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Sunset country of airy trails postulation speeds done an intersection successful Gangnam halfway concern territory of Seoul astatine Seoul city, South Korea
Mongkol Chuewong | Moment | Getty Images
South Korea avoids method recession arsenic GDP expands 0.6% successful 2nd quarter
South Korea avoided a method recession arsenic its system expanded by 0.6% from the erstwhile quarter, beating expectations, according to beforehand estimates.
This was higher than the 0.5% expected by economists polled by Reuters, and a reversal from the 0.2% contraction seen successful the archetypal quarter.
On a year-over-year basis, the country's GDP roseate 0.5%, up from 0% successful the archetypal 4th and higher than a 0.4% enlargement expected by the Reuters poll.
Total consumption, which includes backstage and authorities expenditure, accrued 0.7% from the erstwhile quarter, a stronger showing compared to the 0.1% contraction seen successful the archetypal 3 months of the year.
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— Lim Hui Jie
Asia-Pacific markets acceptable to commencement the time mostly higher
Good greeting from Singapore! Asia markets were poised for a mostly higher open.
Japan's benchmark Nikkei 225 was acceptable to commencement the trading time higher, with the futures declaration successful Chicago astatine 41,745 and its counterpart successful Osaka astatine 41,730, against the index's past adjacent astatine 41,171.32.
Futures for Hong Kong's Hang Seng index stood astatine 25,540, pointing to a marginally stronger unfastened compared with the HSI's past adjacent of 25,538.07.
Conversely, Australia's S&P/ASX 200 was connected way to commencement the time little with futures tied to the benchmark astatine 8,721, compared with its past adjacent of 8,737.2.
— Lee Ying Shan
Stocks decorativeness Wednesday's league successful the green
Stocks ended the league higher connected Wednesday, with the S&P 500 finishing with its 3rd consecutive grounds closing precocious this week.
The wide marketplace scale gained 0.78% to adjacent astatine 6,358.91.
Additionally, the blue-chip Dow Jones Industrial Average moved 507.85 points higher, oregon 1.14%, to extremity the league astatine 45,010.29. The tech-heavy Nasdaq Composite besides jumped 0.61% to decorativeness astatine 21,020.02, its archetypal adjacent supra the 21,000 level.
— Sean Conlon
U.S.-Japan commercialized woody could wounded Japan's economy, UBS says
U.S. Secretary of the Treasury Scott Bessent gestures arsenic Japan's Economic Revitalization Minister Ryosei Akazawa looks connected the time they sojourn U.S. pavilion astatine Expo 2025 successful Osaka, Japan, July 19, 2025.
Kim Kyung-hoon | Reuters
Although the trade woody betwixt the U.S. and Japan turned retired to beryllium amended than the marketplace expected, it mightiness inactive origin immoderate harm to Japan's economy, according to UBS.
"The 15% tariff volition inactive apt pb to declines successful exports and firm earnings, and the resulting stagnation successful superior concern and depletion volition apt proceed to exert downward unit connected the Japanese system by astir 0.4 percent points twelvemonth implicit year, successful our view," expert Chisa Kobayashi wrote connected Wednesday.
Along with that, Kobayashi said that she does not expect the Bank of Japan to hike involvement rates this year, adding that she anticipates that the adjacent complaint hike volition beryllium "only beryllium aft mid-2026."
— Sean Conlon
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