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, June 26, 2017.
Kevin Lamarck | Reuters
Asian markets rose on Tuesday a surprising turn of events from the previous day. South Korea’s Kospi was up 6.7% at 1:40 a.m. ET after causing a temporary pause in buy orders earlier in the session. The index halted trading on Wednesday – but on the sell side – after falling more than 5%.
The US-India trade deal also turbocharged New Delhi’s markets.
Indian Awesome 50 rocket up to 5% when opened After US President Donald Trump announced on Monday that America will reduce reciprocal tariffs on India 25% to 18%. As part of the deal, New Delhi will “BUY AMERICANITY at much higher levels” and stop buying oil from Russia. Instead, India will import it from the US and possibly Venezuela, Trump said.
“Combined with the recently concluded India-EU trade agreement, this could be one of the strongest external growth drivers for the Indian economy in 2026,” said Traydeep Bhattacharya, president of equities at Edelweiss Asset Management.
A string of positive moves was also seen in gold and silver. The price of two precious metals rose again on Tuesday, At press time, spot gold was up 4.8% and spot silver was up 7.3%. There is concern among some analysts that silver will remain the same this year “Meme Trading”.
On Monday, the main US indices also rose. The S&P 500 0.54% added, Dow Jones Industrial Average rose 1.05% and Nasdaq Composite increased by 0.56%.
On land, France finally passed its limits delayed 2026 budget after Prime Minister Sébastien Lecornu faced two no-confidence motions.
What you need to know today
SpaceX acquires startup xAI announced Elon Musk a blog post on monday. The combined company is preparing for an IPO and is expected to price shares estimated it at 1.25 trillion dollarsBloomberg reported — providing xAI with essentials cash infusion.
Saimemory, a subsidiary of SoftBank, has signed an agreement with Intel to work together new generation memory technologiesboth companies announced Tuesday. According to SoftBank, prototypes are expected by the fiscal year ending March 31, 2028, with commercialization planned for fiscal 2029. press release.
Australia’s central bank raised rates by 25 basis pointsto bring the benchmark rate is up to 3.85% on tuesday. This is the first rate hike by the Reserve Bank of Australia since November 2023 and aAverage inflation remained hotter than expected.
The Asia-Pacific market rebounded tuesday, reversing Monday’s sharp losses. of South Korea Kospi increased by more than 6%, and that of Japan Nikkei 225 added about 3.9%. US stocks rose on Mondayregardless Nvidia lost 2.9% according to planned reports 100 billion dollar investment In OpenAI stopped.
(PRO) The Hustle About Robots. Musk announced this on Wednesday Tesla Converting a California plant Build the Optimus robotand competitors in China strengthen supply humanoid robots. Morgan Stanley thinks these firms will benefit from the development of the industry.
And finally…
China’s Organized Crime Networks to Move $16 Billion in Cryptocurrency by 2025: Report
According to a report released on Tuesday by blockchain data analysis firm Chainalysis, Chinese-language money-laundering networks sent an estimated $16.1 billion in illicit funds through cryptocurrency transactions in 2025.
These networks, known as CMLNs, will account for roughly one-fifth of the illicit cryptocurrency ecosystem in 2025, which Chainalysis estimates at more than $82 billion. Criminal networks mainly operate through various channels and chat groups on the Telegram messaging platform, where launderers advertise their services to prospective customers.
– Matthew Chin