Asian equities rallied despite new US tariff letters, with the Hang Seng up 0.7% and KOSPI 200 surging 2%, as markets shrugged off Trump’s warnings amid an extended deadline to 1 August. The AUD/USD rebounded above its 20-day moving average, boosted by surprise from the RBA holding rates steady. Gold steadied above key support after a brief pullback.
08-07-2025 07:12 GMT
by Kelvin Wong