Meanwhile, South Korea’s\u00a0Kospi<\/a>\u00a0index fell 0.53% to close at 3,189.91, while the small-cap Kosdaq lost 0.57% to 807.19.<\/p>\n Australia’s\u00a0S&P\/ASX 200<\/a>\u00a0benchmark advanced 0.41% at 8,888.80.<\/p>\n Japan’s\u00a0Nikkei 225<\/a>\u00a0benchmark pared earlier gains to rise 2.15% at 42,718.17, while the broader Topix index added 1.39% to 3,066.37.<\/p>\n Over in India, the 50-stock benchmark\u00a0Nifty 50<\/a>\u00a0was flat, while the BSE Sensex index ticked down 0.12% as of 1:52 p.m. Indian Standard Time (4:23 a.m. ET).<\/p>\n \u2014 Amala Balakrishner<\/p>\n Tue, Aug 12 202512:50 AM EDT<\/p>\n Australian stocks extend gains after RBA rate cut<\/p>\n Australia’s benchmark S&P\/ASX 200<\/a> added 0.28% to 8,869.70 as of 2:45 p.m. Australian Eastern Standard Time (12:45 p.m. ET), after the Reserve Bank of Australia cut rates by 25 basis points.<\/p>\n Stock Chart IconStock chart icon S&P\/ASX<\/p>\n The benchmark had hit a fresh high earlier in the session.<\/p>\n Meanwhile, the Australian dollar was little changed, and appreciated 0.02% against the greenback to 0.6511.<\/p>\n \u2014 Amala Balakrishner<\/p>\n Tue, Aug 12 202512:41 AM EDT<\/p>\n Australia cuts interest rates to more than 2-year lows as easing inflation supports looser policy<\/p>\n Australia’s central bank cut its policy rate by 25 basis points Tuesday, as low inflation allows the country room to loosen its monetary policy and boost its slowing economy.<\/p>\n The country’s benchmark rates are now at 3.6%, their lowest since April 2023, and in line with expectations of economists polled by Reuters.<\/p>\n Read the full story, here<\/a>.<\/p>\n \u2014 Lim Hui Jie<\/p>\n Tue, Aug 12 202512:11 AM EDT<\/p>\n India’s Nifty 50 benchmark rises in early trade<\/p>\n India’s\u00a0Nifty 50<\/a> opened higher Tuesday.<\/p>\n The 50-stock benchmark was up 0.13% as of 9:30 a.m. Indian Standard time (12 p.m. ET).<\/p>\n Stock Chart IconStock chart icon Nifty 50 Index<\/p>\n Meanwhile, the BSE Sensex index was last seen down 0.19%.<\/p>\n The country’s consumer price index reading for July is expected later in the day. Economists polled by Reuters forecast a 1.76% year-on-year expansion, from the 2.1% increase in the month before.<\/p>\n \u2014 Amala Balakrishner<\/p>\n Tue, Aug 12 202512:09 AM EDT<\/p>\n Asian tech stocks trade mixed after Trump allows U.S. firms to resume some chip sales in China<\/p>\n Technology counters in Asia traded mixed Tuesday after U.S. President Donald Trump permitted Nvidia and AMD to resume some chip sales in China<\/a>.<\/p>\n Gains among tech stocks in Japan were led by Lasertec<\/a> and SoftBank Group<\/a>, which surged 7.3% and 7.54%, respectively, as of 12:01 p.m. Singapore time (12:01 a.m. ET Tuesday).<\/p>\n Strong gains were also seen in Advantest Corp<\/a>, which rallied 7.06%, Japan Display<\/a>, which gained 5.56% and Renesas Electronics<\/a>, which advanced 2.75%.<\/p>\n Over in South Korea, shares of SK Hynix increased by 1.69% while Samsung Electronics was trading 1.06% higher.<\/p>\n Taiwan’s TSMC<\/a> trading 0.42%\u00a0higher and\u00a0Hon Hai Precision Industry<\/a>\u00a0\u2014 known globally as Foxconn \u2014 down 0.51%.<\/p>\n Hong Kong’s tech-heavy Hang Seng Tech<\/a> index was similarly down 0.35%.<\/p>\n The three worst performers on the index were Kingdee International Software Group<\/a>, which plunged 7.16%, Kuaishou Technology<\/a>, which declined 6.15% and Bilibili Inc<\/a>, which retreated 2.84%.<\/p>\n Meanwhile, losses were also seen in the shares of Alibaba Group<\/a>, which fell 1.6%, Xpeng<\/a>, which dropped 1.53% and Li Auto<\/a>, which lost 1.49%.<\/p>\n \u2014 Amala Balakrishner<\/p>\n Mon, Aug 11 202511:45 PM EDT<\/p>\n Trump’s China tariff truce extension offers scope for ‘relief jump’ in HK stocks: Mizuho<\/p>\n U.S. President Donald Trump’s decision to extend the trade truce with Beijing for another 90 days offers scope for a “relief jump” for stocks listed on the Hong Kong exchange, Mizuho Securities’ head of macro research, Asia ex-Japan, Vishnu Varathan, wrote in a Tuesday note.<\/p>\n He added that the extension was presumably made on the “grounds of optimism about and goodwill for an impending trade deal.”<\/p>\n Hong Kong stocks have been trading near the flatline, with the Hang Seng Index<\/a> last seen up 0.05% as of 11: 32 a.m. local time (11:32 p.m. ET Monday).<\/p>\n Stock Chart IconStock chart icon Hang Seng Index<\/p>\n Mon, Aug 11 202510:13 PM EDT<\/p>\n Singapore’s trade ministry upgrades 2025 GDP growth outlook to 1.5%-2.5%<\/p>\n Singapore’s Ministry of Trade and Industry has revised its 2025 growth forecast for the city-state upwards to 1.5%-2.5% from 0%-2%.<\/a><\/p>\n The ministry announced its narrowed forecast Tuesday and said it “largely reflects the better-than-expected performance of the Singapore economy in the first half of 2025.”<\/p>\n Singapore’s economy expanded by 4.4% on a year-on-year basis in the second quarter ended June, extending the 4.1% growth recorded in the preceding quarter, the ministry revealed.<\/p>\n “The new forecast range implies the MTI projects GDP growth to average within the range of -1.2% to 0.9% y-o-y in H2, down from 4.3% in H1,” no thanks to concerns about uncertainty on the U.S.’ trade policies, Nomura’s economists Euben Paracuelles and Charnon Boonnuch wrote in a Tuesday note.<\/p>\n Looking ahead, they have revised their 2025 GDP forecast for Singapore to 2.6%, from their previous estimate of 2%.<\/p>\n This “implies a growth slowdown to 1.0% year on year in the second half of the year, from 4.3% in the first half, reflecting payback effects after the front-loading of exports,” the economists added.<\/p>\n \u2014 Amala Balakrishner<\/p>\n Mon, Aug 11 20259:46 PM EDT<\/p>\n Chinese and Hong Kong stocks open flat<\/p>\n Chinese and Hong Kong stocks were little changed Tuesday, as investors assessed the latest developments in U.S.-China trade relations.<\/p>\n As of 9:45 a.m. local time (9:45 p.m. ET Monday), the Hang Seng Index<\/a>\u00a0moved down 0.1%, while mainland’s\u00a0<\/strong>CSI 300<\/a>\u00a0was flat.<\/p>\n \u2014 Amala Balakrishner<\/p>\n Mon, Aug 11 20259:36 PM EDT<\/p>\n SoftBank Group shares surge 8%<\/p>\n Shares of\u00a0SoftBank Group<\/a>\u00a0surged as much as 8.01% Tuesday, extending its gains for the fifth consecutive session.<\/p>\n The Japanese investment firm was also among the best performing stocks on the blue-chip Nikkei 225<\/a> benchmark which hit a fresh high earlier in the session.<\/p>\n Stock Chart IconStock chart icon SoftBank Group<\/p>\n The gains come as the Japanese firm has selected investment banks to support a potential listing of its portfolio company<\/a> \u2014Japanese payments app operator PayPay \u2014 in the U.S., Reuters reported Monday citing two people familiar with the matter.<\/p>\n \u2014 Amala Balakrishner<\/p>\n Mon, Aug 11 20259:16 PM EDT<\/p>\n Australian stocks extend gains to fresh record high<\/p>\n Australian stocks extended their gains for a second day, reaching a new record high.<\/p>\n The 200-stock benchmark S&P\/ASX 200<\/a> rose 0.14% to 8,856.80 as of 10.48 a.m. Australian Eastern Standard Time (8:48 p.m. ET Monday), after hitting a fresh high of 8,828.67 earlier in the session.<\/p>\n Stock Chart IconStock chart icon S&P\/ASX<\/p>\n The benchmark’s strong moves come as trade negotiations between the U.S. and China show signs of progress.<\/p>\n China is the top export destination<\/a> for Australian goods, and investors are hoping that improving trade relations between the world’s two largest economies would spur economic activity down under.<\/p>\n \u2014 Amala Balakrishner<\/p>\n Mon, Aug 11 20258:50 PM EDT<\/p>\n Japan’s Nikkei 225 hits record high<\/p>\n Japan’s blue-chip\u00a0Nikkei\u00a0225<\/a> index hit an all-time high of 42,629.17 on Tuesday, led by energy, technology, financials and utilities sectors.<\/p>\n Stock Chart IconStock chart icon Nikkei 225<\/p>\n Mon, Aug 11 20258:08 PM EDT<\/p>\n Asia-Pacific markets open higher<\/p>\n Asia-Pacific markets opened higher Tuesday.<\/p>\n Japan’s Nikkei 225<\/a> benchmark rose 1.26%, while the broader Topix index added 0.74%, as of 8:07 a.m. Singapore time (8:07 p.m. ET Monday).<\/p>\n In South Korea, the\u00a0Kospi<\/a>\u00a0index added 0.66%, while the small-cap Kosdaq increased by 0.4%.<\/p>\n Over in Australia, the\u00a0S&P\/ASX 200<\/a> benchmark was flat.<\/p>\n \u2014 Amala Balakrishner<\/p>\n Mon, Aug 11 20257:35 PM EDT<\/p>\n U.S. futures mostly move up in early Asia hours<\/p>\n Mon, Aug 11 20257:38 PM EDT<\/p>\n Here are the opening calls for the day <\/p>\n Good morning from Singapore.<\/p>\n The U.S.-China trade truce extension overnight has allowed the world’s largest economies more room to negotiate a deal. <\/p>\n Investors, meanwhile, await the Australian central bank’s rate decision. The Reserve Bank of Australia is expected to slash cash rates to 3.6% from 3.85% at the close of its two-day policy meeting later in the day.<\/p>\n Australia’s\u00a0S&P\/ASX 200<\/a>\u00a0was set to start the day lower with futures tied to the benchmark at 8,783, compared with the index’s Monday close of 8,844.80.<\/p>\n Japan Nikkei 225<\/a>\u00a0was set to open higher, <\/strong>with the futures contract in Chicago at 42,295 while its counterpart in Osaka last traded at 42,270, against the index’s last close of 41,820.48.<\/p>\n Futures for Hong Kong’s\u00a0Hang Seng index<\/a>\u00a0stood at 24,765, pointing to a weaker open compared with the HSI’s last close of 24,906.81.<\/p>\n \u2014 Amala Balakrishner<\/p>\n Mon, Aug 11 20253:52 PM EDT<\/p>\n A September rate cut from the Fed would be a risky move, BofA says<\/p>\n Bank of America thinks the Federal Reserve may want to hold off on cutting interest rates at the end of its next FOMC meeting in the wake of the latest jobs report<\/a>.<\/p>\n “We think those FOMC members that argue for cuts don’t put enough weight on the labor supply shock or the fact that inflation is stuck above target, with risks of a larger and more persistent shock after the latest tariff hikes,” economist Claudio Irigoyen wrote on Monday. “Cutting in September may risk starting the easing cycle without evidence that inflation has peaked.”<\/p>\n He also said that he still doesn’t expect the Federal Reserve to cut interest rates this year.<\/p>\n “The downward revision to nonfarm payrolls increases the probability of what we view as the most likely alternate scenario: ‘bad cuts,’ due to deterioration in the labor market,” Irigoyen wrote. “We view the combination of policies to be mildly stagflationary, with significant uncertainty regarding the size and timing of the impact on inflation and growth.”<\/p>\n \u2014 Sean Conlon<\/p>\n Mon, Aug 11 20254:07 PM EDT<\/p>\n Stocks fall across the board<\/p>\n Stocks fell across the board to end Monday’s session.<\/p>\n The Dow Jones Industrial Average<\/a> lost 200.52 points, or 0.45%, and closed at 43,975.09. The S&P 500<\/a> slipped 0.25% to end at 6,373.45, while the Nasdaq Composite<\/a> shed 0.3% to settle at 21,385.40.<\/p>\n \u2014 Lisa Kailai Han<\/p>\n","protected":false},"excerpt":{"rendered":"Tue, Aug 12 20254:27 AM EDT Asia-Pacific markets close mostly higher Asia-Pacific markets mostly closed higher Tuesday. 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