Internewscast Journal
  • Home
  • US News
  • Local News
  • Health
  • People
  • Guest Post
  • Support Our Cause
Internewscast Journal
  • Home
  • US News
  • Local News
  • Health
  • People
  • Guest Post
  • Support Our Cause
Home Local news Asian Stock Markets Show Mixed Performance Following a Dip in S&P 500 and Nasdaq
  • Local news

Asian Stock Markets Show Mixed Performance Following a Dip in S&P 500 and Nasdaq

    Asian shares are mixed after S&P 500 and Nasdaq composite pull back from their all-time highs
    Up next
    Meghan Markle with her father, Thomas Markle, at her college graduation
    Royal Author Alleges Duchess of Sussex’s ‘Intense Jealousy’ Detracted from Her Achievements While Meghan’s Estranged Father Marks His Birthday
    Published on 14 July 2025
    Author
    Internewscast
    Tags
    • After,
    • alltime,
    • and,
    • ARE,
    • asian,
    • back,
    • Business,
    • composite,
    • Donald Trump,
    • from,
    • highs,
    • Mark Carney,
    • mixed,
    • Nasdaq,
    • Pete Hegseth,
    • pull,
    • SampP,
    • Shares,
    • their,
    • world news
    Share this @internewscast.com
    FacebookXRedditPinterest

    BANGKOK – Shares were mixed in Asia on Monday after the S&P 500 and the Nasdaq composite edged away from the records they set last week.

    Over the weekend, U.S. President Donald Trump announced plans to impose 30% tariffs on goods coming from Mexico and the European Union. This announcement had little immediate impact, as analysts believe progress toward trade agreements will be made before the August 1st deadline.

    Trump detailed the planned tariffs Saturday in letters posted to his social media account.

    The Mexican peso weakened slightly against the dollar, trading at 18.6 pesos to the dollar.

    Meanwhile, Chinese stock markets saw gains after the government reported a rise in exports last month. This increase was driven by a surge in orders, resulting from a temporary pause in the trade conflict ahead of the August 12th deadline for finalizing a new trade pact with Washington.

    Hong Kong’s Hang Seng gained 0.5% to 24,253.18, while the Shanghai Composite index also was up 0.5%, at 3,526.75.

    Tokyo’s Nikkei 225 index slipped 0.3% to 39,459.20, while the Kospi in South Korea jumped 0.8% to 3,200.25.

    In Australia, the S&P/ASX 200 was little changed at 8,577.80.

    Taiwan’s benchmark lost 2.3%.

    On Friday, a modest pullback for U.S. stocks left major stock indexes on Wall Street in the red for the week.

    The S&P 500 closed 0.3% lower, at 6,259.75, a day after setting a record high.

    The Dow Jones Industrial Average fell by 0.6% to reach 44,371.51, while the Nasdaq composite experienced a slight decline of 0.2%, closing at 20,585.53. Throughout the day, it fluctuated between minor gains and losses, after having reached a record high on the previous Thursday.

    The selling capped an uneven week in the market as Wall Street kept an eye on the Trump administration’s rollout of new tariff threats against trading partners like Canada and looked ahead to the upcoming corporate earnings reporting season.

    Trump said in a letter Thursday that he will raise taxes on many imported goods from Canada to 35%, deepening the rift between the longtime North American allies. The letter to Canadian Prime Minister Mark Carney was an aggressive increase to the top 25% tariff rates that Trump first imposed in March.

    The administration had initially set Wednesday as a deadline for countries to make deals with the U.S. or face heavy increases in tariffs. But with just two trade deals announced since April, one with the United Kingdom and one with Vietnam, the window for negotiations has been been extended to Aug. 1.

    Trump also floated this week that he would impose tariffs of as much as 200% on pharmaceutical drugs and place a 50% tariff on copper imports, matching the rates charged on steel and aluminum.

    The initial rollout of Trump’s tariff policies in the spring roiled financial markets. But they have been relatively stable in recent weeks, suggesting investors have adjusted to the unpredictability of his sudden policy shifts.

    Markets are set to shift their focus to quarterly earnings over the next few weeks. JPMorgan Chase, Wells Fargo and Citigroup are among big banks due to report their results on Tuesday.

    Shares in aviation company Red Cat Holdings jumped 26.4% Friday after Defense Secretary Pete Hegseth issued orders aimed at ramping up production and deployment of drones.

    Bitcoin climbed to another all-time high, rising 3.6% early Monday to $122,065, according to Coindesk.

    Bitcoin’s price has jumped amid bullish momentum across risk assets and coincides with Nvidia’s surge to a $4 trillion valuation. The U.S. Congress’ Crypto Week starts Monday. Lawmakers will debate a series of bills that could define the regulatory framework for the industry.

    In other dealings early Monday, U.S. benchmark crude oil gained 9 cents to $68.54 per barrel. Brent crude, the international standard, was up 10 cents at $70.46 per barrel.

    The dollar slipped to 147.36 Japanese yen from 147.38 yen. The euro fell to $1.1659 from $1.1692.

    ___

    AP Business Writer Alex Veiga contributed.

    Copyright 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.

    Share this @internewscast.com
    FacebookXRedditPinterest
    You May Also Like

    TEMA Offers Tips for Tennesseans to Prepare for Severe Weather During National Preparedness Month

    NASHVILLE, Tenn. (WKRN) — In September 2024, Tennessee was hit by one…
    • Internewscast
    • September 23, 2025
    'Rapturetok' videos go viral on social media
    • Local news

    Viral Social Media Trend: ‘Rapturetok’ Videos

    IE 11 is not supported. For the best experience, please access our…
    • Internewscast
    • September 24, 2025
    'It's a setback': SEDA president talks Hyundai raid, relationship with South Korea
    • Local news

    ‘It’s a Setback’: SEDA President Discusses Hyundai Raid and South Korean Relations

    SAVANNAH, Ga. — After the recent immigration raid at the HL-GA Battery…
    • Internewscast
    • September 23, 2025
    Some burn bans lifted in Central IL, but fire chief still urging caution
    • Local news

    Certain Burn Bans Lifted in Central Illinois, but Fire Chief Advises Continued Caution

    CENTRAL ILLINOIS (WCIA) — Burn bans are being lifted for some cities…
    • Internewscast
    • September 23, 2025
    Prison to production: SC inmates build plates, signs
    • Local news

    From Inmates to Craftsmen: SC Prisoners Create Plates and Signs

    COLUMBIA, S.C. (WSPA) — You might not be aware, but the road…
    • Internewscast
    • September 24, 2025
    Here's the Scoop: President Trump's U.N. speech
    • Local news

    Here’s the Lowdown: President Trump’s United Nations Address

    IE 11 is not supported. For an optimal experience visit our site…
    • Internewscast
    • September 24, 2025
    Spectacular lake festival in Myanmar shines despite political upheaval and natural disasters
    • Local news

    Myanmar’s Lake Festival Thrives Amidst Political Turmoil and Natural Challenges

    INLE LAKE – Myanmar’s Phaung Daw Oo Pagoda Festival, a prominent Buddhist…
    • Internewscast
    • September 23, 2025
    Trump: Ukraine can win back territory lost in the war
    • Local news

    Trump: Ukraine has the potential to reclaim lost land from the conflict

    Internet Explorer 11 is not supported. For the best experience, please access…
    • Internewscast
    • September 23, 2025
    What should pregnant women do after Tylenol announcement?
    • Local news

    Essential Steps for Pregnant Women Following the Tylenol Update

    Following the Trump administration’s statement indicating a possible connection between the use…
    • Internewscast
    • September 23, 2025
    Bluffton Mayor responds to town councilperson lawsuit
    • Local news

    Bluffton’s Mayor Addresses Lawsuit Involving Town Council Member

    BLUFFTON, S.C. () — Bluffton’s mayor is speaking out about a lawsuit…
    • Internewscast
    • September 23, 2025
    MLB will use robot umpires in 2026
    • Local news

    MLB to Introduce Automated Umpires in 2026

    NEW YORK (AP) — Robot umpires are getting called up to the…
    • Internewscast
    • September 24, 2025
    Trump to address U.N. as divisions with allies deepen over Palestinian statehood, trade
    • Local news

    Trump to Speak at U.N. Amid Growing Rifts with Allies on Palestinian Statehood and Trade

    Simultaneously, the administration has expedited its withdrawal from the U.N., significantly reducing…
    • Internewscast
    • September 23, 2025
    Woke-on-woke fury brings chaos to Greta Thunberg's Gaza flotilla
    • News

    Dispute Erupts Among Activists on Greta Thunberg’s Gaza Flotilla

    Greta Thunberg’s Gaza-bound flotilla has reportedly spiraled into turmoil after…
    • Internewscast
    • September 24, 2025
    Florida serial offender accused of dragging bicyclist to death in hit-and-run
    • US

    Florida Repeat Offender Allegedly Drags Cyclist to Death in Hit-and-Run Incident

    A bicyclist in a waterfront Florida town was killed in a hit-and-run…
    • Internewscast
    • September 24, 2025
    Rachel Bilson details being fired for making sex comment on podcast
    • News

    Rachel Bilson Shares How She Lost a Job Due to a Sex-Related Comment on Her Podcast

    Rachel Bilson learned the hard way you can share too much information.…
    • Internewscast
    • September 24, 2025
    Decatur City Manager cites issues with council member as reason for resignation
    • Local news

    Decatur City Manager Steps Down, Blaming Difficulties with Council Member

    DECATUR, Ill. (WCIA) — Decatur’s City Manager has announced his…
    • Internewscast
    • September 24, 2025
    Internewscast Journal
    • Home
    • Privacy Policy
    • DMCA Notice
    • Terms and Conditions
    • Guest Post
    • Support Our Cause
    Copyright 2023. All Right Reserverd.