Asia

Asian stock markets rallied on Wednesday after Beijing and Washington unveiled a follow-up plan building on the ceasefire agreed last month in Geneva. Investors welcomed signs of easing trade tensions and possible tariff rollbacks, fueling a positive sentiment across global markets.

Japan Boosted by Easing Wholesale Inflation
In Tokyo, the Nikkei 225 rose 0.5% in morning trading to 38,385.37 points. The rally was supported by new data from the Bank of Japan, showing that wholesale inflation slowed in May, reducing pressure on the central bank to raise interest rates at its next policy meeting.

Gains Across China, Korea, and Australia
🔹 Hang Seng in Hong Kong advanced 0.8% to 24,364.77

🔹 Shanghai Composite gained 0.5% to 3,402.72

🔹 Australia’s S&P/ASX 200 edged up 0.3% to 8,612.40

🔹 South Korea’s Kospi climbed 0.6% to 2,889.88

Wall Street Continues to Rise Amid Tariff Optimism
U.S. markets extended their gains overnight:

🔹 S&P 500 rose 0.5% to 6,038.81

🔹 Dow Jones gained 0.2% to 42,866.87

🔹 Nasdaq added 0.6% to 19,714.99
This rebound follows a nearly 20% drop from earlier record highs — triggered by fears of recession after President Donald Trump’s tariff announcements. Markets are now pricing in the possibility that the White House will remove trade barriers following deals with foreign governments. The S&P 500 is now just 1.7% below its February peak.

Talks Confirm Direction, But Bring Little New
Some analysts remain cautious. Stephen Innes of SPI Asset Management noted that the recent 48-hour discussions in London didn’t break new ground:
“What did 48 hours of meetings achieve? Apparently, just confirmation that they’ll do what they already promised. Markets wanted substance — they got process.”
Meanwhile, U.S. Commerce Secretary Howard Lutnick expressed confidence in the talks, calling them “really, really productive.” Both sides reportedly paused several tariffs to keep the dialogue going.

Small Business Optimism Rises in the US
A new survey released Tuesday showed a slight uptick in small business confidence in the U.S. during May — another encouraging sign for economic sentiment.

Tesla Rebounds, TSMC Surprises
Key tech stocks also saw positive movement:

🔹 Tesla rose 5.7%, partially recovering from last week’s decline following a public spat between Elon Musk and President Trump.

🔹 Taiwan Semiconductor Manufacturing Co. (TSMC) shares traded in the U.S. jumped 2.6% after reporting a nearly 40% year-over-year revenue increase for May.

Bonds and Oil See Modest Moves
🔹 10-year U.S. Treasury yield slipped slightly from 4.47% to 4.48%

🔹 WTI crude oil rose by $0.08 to $65.06 per barrel

🔹 Brent crude added $0.02 to $66.89 per barrel

Dollar Strengthens, Euro Slips
In currency trading, the U.S. dollar strengthened against the yen, trading at 145.08 JPY compared to 144.84 the previous day. The euro eased slightly, from $1.1425 to $1.1418.

#stockmarket , #Asia , #Tariffs , #Tesla , #forex

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The past week has brought a slew of important events, strategic changes, and announcements to the Asian cryptocurrency scene, which have had a significant impact on the global financial environment. Monitoring the latest trends in Japanese regulations and the Indonesian president's approach to cryptocurrencies has been far from dull. These events vividly illustrate how Asia is immersing itself in digital transformation.
Japan and South Korea
In Japan, the Financial Services Agency (FSA) has intensified its supervision of unauthorized cryptocurrency transactions. The FSA's directive to financial institutions was clear: tighten control over transactions on cryptocurrency exchanges, especially when sender and recipient information differs.
Simultaneously, Bitcoin on the bitFLYER exchange reached a record value of 7.9 million yen, significantly higher than the global benchmark of $52,000. This success highlighted the weakness of the Japanese yen in the context of the Bank of Japan's loose monetary policy and inflation, which reached its highest level since 1982.
In South Korea, the Financial Intelligence Unit (FIU) unveiled an ambitious action plan for 2024 aimed at banning the exchange of unqualified virtual assets for Korean won. These measures, from preventive controls to extensive reviews, aim to strengthen market security and combat money laundering. The FIU aims for only the best companies to engage in the cryptocurrency market.
In a development related to this sector, gaming company Com2uS entered into a partnership with the blockchain project Oasys, aiming to develop the Web3 gaming sector. The collaboration aims to leverage Com2uS's experience in mobile games and Oasys's technological know-how to create innovative gaming experiences.
Indonesia and Hong Kong
In light of political changes in Indonesia following the election of Prabowo Subianto and Gibrana Rakabuminga Raka, favorable developments for cryptocurrencies are expected. The victory of this duo suggests an interest in incorporating cryptocurrencies into the national economic plan, with an emphasis on strengthening regulatory oversight and compliance with tax laws among cryptocurrency traders.
Hong Kong is focusing on combating cryptocurrency crimes through innovative and vigilant methods. The development of transaction tracking technology is expected to help combat fraud, while a proactive approach to regulation supports maintaining a safe and transparent market environment.
An interesting initiative is the partnership between the Ethiopian state investment group and the Hong Kong-based West Data Group, aimed at developing bitcoin mining and artificial intelligence education. This $250 million project highlights efforts to integrate advanced technology into Ethiopia's economic strategy.
Global Developments and China's Restrictions
In the context of global issues regarding digital currencies, a US official commented on the use of cryptocurrencies by the terrorist organization Hamas, emphasizing the group's minimal reliance on digital currencies.
MEXC Exchange and other cryptocurrency platforms are implementing stricter policies towards users from China who are not properly verified. This move is part of a broader trend of increasing security and compliance on cryptocurrency exchanges.
#crypto #asia

Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“