Asia Market Update: US Tariffs Resurface, Nike Drops Chinese Sellers, Iran Ceasefire Hopes
Trade tensions return as Nike severs ties with Chinese online retailers. Meanwhile, China's foreign minister is set to meet US Secretary of State Rubio, Iran attacks continue with ceasefire signs, and Google and Tesla earnings loom.
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US trade tariffs are back in focus, stirring risk aversion in Asian markets. Nike has cut off its Chinese online sellers, a move that amplifies trade friction.
Geopolitical developments include a planned meeting between China's Foreign Minister and US Secretary of State Rubio, while Iran's attacks persist amid faint ceasefire signals.
Investors also await earnings from Google and Tesla, which could set the tone for tech and growth stocks.
Source: FXStreet Forex News