Asia-Pacific markets trade mostly higher on Friday following an upbeat session on Wall Street overnight after U.S. President Donald Trump said he would push for lower interest rates and cheaper oil prices,
Investors scaled back bearish bets on most Asian currencies after U.S. President Donald Trump's inaugural policies suggested he would negotiate rather than immediately impose hefty tariffs on trading partners,
Japanese Prime Minister Shigeru Ishiba, struggling to stabilize his minority government, says he will seek to maintain regional security and prepare for tough negotiations with U.S. President Donald T
Osamu Inoue, president of Sumitomo Electric, which makes parts for Volkswagen, Toyota and Stellantis, among others, said Trump’s threatened 25 per cent tariffs on Mexican goods would do more harm to US suppliers, which account for almost a third of car parts investment in Mexico.
Japan's concerns over a potential U.S. retreat from the region have grown amid China's increasingly assertive military posture.
Overall, Trump’s second-term foreign policy, defense, and economic appointments suggest that security issues will dominate in Asia, despite his grumbling about trade imbalances. In addition, they suggest that his second administration will be even tougher toward China than his first, or than the Biden administration.
As the new administration charts its foreign policy course, a stronger Central Asia-U.S. partnership can serve as a model for mutually beneficial cooperation.
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It appears that the biggest winners under Trump's executive orders are domestic oil and gas exploration and production companies such as Exxon Mobil Corp. ( XOM ), Chevron Corp. ( CVX) and EOG Resources Inc. ( EOG ).
Asia-Pacific markets were set to open higher Monday, ahead of Donald Trump's inauguration with investors awaiting greater clarity on the policies of the incoming U.S. administration. Australia's S&P/ASX 200 rose 0.2% at the open.
Nvidia CEO Jensen Huang Huang said he will be celebrating Lunar New Year with employees.