Asian markets, precious metals rebound as Trump seals trade deal with India


Indian Prime Minister Narendra Modi hugs U.S. President Donald Trump during a joint statement in the Rose Garden of the White House in Washington on June 26, 2017.

Kevin Lamarque | Reuters

Asian markets on Tuesday amazing transformation from the day before. South Korea’s Kospi led gains in the region, surging 6.7% as of 1:40 a.m. ET after triggering a temporary pause in purchase orders earlier in the session. The index also halted trading, but on the sell side, after falling more than 5% on Wednesday.

The trade deal between the US and India has also boosted the market in New Delhi.

Indian nifty 50 rocket Up to 5% at opening This comes after US President Donald Trump announced on Monday that the US would reduce so-called reciprocal tariffs on India increased from 25% to 18%. As part of the deal, New Delhi will “buy American products at a higher level” and stop buying oil from Russia. Trump said India would import from the United States and possibly Venezuela.

“Combined with the recently concluded India-EU trade agreement, this could be one of the strongest external growth stimuli for the Indian economy in 2026,” said Trideep Bhattacharya, president of equities at Edelweiss Asset Management.

Gold and silver also saw a series of positive moves. Prices of two precious metals rebounded on Tuesday, As of press time, spot gold was up 4.8% and spot silver was up 7.3%. However, some analysts worry that silver is becoming this year’s gold “Meme Trade.”

Major U.S. stock indexes also rose on Monday. this S&P 500 Index Add 0.54%, Dow Jones Industrial Average up 1.05%, Nasdaq Composite Index up 0.56%.

On the African continent, France finally passes Severely delayed 2026 budget Prime Minister Sebastien Lecornu survived two no-confidence motions.

What you need to know today

SpaceX is acquiring startup xAI, Announce Elon Musk in a blog post on Monday. The combined company is preparing for an initial public offering and its shares are expected to price at Valuation: $1.25 trillionBloomberg reports – providing xAI with much-needed cash injection.

SoftBank subsidiary Saimemory has signed an agreement with Intel work together next generation memory technologythe companies announced Tuesday. According to SoftBank, the prototype is expected to be launched in the fiscal year ending March 31, 2028, with commercialization targeted for fiscal 2029 Press release.

Australia’s central bank raises interest rates by 25 basis pointsbring its The benchmark interest rate rose to 3.85% Tuesday. This is the first time the Reserve Bank of Australia has raised interest rates since November 2023Inflation remains higher than expected over the medium term.

Asia-Pacific markets rebound Tuesday, Recovering from Monday’s sharp losses. Korean Cospi increased by more than 6%, while Japan Nikkei 225 Index An increase of approximately 3.9%. U.S. stocks rose on Mondayalthough NVIDIA Reports suggest it plans to drop 2.9% Invest $100 billion In Open Artificial Intelligence has stalled.

(Professional) Robotic Buzz. Musk announced on Wednesday Tesla California factory is being converted into Building the Optimus Prime Robotwhile China’s competitors are Increase delivery volume humanoid robot. Morgan Stanley think these companies All will benefit from the development of the industry.

at last…

Report Says Chinese Organized Crime Networks Moved $16 Billion in Cryptocurrency in 2025

China’s money laundering networks will have moved approximately $16.1 billion in illicit funds through cryptocurrency transactions by 2025, according to a report released on Tuesday by blockchain data analytics firm Chainaanalysis.

These networks, known as CMLNs, accounted for approximately one-fifth of the illicit cryptocurrency ecosystem in 2025, which Chainaanalysis valued at over $82 billion. The criminal network operates primarily through various channels and chat groups on the messaging platform Telegram, where money launderers advertise their services to potential clients.

— Matthew Chin



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