Asian markets close in red after new US trade deals; Kospi drops 0.9%
Wednesday, 16 July 2025 ()
Asian markets traded mostly lower on Wednesday as investors dialed back expectations for imminent Federal Reserve rate cuts after mixed US inflation data. The cautious sentiment was also backed by the trade deal US President Donald Trump announced with Indonesia. As per the agreement, the exporters from Indonesia will face 19% tariffs for their shipments […]
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