{"id":70274,"date":"2025-05-13T16:32:20","date_gmt":"2025-05-13T06:32:20","guid":{"rendered":"https:\/\/www.icmarkets-vni.com\/blog\/?p=70274"},"modified":"2025-08-05T19:32:03","modified_gmt":"2025-08-05T09:32:03","slug":"tuesday-13th-may-2025-asia-pacific-markets-mixed-as-u-s-china-trade-deal-spurs-global-rally","status":"publish","type":"post","link":"https:\/\/www.icmarkets-vnk.com\/blog\/tuesday-13th-may-2025-asia-pacific-markets-mixed-as-u-s-china-trade-deal-spurs-global-rally\/","title":{"rendered":"Tuesday 13th May 2025: Asia-Pacific Markets Mixed as U.S.-China Trade Deal Spurs Global Rally"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><br \/>Global Markets:<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>&nbsp;Asian Stock Markets : Nikkei up 1.74%, Shanghai Composite up 0.2%, Hang Seng down 1.5% ASX up 0.51%<\/li>\n\n\n\n<li>Commodities : Gold at $3252.35 (0.79%), Silver at $33.58 (1.69%), Brent Oil at $64.8 (-0.29%), WTI Oil at $61.7 (-0.29%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.453, UK 10-year yield at 4.6425, Germany 10-year yield at 2.6565<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">News &amp; Data:<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>(USD) Federal Budget Balance 258.4B&nbsp; to 256.4B&nbsp; expected<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Markets Update:<\/h3>\n\n\n\n<p>Asia-Pacific markets were mixed on Tuesday following a strong rally on Wall Street driven by a surprise U.S.-China trade deal. The agreement includes a 90-day pause on tariffs and a reduction in reciprocal tariffs by 115 percentage points. This unexpected move boosted global market sentiment, with analysts at Japanese investment bank Nomura upgrading Chinese equities to a \u201ctactical overweight.\u201d Chetan Seth, Asia-Pacific equity strategist at Nomura, noted that the scale of the tariff cut exceeded expectations and would likely support short-term market optimism. To fund the upgrade in Chinese stocks, Nomura reduced its overweight position on India.<\/p>\n\n\n\n<p>Despite the positive trade news, Hong Kong markets declined, with the Hang Seng Index falling 1.74% and the Tech Index down 3.06%, reversing gains from the previous session. Mainland China&#8217;s CSI 300 remained flat. Indian markets also dipped, with the Nifty 50 and BSE Sensex down 0.34% and 0.39%, respectively, despite strong gains the day before due to optimism over the India-Pakistan ceasefire.<\/p>\n\n\n\n<p>Japan\u2019s Nikkei 225 jumped 1.71%, and the broader Topix gained 1.28%. South Korea\u2019s Kospi was flat, while the Kosdaq rose 1.15%. In Australia, the S&amp;P\/ASX 200 added 0.51%.<\/p>\n\n\n\n<p>In the U.S., stock futures dipped slightly after a major rally. The Dow surged 1,160.72 points (2.81%) to 42,410.10. The S&amp;P 500 rose 3.26%, cutting its year-to-date loss to 0.6%. The Nasdaq jumped 4.35% to 18,708.34, led by tech giants like Tesla and Apple benefiting from reduced China-related risks.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Upcoming Events:&nbsp;<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>12:30 PM GMT &#8211; USD Core CPI m\/m<\/li>\n\n\n\n<li>12:30 PM GMT &#8211; USD CPI m\/m<\/li>\n\n\n\n<li>12:30 PM GMT &#8211; USD CPI y\/y<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: Asia-Pacific markets were mixed [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":71231,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[196,215,339],"tags":[],"class_list":["post-70274","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fundamental-analysis","category-market-analysis","category-recent-posts"],"_links":{"self":[{"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/posts\/70274","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/comments?post=70274"}],"version-history":[{"count":2,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/posts\/70274\/revisions"}],"predecessor-version":[{"id":70284,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/posts\/70274\/revisions\/70284"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/media\/71231"}],"wp:attachment":[{"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/media?parent=70274"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/categories?post=70274"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/tags?post=70274"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}