South Korean assets plunged to session lows after President Donald Trump announced a 25% tariff on the nation’s goods, ratcheting up tension with one of the most important trading partners to the US. The pricing move staved off a rout in oil after a simultaneous decision by eight OPEC+ nations to increase supply more rapidly than expected, adding 548,000 barrels a day in August, with more expected in September. The yield on the 2-year Treasury note rose to 3.9%, while the 10-year yield was up to 4.39%. Andrew Brenner, head of international fixed income at NatAlliance Securities, wrote that bonds were under pressure after Trump signed his tax bill into law with markets closed on Friday. The major indexes cut a small chunk of their declines in the final 15 minutes of trading.
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US stock market steadied Tuesday as Trump’s tariff deadline delay gave investors hope for new global trade deals. The Dow Jones, S&P 500, and Nasdaq futures showed modest movement after Trump extended the July 9 tariff start date to August 1, offering trading partners more time to negotiate. Countries like South Korea, Malaysia, and Indonesia now have breathing space to respond. While markets remain cautious, the delay sparked optimism that Trump’s firm-yet-flexible stance may open the door for diplomatic progress.
- White House press secretary Karoline Leavitt said that 14 letters will be sent on Monday, with more to be expected in the following days.
- On the flip side, any deals that reduce the levies will be welcomed by Wall Street.
- The won plunged as much as 1.1% to trade at 1,378 per dollar, the lowest in two weeks, after Trump announced the trade levy in a social media post.
US Stock Market Futures – July 8, 2025
- The Federal Reserve can’t assume its benchmark lending rate won’t return to zero at some point in the future, according to a group of New York Fed researchers including the bank’s president, John Williams.
- European natural gas prices edged higher as traders eyed US President Donald Trump’s fast-approaching tariff deadline and the impact levies will have on global economic activity.
- The move is part of Trump’s rush to overhaul US trade policies that have served as a steady source of uncertainty for markets, which has helped bolster demand for gold, a safe-haven asset.
- “Network data show national connectivity at 62% of ordinary levels” after the fire was reported, it said in a post on X.
- The US-listed shares of South Korean companies SK Telecom and LG Display slid in midday trading following President Donald Trump’s announcement of 25% on the country.
“Network data show national connectivity at 62% of ordinary levels” after the fire was reported, it said in a post on X. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc. With the trade war back in focus this week, investors are wondering Trump will once again ease his toughest tariff talk and avoid roiling stocks. That’s 17% more than the same month last year, signalling that at least part of the increase was the result of higher volume given prices rose 11% on average over the same period. Stocks fell Monday as traders weighed the latest developments on the trade front to start the week.
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US-traded shares of Toyota Motor dropped more than 4%, while Honda Motor shares slid nearly 4%. Shares of LG Display, the maker of organic light-emitting diode display (OLED) products for notebooks and other electronics under LG Electronics, were down by more than 6%. The greenback strengthened 0.6% against a basket of peers in afternoon trading in New York, picking up steam after Trump moved to impose 25% levies on goods from Japan and South Korea. “We are grateful that Samsung will address Epic’s concerns,” Epic Chief Executive Officer Tim Sweeney said in a post on X. He didn’t elaborate and an Epic spokesperson declined to offer further comment, while a Samsung spokesperson referred to Sweeney’s post.
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Trump shared screenshots of signed form letters to the leaders of South Korea, Japan, Malaysia, Kazakhstan, South Africa, Laos and Myanmar, that dictated new tariff rates for each nation. There isn’t much on the economic calendar this week, so stocks may struggle in the sessions ahead if the White House continues to throw around tariff threats. On the flip side, any deals that reduce the levies will be welcomed by Wall Street. Trump renewed his threat to hit major trading partners, sending stock markets tumbling. The authors, in a blog post published Monday, found a 9% probability the federal funds rate would hit the so-called zero lower bound, or ZLB, over a seven-year horizon, with the current high level of interest-rate uncertainty contributing to that risk. Netblocks, a London-based internet watchdog organization, said a “major” disruption had been registered in Egypt.
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The shares included in it are weighted according to price; the index level represents the average of the shares included in it. Chilean copper mines had their best month of export revenue in more than three years in June, with the increase in value outstripping price gains in a sign of rising production. The chief executive officer announced over the weekend that he’ll take on Republicans and Democrats with the “America Party,” focusing on House and Senate seats for the next 12 months. After that, backing a candidate for president isn’t out of the question, Musk wrote on X. His remarks came just days after New York City mayoral frontrunner Zohran Mamdani, a state assemblyman from Queens, vowed to sever all ties between city agencies and ICE if elected in November.
“In the S&P 500, 57.2% of stocks were overbought coming into today. That is at the very top of the range this reading has been in over the last year. Don’t be surprised to see further downside mean reversion until these overbought levels get worked off.” Benchmark futures added 0.5% on Monday, after posting a small weekly gain through Friday. The US is preparing to start delivering letters to dozens of countries in the coming days, with the Trump administration’s 90-day pause on higher duties set to expire on Wednesday. Copper and other industrial metals extended losses after US President Donald Trump injected fresh uncertainty into his trade agenda with a pledge to impose a 10% tariff on countries aligned with the BRICS bloc of nations. The won plunged as much as 1.1% to trade at 1,378 per dollar, the lowest in two weeks, after Trump how to invest in startups and equity crowdfunding like an angel investor announced the trade levy in a social media post.
“Staying on the present course would undermine U.S. economic growth, national security, and leadership in emerging technologies,” it said. The duty would be charged on top of any other tariffs and there would be no exceptions to the policy, Trump said in a Sunday-night post on Truth Social. BRICS is a grouping that includes Brazil, China, South Africa and India. The US-listed shares of South Korean companies SK Telecom and LG Display slid in midday trading following President Donald Trump’s announcement of 25% on the country. The main takeaway from Trump’s tariff letters is that a July 9 deadline to negotiate the original tariffs will be pushed back to Aug. 1. The market surged nearly 30% from its lows as Trump walked back his tariffs.
Shares of telecommunications company SK Telecom — which is part of SK Group, one of South Korea’s largest conglomerates — fell more than 7%. The Bloomberg Dollar Spot Index hit its highest level since June 26 and most global currencies slumped, with Japan’s yen and South Korea’s won sinking more than 1%. Brazilian President Luiz Inacio Lula da Silva joined South Africa in blasting Donald Trump for his threat to slap extra tariffs against the BRICS, escalating a spat with the US leader during the final day of hosting the 10-member group. Epic Games Inc. settled its antitrust case against Samsung Electronics Co. that alleged the company was conspiring with Alphabet Inc.’s Google to block rival app marketplaces through default settings on mobile devices sold by the electronics giant. The fire began on the seventh floor of the 10-story telecom building in the capital’s downtown, Egypt’s state-run news agency MENA reported. It cited a security official as saying preliminary examination indicated the fire was likely caused by an electrical short circuit.
Shares for the $4.95 billion iShares MSCI South Korea (EWY) fell 3.6%, the most since April. Figma Inc.’s expected US initial public offering is shaping up as a potential summer blockbuster first-time stock sale, as investors look to back a rare debut from a fast-growing software company. Imports from at least seven countries will face steep tariffs beginning Aug. 1, Trump revealed in a series of Truth Social posts on Monday.
Nvidia was slightly lower, while Apple, Alphabet and AMD shed over 2%. The inclusion of a company in the Dow Jones Industrial Average does not depend on defined criteria. Instead, an independent Wall Street Journal commission decides whether a share is to be included or excluded.
If he simply brings them back in full, the major indexes have shown how far they can fall. Please bear with us as we address this and restore your personalized lists. The country that accounts for about a quarter of the world’s mined copper shipped $4.7 billion worth of the metal last month, the biggest haul since December of 2021, according to data released by the Chilean central bank on Monday. Treasury Secretary Scott Bessent said Monday on CNBC’s “Squawk Box” that there would be several trade announcements over the next 48 hours, adding that he expects “it’s going to be a busy couple of days.” However, Bessent did not specify which countries would be involved. Both letters say that the 25% tariffs are separate from additional sector-specific duties on key product categories. Trump, in a pair of Truth Social posts, shared screenshots of letters apparently sent to Japanese Prime Minister Ishiba Shigeru and South Korean President Lee Jae-myung dictating the new tariff rates.
The move is part of Trump’s rush to overhaul US trade policies that have served as a steady source of uncertainty for markets, which has helped bolster demand for gold, a safe-haven asset. The two Asian nations now have a narrow three-week window to open their markets to American products and manufacture more in the US to avoid his unilateral levies. Stocks sold off to start the week on Monday (July 7) after President Donald Trump posted letters to countries indicating new tariffs on imported goods. “Regardless of the news, the market came into this week trading very extended,” writes Bespoke Investment Group’s Justin Walters.
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Representatives of Google didn’t immediately respond to a request for comment. “It’s the kind of profile that commands a premium, even as the broader application software market becomes more selective,” Miner said in an interview with Bloomberg News. The regulator didn’t detail the scope of what it described as a “temporary” outage of telecommunication services. The US State Department is revoking the foreign terrorist designation of an Islamist rebel group that played a key role in the downfall of Bashar Al-Assad’s regime in Syria, a week after President Donald Trump ordered the termination of sanctions on the country. Shares of Toyota Motor and Honda Motor fell 4% following Trump’s posts.
