Asian stocks rise on trade hopes; oil steadies after OPEC+ hike
Tuesday, 8 July 2025 () Asian equities saw modest gains as investor sentiment was buoyed by Trump's softened stance on tariff hikes, hinting at potential negotiations. Oil prices stabilized after an earlier surge, influenced by trade uncertainties and OPEC+'s increased output. Despite ongoing trade jitters and cautious optimism, markets remain alert to potential volatility.
President Trump has announced the finalization of a major trade agreement with China, declaring "It's done." The deal includes upfront rare earth mineral supplies from China, a long-standing sticking..