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Bloomberg
21 minutes ago
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Trump Says US Close to Trade Deal With China
President Donald Trump's threatened tariffs, which has left officials in New Delhi feeling unsure of how to respond. Meanwhile, US President Donald Trump has said he is 'getting very close to a deal' with China to extend the trade truce between the two countries. Bloomberg's Swati Pandey and Romy Varghese break down what we know on The Asia Trade. (Source: Bloomberg)


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Indonesian Stocks Near Record High, Unfazed by Foreign Selling
Indonesian stocks are closing in on an all-time high as booming domestic demand offsets a deluge of foreign outflows. Foreign investors have sold a net $3.8 billion in local shares so far this year, on track for their largest annual outflow ever, according to Bloomberg-compiled data. Despite the exodus, the Jakarta Composite Index has rallied 26% from an April low and is approaching its record high set in September.


Bloomberg
23 minutes ago
- Bloomberg
Bloomberg Daybreak Asia: US-China Trade Truce Hopes; Monetary Policy in Focus
US President Donald Trump said Tuesday that tariffs on semiconductor and pharmaceutical imports would be announced "within the next week or so," as the administration prepares to target key economic sectors in its effort to remake global trade. Trump also added that he was "getting very close to a deal" with China to extend the trade truce that saw the two countries agree to reduce tit-for-tat tariff hikes and ease export restrictions on rare earth magnets and certain technologies. For more, we hear from Jill Disis, Bloomberg News Desk Editor in Hong Kong. Plus - the S&P 500 was on the brink of all-time highs on Tuesday, before losing steam. In late hours, Advanced Micro Devices gave a stronger-than-expected sales forecast, but warned that its access to the crucial China market remains uncertain. The pullback highlights investor anxiety over the Fed's next move, with economic data complicating the central bank's balancing act between controlling inflation and sustaining growth. Stocks had rallied in the prior session amid growing bets on potential rate cuts after weak jobs data last week. We get perspective from Vishnu Varathan, Head of Economics and Strategy at Mizuho Bank. He speaks with Bloomberg's Heidi Stroud-Watts and Haslinda Amin on The Asia Trade.