JKB Financial Services Ltd.

As on : 18-Jul-2025

Market Commentary - Foreign Markets
18-Jul-2025 16:35

China's Shanghai Composite index hits thre year high

Asian stocks gave up early gains to end mixed on Friday as tariff-related worries offset encouraging tech earnings and positive U.S. economic data.

The dollar index pulled back slightly after Federal Reserve Governor Christopher Waller said policymakers should cut interest rates this month to counter rising growth and job market risks.

Gold edged up slightly on dollar weakness while oil held a gain on brewing Middle East tensions and data signaling strong U.S. demand.

China's Shanghai Composite index rose half a percent to 3,534.48 amid expectations the government may roll out more stimulus to boost domestic demand.

Meanwhile, according to a statement from the Chinese commerce ministry released today, China has called on the United States to abandon zero-sum thinking and continue to lift unjustified trade and economic restrictions.

Hong Kong's Hang Seng index rallied 1.33 percent to 24,825.66 buoyed by a positive outlook from Taiwan Semiconductor and strong earnings from Netflix. Chinese Shanghai Composite index and Hong Kong's Hang Seng index both hit three-year highs today.

GET IN TOUCH