US-China tariff truce: Nikkei reaches record high, Asian stocks...

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2025-08-12 05:30:17 -

US-China tariff truce: Nikkei reaches record high, Asian stocks rise; crude gains

Asian stocks experienced gains, led by Japan's Nikkei reaching a record high, following the US-China tariff truce extension. This eased trade tensions and stabilised oil prices. Australia's index also hit a record high amid expectations of interest rate cuts. Investors are now focused on upcoming US consumer price inflation data and its potential impact on Federal Reserve rate cut expectations.

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