Asian equities climbed on Thursday as investors brushed aside US President Donald Trump’s threat to impose 100 percent tariffs on semiconductors. Optimism remained strong that the Federal Reserve would cut interest rates next month, supporting market sentiment. Key Market Moves and Reactions Market/Company Movement Notes Taiwan (TSMC) +5% Surge led by Taiwan Semiconductor Manufacturing Company […]

In a late-night declaration on Thursday, United States President Donald Trump announced that substantial revenue was now entering the country following the imposition of new tariffs that took effect at midnight on August 7. Writing on his social media platform, Truth Social, shortly after the deadline passed, the President proclaimed: “IT’S MIDNIGHT!!! BILLIONS OF DOLLARS […]

Japanese automotive titan Toyota on Thursday revised its annual net profit forecast downward to 2.66 trillion yen (approximately $18.06 billion), attributing the change primarily to the repercussions of heightened US tariffs. In an official statement, the company explained: “Due to the impact of US tariffs and other factors, actual results showed decreased operating income, and […]

The Swiss federal government has announced it will convene an “extraordinary meeting” on Thursday afternoon, prompted by concerns over the potential imposition of punitive tariffs by the United States. This development follows the return of a Swiss delegation from Washington, where senior officials engaged in discussions aimed at dissuading President Donald Trump’s administration from applying […]

On Thursday, the United States enacted a new wave of higher tariffs, impacting dozens of countries and significantly elevating risks tied to President Donald Trump’s expansive global trade strategy. What Changed: Tariff Adjustments An executive order signed last week raised tariffs on many imports from 10% to between 15% and 41%. Breakdown by region: European […]

Sony Group Corporation, the Japanese electronics and entertainment powerhouse and maker of the PlayStation console, revised its annual profit forecasts upward on Thursday. The adjustment reflects a strong performance in its gaming division and a smaller-than-anticipated negative impact from US trade tariffs. Following the announcement, Sony’s shares surged by over six percent on the Tokyo […]

Danish shipping conglomerate Maersk announced on Thursday a 26.5% decline in net profit for the second quarter, yet simultaneously upgraded its annual outlook, driven by resilient demand in markets outside the United States. Despite ongoing volatility and historical uncertainty in global trade, Maersk has demonstrated agility in adapting to shifting market conditions, especially in light […]

The Economic Commission of Iran’s Parliament has revived a long-delayed proposal to remove four zeros from the country’s deeply devalued currency as part of an effort to streamline financial transactions and address growing economic complexity.   Details of the Currency Redenomination Plan Item Details Currency Name Rial (unchanged) Redenomination Proposal Remove four zeros from the existing […]