[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Neil Sethi [@neilksethi](/creator/twitter/neilksethi) on x 12.4K followers Created: 2025-07-23 13:05:05 UTC In Asia, the MSCI Asia Pacific Index shot +2% higher to the best close since June 2021 following the Japan/US trade deal announced Tuesday. Major regional equity indices also ended mostly higher led by Japan's Nikkei (+3.5%). Hong Kong's Hang Seng (+1.6%) pushed to the highest close since Oct '21 as did the Hang Seng China Enterprises Index. Japan's Nikkei: +3.5%, Hong Kong's Hang Seng: +1.6%, China's Shanghai Composite: UNCH, India's Sensex: +0.7%, South Korea's Kospi: +0.4%, Australia's ASX All Ordinaries: +0.7%. [Note: easier to read if you click into the post.] President Trump on social media announced a trade agreement had been reached with Japan setting tariffs on Japanese imports at XX% along with $550bn in investment in the US. Trump said in his post on Truth Social that Japan would “open their Country” to US automobile imports, as well as additional agricultural imports including rice, without specifying further details. Shares of Japanese automakers surged after the U.S. reportedly lowered its tariffs on autos from the country to XX% from 25%. Stocks of Japan’s Honda jumped 8.42%, while Toyota climbed 9.97%. Nissan jumped over 7%, and Mazda Motor surged over 16%. Mitsubishi Motors popped over 12%. Embattled Japanese Prime Minister Shigeru Ishiba denied reports that he plans to step down by August given the results of the upper house election, as was reported by the Mainichi newspaper. Bank of Japan Deputy Governor Shinichi Uchida indicated that the trade deal between Tokyo and Washington will nudge the central bank closer to a rate hike by boosting the prospects for suitable economic conditions. “Uncertainty has receded, and this of course means that the likelihood has risen” for economic forecasts to be met, Uchida said Wednesday at a press conference in Kochi, southwestern Japan. “But, uncertainty remains,” as other nations are still engaged in trade negotiations, and the actual impacts from tariffs remain to be monitored. The uncertainty surrounding Ishiba's future (and potential increased gov't spending) along with the finalizing of a US/Japan trade deal and BoJ Deputy Gov Uchida saying the deal means "likelihood has risen" for a rate hike all pressuring Japan's JGB sovereign bond market with a 40-yr bond auction today seeing its weakest demand since 2011. U.S. Treasury Secretary Scott Bessent on Tuesday told Fox Business that an Aug. XX deadline for China tariff negotiations was likely to be extended and that he was set to meet with Chinese officials Monday and Tuesday of next week in Stockholm. "We will be working out what is likely to be an extension...I think trade is in a very good place with China. We're going to be talking about a lot of other things are countries can do together, " he said. Those other things include efforts to persuade China to throttle back on manufacturing which has produced a glut of goods as well as addressing Beijing's purchases of sanctioned Russian and Iranian crude. "I think we've moved to a new level with China where it's very constructive...now that trade has settled in at a good level," he said. India’s economy remained largely resilient despite global uncertainties, due to a robust agricultural season, strong momentum in the services sector and modest industrial growth, the Reserve Bank of India said in its monthly bulletin. But BBG reports that investor hopes for an earnings revival in Indian stocks — one that could justify lofty stock equity valuations — are starting to look shaky. So far, only half of the XX Nifty companies with first-quarter profit estimates have managed to beat analyst forecasts, according to data compiled by Bloomberg. That’s much lower from the prior quarter, when more XX% had surpassed expectations at the same point in results season. Singapore’s headline inflation rate came in steady at XXX% in June, remaining at its lowest level in over four years. In economic data: Japan's May BoJ Core CPI XXX% yr/yr (expected 2.5%; last 2.5%) South Korea's July Consumer Confidence XXXXX (last 108.7) Singapore's June CPI -XXX% m/m (last 0.7%); XXX% yr/yr (expected 0.9%; last 0.8%). June Core CPI XXX% yr/yr (expected 0.7%; last 0.6%) Australia's June MI Leading Index XXX% m/m (last 0.1%)  XXXXX engagements  **Related Topics** [trade deal](/topic/trade-deal) [japan](/topic/japan) [donald trump](/topic/donald-trump) [china](/topic/china) [hang seng](/topic/hang-seng) [asia](/topic/asia) [Post Link](https://x.com/neilksethi/status/1948006452968190257)
[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]
Neil Sethi @neilksethi on x 12.4K followers
Created: 2025-07-23 13:05:05 UTC
In Asia, the MSCI Asia Pacific Index shot +2% higher to the best close since June 2021 following the Japan/US trade deal announced Tuesday. Major regional equity indices also ended mostly higher led by Japan's Nikkei (+3.5%). Hong Kong's Hang Seng (+1.6%) pushed to the highest close since Oct '21 as did the Hang Seng China Enterprises Index.
Japan's Nikkei: +3.5%, Hong Kong's Hang Seng: +1.6%, China's Shanghai Composite: UNCH, India's Sensex: +0.7%, South Korea's Kospi: +0.4%, Australia's ASX All Ordinaries: +0.7%.
[Note: easier to read if you click into the post.]
President Trump on social media announced a trade agreement had been reached with Japan setting tariffs on Japanese imports at XX% along with $550bn in investment in the US. Trump said in his post on Truth Social that Japan would “open their Country” to US automobile imports, as well as additional agricultural imports including rice, without specifying further details.
Shares of Japanese automakers surged after the U.S. reportedly lowered its tariffs on autos from the country to XX% from 25%. Stocks of Japan’s Honda jumped 8.42%, while Toyota climbed 9.97%. Nissan jumped over 7%, and Mazda Motor surged over 16%. Mitsubishi Motors popped over 12%.
Embattled Japanese Prime Minister Shigeru Ishiba denied reports that he plans to step down by August given the results of the upper house election, as was reported by the Mainichi newspaper.
Bank of Japan Deputy Governor Shinichi Uchida indicated that the trade deal between Tokyo and Washington will nudge the central bank closer to a rate hike by boosting the prospects for suitable economic conditions. “Uncertainty has receded, and this of course means that the likelihood has risen” for economic forecasts to be met, Uchida said Wednesday at a press conference in Kochi, southwestern Japan. “But, uncertainty remains,” as other nations are still engaged in trade negotiations, and the actual impacts from tariffs remain to be monitored.
The uncertainty surrounding Ishiba's future (and potential increased gov't spending) along with the finalizing of a US/Japan trade deal and BoJ Deputy Gov Uchida saying the deal means "likelihood has risen" for a rate hike all pressuring Japan's JGB sovereign bond market with a 40-yr bond auction today seeing its weakest demand since 2011.
U.S. Treasury Secretary Scott Bessent on Tuesday told Fox Business that an Aug. XX deadline for China tariff negotiations was likely to be extended and that he was set to meet with Chinese officials Monday and Tuesday of next week in Stockholm. "We will be working out what is likely to be an extension...I think trade is in a very good place with China. We're going to be talking about a lot of other things are countries can do together, " he said. Those other things include efforts to persuade China to throttle back on manufacturing which has produced a glut of goods as well as addressing Beijing's purchases of sanctioned Russian and Iranian crude. "I think we've moved to a new level with China where it's very constructive...now that trade has settled in at a good level," he said.
India’s economy remained largely resilient despite global uncertainties, due to a robust agricultural season, strong momentum in the services sector and modest industrial growth, the Reserve Bank of India said in its monthly bulletin.
But BBG reports that investor hopes for an earnings revival in Indian stocks — one that could justify lofty stock equity valuations — are starting to look shaky. So far, only half of the XX Nifty companies with first-quarter profit estimates have managed to beat analyst forecasts, according to data compiled by Bloomberg. That’s much lower from the prior quarter, when more XX% had surpassed expectations at the same point in results season.
Singapore’s headline inflation rate came in steady at XXX% in June, remaining at its lowest level in over four years.
In economic data:
Japan's May BoJ Core CPI XXX% yr/yr (expected 2.5%; last 2.5%)
South Korea's July Consumer Confidence XXXXX (last 108.7)
Singapore's June CPI -XXX% m/m (last 0.7%); XXX% yr/yr (expected 0.9%; last 0.8%). June Core CPI XXX% yr/yr (expected 0.7%; last 0.6%)
Australia's June MI Leading Index XXX% m/m (last 0.1%)
XXXXX engagements
Related Topics trade deal japan donald trump china hang seng asia