{"id":62382,"date":"2025-07-28T08:35:05","date_gmt":"2025-07-28T08:35:05","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2025\/07\/28\/asian-shares-rise-on-trade-optimism-nikkei-underperforms\/"},"modified":"2025-07-28T08:35:05","modified_gmt":"2025-07-28T08:35:05","slug":"asian-shares-rise-on-trade-optimism-nikkei-underperforms","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2025\/07\/28\/asian-shares-rise-on-trade-optimism-nikkei-underperforms\/","title":{"rendered":"Asian Shares Rise On Trade Optimism; Nikkei Underperforms"},"content":{"rendered":"
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Asian shares rose broadly on Monday, though Japanese markets<\/span> fell sharply due to profit taking after last week’s rally. <\/p>\n

Underlying sentiment remained supported somewhat as the EU and the U.S. struck a last-minute trade agreement and reports suggested the U.S. and China are likely to extend their tariff truce for another 90 days.<\/p>\n

The EU-U.S. agreement includes a 15 percent tariff on EU goods, down from the 30 percent originally proposed.<\/p>\n

The EU has committed to purchasing $750 billion worth of U.S. energy and investing $600 billion more into the American economy<\/span> as part of the agreement. <\/p>\n

The dollar index held near a one-week high ahead of a busy week for markets, with key data releases, the Federal Reserve’s interest-rate decision and earnings reports from major tech companies awaited. <\/p>\n

Magnificent Seven members Apple Inc., Amazon.com Inc., Microsoft Corp. and Meta Platforms Inc. are all due to report their numbers this week.<\/p>\n

Gold held steady near $3,340 per ounce in Asian trade while oil prices climbed on optimism that the U.S.-EU trade deal could boost economic activity and lift energy demand.<\/p>\n

China’s Shanghai Composite index edged up by 0.12 percent to 3,597.94 ahead of U.S.-China talks in Stockholm to resolve trade tensions and extend the truce before it expires on August 12.<\/p>\n

Investors shrugged off data that showed China’s industrial earnings fell for a second straight month in June. <\/p>\n

Hong Kong’s Hang Seng index rose 0.68 percent to 25,562.13 as concerns about a potentially painful trade war eased.<\/p>\n

Japanese markets fell sharply as investors looked ahead to the Bank of Japan’s rate decision on Thursday for hints about the near-term rate outlook.<\/p>\n

Traders also shifted their focus to domestic corporate earnings and pondered the implications of the U.S.-Japan trade deal. <\/p>\n

The Nikkei average tumbled 1.10 percent to 40,998.27 while the broader Topix index settled 0.72 percent lower at 2,930.73. <\/p>\n

Chip-related shares paced the decliners, with Advantest and Screen Holdings plummeting 9-10 percent. Robot maker Fanuc soared 5 percent after its quarterly operating profit jumped nearly 30 percent.<\/p>\n

Seoul stocks ended higher for a fourth day running, with the Kospi average rising 0.42 percent to 3,209.52. <\/p>\n

Samsung Electronics surged 6.8 percent after announcing a $16.5 billion chip supply deal with U.S. tech giant Tesla. <\/p>\n

Australian markets eked out modest gains, led by banks as falling iron ore and copper prices weighed on the mining sector. <\/p>\n

The benchmark S&P\/ASX 200 rose 0.36 percent to 8,697.70 while the broader All Ordinaries index closed 0.33 percent higher at 8,963.50.<\/p>\n

Boss Energy shares plummeted 44 percent after the company flagged operational challenges at its flagship Honeymoon uranium project in South Australia.<\/p>\n

Across the Tasman, New Zealand’s benchmark S&P\/NZX-50 index ended 0.45 percent higher at 12,910.74, extending gains for a third straight session. <\/p>\n

U.S. stocks rose Friday on the back of strong earnings, hopes for more U.S. trade deals and easing Fed independence fears.<\/p>\n

The tech-heavy Nasdaq Composite inched up 0.2 percent and the S&P 500 added 0.4 percent to reach new record closing highs while the narrower Dow gained half a percent. <\/p>\n<\/p>\n

Business News<\/p>\n<\/div>\n