Latest Business News
Asian stocks ease as investors weigh Iran war risks and Trump-Xi talks
Asian equities mostly drifted lower after South Korea’s Kospi hit a record high, as traders balanced optimism from Wall Street against escalating geopolitical uncertainty. Futures in the U.S. also edged down as markets watched developments from the Iran war and President Donald Trump’s summit in Beijing with Xi Jinping.
Oil prices climb as Iran war disruptions threaten global supply
Brent crude and U.S. crude rose sharply after U.S.-Iran talks stalled and reports emerged of attacks on shipping near the UAE and Oman. Supply worries intensified as the Strait of Hormuz remained largely closed, keeping energy markets on edge.
Wall Street sets fresh records, led by tech gains and strong earnings
U.S. stocks advanced on Thursday, with the S&P 500, Dow Jones Industrial Average, and Nasdaq all closing at or near record highs. The rally was supported by stronger-than-expected results from Cisco and optimism around Nvidia’s chip sales prospects tied to Trump’s China trip.
Cisco jumps after earnings beat and smaller-than-expected layoffs
Cisco shares surged 13.4% after the networking giant reported better-than-expected results and said it would cut fewer than 4,000 jobs. The response suggests investors are rewarding cost discipline alongside resilient demand in enterprise tech.
Nvidia rises on hopes for China chip sales update
Nvidia climbed 4.4% as investors looked for signs of progress on sales of its H200 chips to Chinese firms during Jensen Huang’s visit to Beijing with Trump. The move reflects how closely markets are tracking U.S.-China technology policy and export opportunities.
Trump and Xi agree the Strait of Hormuz must remain open
After their bilateral meeting in Beijing, the White House said both leaders agreed the Strait of Hormuz must stay open. The statement was a notable diplomatic signal as energy markets remain highly sensitive to shipping disruptions in the region.
China urges reopening of Hormuz amid shipping concerns
Bloomberg’s coverage highlighted Beijing’s push for restoring access through the Strait of Hormuz as tensions disrupted global trade flows. The topic has become central to China’s energy security and broader diplomatic positioning during the Trump visit.
Xi warns Trump that Taiwan missteps could trigger conflict
Euronews reported that Xi Jinping cautioned Trump that mistakes over Taiwan could push the two countries toward a dangerous confrontation. The warning underscores how Taiwan remains one of the biggest flashpoints in U.S.-China relations.
Trump says China will not supply military equipment to Iran
According to Euronews, Trump said Beijing provided assurances that it would not send military equipment to Iran, while still planning to buy Iranian oil. The comments come as Washington seeks to contain the widening regional fallout from the Iran war.
China and the U.S. announce trade-related steps after summit
Euronews said Trump announced a deal for China to buy 200 Boeing jets, a move expected to support American jobs. The summit also reportedly included talks on a mechanism to handle disputes in technology and agriculture, showing that trade remains a major diplomatic focus.
Bond markets under pressure as yields rise and inflation worries return
Bloomberg’s market discussion said bond yields were climbing across major markets, with investors focused on inflation pressure and the spillover from higher oil prices. Strong U.S. and Japan data, plus continued Middle East conflict, are adding to concerns about the policy outlook.