Asian shares have dipped while US futures rose after President Trump postponed a 50% tariff on EU imports, instilling optimism among investors. In Japan, super-long government bond yields fell after a previous selloff, and the dollar is set for its fifth consecutive monthly decline, influenced by US trade policies and fiscal concerns. Focus this week includes Nvidia’s earnings report, Federal Reserve speeches, and the US core PCE price index, amidst a Bank of Japan conference addressing economic growth and inflation challenges.
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Asia stocks fall as US tariffs remain after court twist
Asian stocks declined as the US dollar weakened alongside Treasury yields, following an appeals court's decision to keep President Trump's tariffs in place while considering an appeal against a previous ruling that deemed the tariffs unconstitutional. Japan's Nikkei index fell 1.7%, influenced by a stronger yen, which impacts overseas earnings, while Hong Kong's Hang Seng and South Korea's KOSPI also experienced losses. Despite the legal uncertainty surrounding the tariffs, Treasury Secretary Scott Bessent confirmed ongoing...
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