Singapore inflation stays at over four-year low forward of financial coverage choice
Singapore’s headline inflation fee got here in regular at 0.8% in June, remaining at its lowest degree in over 4 years.
The inflation determine was decrease than the 0.9% anticipated by economists, and comes forward of the nation’s financial coverage choice later in July.
Core inflation, which strips out costs of personal transport and lodging, remained unchanged at 0.6%.
The tender inflation determine clears the best way for Singapore’s financial authority to ease its financial coverage to assist development in an unsure commerce setting.
In its current annual report launched on July 15, the Financial Authority of Singapore famous that core inflation “eased considerably to beneath 1% within the first 5 months of this yr, coming in beneath expectations.”
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—Lim Hui Jie
Japan’s Ishiba may resign in August, native media studies
Japan’s embattled Prime Minister Shigeru Ishiba may resign by August, in line with native media.
The studies got here shortly after U.S. President Donald Trump introduced that he had reached a “huge Deal” with Japan, and days after Ishiba’s governing coalition misplaced its majority within the nation’s higher home.
Japan’s Mainichi newspaper reported Wednesday that the prime minister supposed to announce his resignation by August, in line with a Google translation of the report in Japanese.
Japanese media outlet Yomiuri had reported earlier within the day that Ishiba would determine whether or not to remain on as prime minister after assessing the progress of tariff negotiations.
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—Lim Hui Jie
Japan’s Nikkei 225 jumps 3%; here is how the yen and JGBs are doing
China markets rise on the open
Mainland China and Hong Kong shares opened larger, with the area largely within the inexperienced.
Mainland China’s CSI 300 was up 0.3%, whereas Hong Kong’s Dangle Seng Index — which incorporates main Chinese language firms — gained 0.63%.
The Dangle Seng Tech Index, which tracks the most important expertise firms listed in Hong Kong, rose 0.73%.
—Lee Ying Shan
Shares of Japanese automakers soar on report of decrease U.S. tariffs
Shares of Japanese automakers surged after the U.S. reportedly lowered its tariffs on autos from the nation to fifteen% from 25%, in line with the Tokyo’s public broadcaster NHK, citing a Japanese official.
Shares of Japan’s Honda jumped 8.42%, whereas Toyota climbed 9.97%. Nissan jumped over 7%, and Mazda Motor surged over 16%. Mitsubishi Motors popped over 12%.
Shares of South Korean carmaker Hyundai additionally rose over 5% on the announcement, whereas Kia was up 7.06%.
It’s unclear if the diminished fee might be prolonged to different Asian automakers.
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—Lee Ying Shan
Japan equities climb as area begins buying and selling day within the inexperienced
Japan’s benchmark Nikkei 225 rose 1.71% on the open, whereas the Topix climbed 1.87% as of 9.09 a.m. Japan time (8.09 p.m. ET Tuesday).
South Korea’s Kospi added 0.89% and the small-cap Kosdaq was 0.22% larger.
Australia’s S&P/ASX 200 rose 0.34%.
—Lee Ying Shan
Trump pronounces ‘huge’ commerce take care of Japan with 15% tariffs
U.S. President Donald Trump on Tuesday stateside introduced that he had made the “largest Deal ever” with Japan, which includes tariffs of 15% on the nation’s exports to the U.S.
In a submit on Fact Social, Trump additionally stated that Japan will make investments $550 billion into america, including that the U.S. will “obtain 90% of the Income.”
Trump additionally stated that Japan will “open their Nation to Commerce, together with Automobiles and Vans, Rice and sure different Agricultural Merchandise, and different issues.”
The U.S. president added that the deal would additionally create “Tons of of 1000’s of Jobs.”
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— Lim Hui Jie
Listed here are the opening requires the day
Completely satisfied mid-week from Singapore! Asia markets have been poised to open larger. Japan’s benchmark Nikkei 225 was set to start out the buying and selling day larger, with the futures contract in Chicago at 40,185 towards the index’s final shut at 39,774.92.
Australia’s S&P/ASX 200 was additionally on monitor to start out the day larger with futures tied to the benchmark at 8,681, in contrast with its final shut of 8,677.20.
Futures for Hong Kong’s Dangle Seng index stood at 25,321, pointing to a stronger open in contrast with the HSI’s final shut of 25,130.03.
— Lee Ying Shan
S&P 500, Dow shut in optimistic territory
The S&P 500 and the Dow Jones Industrial Common closed within the inexperienced on Tuesday.
The broad market index rose 0.06% to shut at 6,309.62, marking one other file shut for the index. The blue-chip Dow climbed 179.37 factors, or 0.4%, to complete at 44,502.44.
Alternatively, the tech-heavy Nasdaq Composite fell 0.39% to finish the day at 20,892.69.
— Sean Conlon
U.S. has reached commerce and navy take care of the Philippines, Trump says
U.S. President Donald Trump and Philippine President Ferdinand Marcos Jr., meet within the Oval Workplace on the White Home in Washington, D.C., U.S., July 22, 2025.
Kent Nishimura | Reuters
President Donald Trump stated on Tuesday that the U.S. has reached a commerce settlement with the Philippines.
“President Ferdinand Marcos, of the Philippines, is simply leaving the White Home, with all of his many Representatives. It was an attractive go to, and we concluded our Commerce Deal, whereby The Philippines goes OPEN MARKET with america, and ZERO Tariffs. The Philippines pays a 19% Tariff,” the president stated in a Fact Social submit.
Trump additionally stated that the 2 international locations will “will work collectively Militarily.”
The Philippines has but to verify the deal.
— Kevin Breuninger, Sean Conlon
