TaxTMI 
TaxTMI 
TaxTMI 
Asian shares mostly higher after US stocks hit another record as Tesla, Nike rally
X X X X Extracts X X X X
X X X X Extracts X X X X
....sian shares mostly higher after US stocks hit another record as Tesla, Nike rally<BR>PTI News<BR>Dated:- 3-7-2025<BR>PTI<BR>Manila, Jul 3 (AP) Asian shares mostly gained on Thursday after US stocks hit another all-time high. US futures edged up while oil prices fell. Tokyo's Nikkei 225 inched up 0.1 per cent to 39,794.16. In South Korea, the Kospi added 1 per cent to 3,106.46, while Australia's ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....S and P/ASX 200 was down 0.1 per cent to 8,589.30. The Hong Kong's Hang Seng index lost 1 per cent to 23,976.41. The Shanghai Composite index edged up 0.1 per cent to 3,57.36. Taiwan's TAIEX surged 1.4 pe cent while India's Sensex rose 0.3 per cent. Mizuho Bank, Ltd., in a commentary, said there is lopsided optimism about Vietnam's deal with the US, with Vietnamese imports subject to 20 per cen....
X X X X Extracts X X X X
X X X X Extracts X X X X
....t tariffs in return for 0 per cent tariffs on US goods. “A higher 40 per cent tariff on goods deemed to be transshipped via Vietnam could accentuate risks to and from China,” it said, adding that “other Asian economies will be particularly vulnerable to a two-sided geoeconomic squeeze given that their reliance on both China and US are significant.” President Donald Trump said on Wednesd....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ay that he reached a deal with Vietnam, where US products sold in the country will face zero tariffs and Vietnamese-made goods will face a US tariff of 20 per cent. That helped companies that import lots of things from Vietnam, including Nike, whose stock rose 4.1 per cent. Factories in Vietnam made half of all Nike brand footwear in its fiscal year of 2024. The S and P 500 rose 0.5 per cent and....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... set a record for the third time in four days. The Dow Jones Industrial Average edged down by 10 points, or less than 0.1 per cent, and the Nasdaq composite gained 0.9 per cent. Tesla helped drive the market higher and rose 5 per cent after saying it delivered nearly 374,000 of its Model 3 and Model Y automobiles last quarter. That was better than analysts expected, though the electric-vehicle ma....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ker's overall sales fell 13 per cent from a year earlier. Worries have been high that CEO Elon Musk's involvement in politics is turning off potential Tesla buyers. Constellation Brands climbed 4.5 per cent despite reporting a weaker profit for the latest quarter than analysts expected. It pointed to slowing growth for jobs in the construction industry and other “4000 calorie+” sectors, whic....
X X X X Extracts X X X X
X X X X Extracts X X X X
....h tends to hurt demand for its beer. But the company selling Modelo beer and Robert Mondavi wine nevertheless stuck with its financial forecasts for the full upcoming year. They helped offset a 40.4 per cent drop for Centene. The health care company withdrew its forecasts for profit this year after seeing data that suggests worse-than-expected sickness trends in many of the states where it does ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....business. It was the worst day for the stock since its debut in 2001. All told, the S and P 500 rose 29.41 points to 6,227.42. The Dow Jones Industrial Average slipped 10.52 to 44,484.42, and the Nasdaq composite climbed 190.24 to 20,393.13. In the bond market, Treasury yields were mixed ahead of a highly anticipated report on Thursday, which will show how many jobs US employers created and dest....
X X X X Extracts X X X X
X X X X Extracts X X X X
....royed last month. The widespread expectation is that they hired more people than they fired but that the pace of hiring slowed from May. A stunningly weak report released Wednesday morning raised worries that Thursday's report may fall short. The data from ADP suggested that US employers outside the government cut 33,000 jobs from their payrolls last month, when economists were expecting to see g....
X X X X Extracts X X X X
X X X X Extracts X X X X
....rowth of 115,000 jobs. The ADP report does not have a perfect track record predicting what the US government's more comprehensive jobs report will say each month. That preserves hope that Thursday's data could be more encouraging. But a fear has been that uncertainty around President Donald Trump's tariffs could cause employers to freeze their hiring. Many of Trump's stiff proposed taxes on impo....
X X X X Extracts X X X X
X X X X Extracts X X X X
....rts are currently on pause, and they're scheduled to kick into effect in about a week. Unless Trump reaches deals with other countries to lower the tariffs, they could hurt the economy and worsen inflation. Other factors could also be dragging on the job market, such as the US government's termination of protected status for 350,000 Venezuelans, potentially exposing them to deportation. That alon....
X X X X Extracts X X X X
X X X X Extracts X X X X
....e could create a drag on payrolls of 25,000 jobs, according to Goldman Sachs economist David Mericle, whose forecast for Thursday's report is weaker than many of his peers. In other dealings on Thursday, the benchmark US crude lost 45 cents to USD 67, while Brent crude, the international standard, shed 47 cents to USD 68.64. The dollar was trading at 143.77 Japanese yen, up from 143.65 yen. The e....
X X X X Extracts X X X X
X X X X Extracts X X X X
....uro was unchanged at USD 1.1790. (AP)<BR> News - Press release - PIB....