Asian Markets Steady as India-US Trade Deal Sparks Rally
Asian markets traded stable as a major India–US trade deal lifted investor sentiment across the region. The agreement, announced by Donald Trump, includes tariff cuts on Indian goods, triggering a sharp jump in Indian stocks and strengthening the Indian rupee.
A key highlight of the deal is India’s decision to stop buying Russian oil, a move with potential global energy and geopolitical implications.
Aviation Stocks in Focus
IndiGo CEO Pieter Elbers said global trade agreements are accelerating airline growth, with IndiGo targeting 40% international operations by 2030.
Meanwhile, IATA chief Willie Walsh confirmed air travel demand remains strong despite higher fuel costs and Russian airspace restrictions.
Australia Surprises With Rate Hike
Defying global trends, the Reserve Bank of Australia raised interest rates by 25 bps to 3.85%, citing stubborn inflation. Most major central banks are currently pausing or cutting rates.
Business Jet Demand Booms in Asia
Gulfstream reported surging demand for business jets in India and Southeast Asia, although certification delays in Canada could slow near-term deliveries.
Indonesia Seeks Balanced US Trade Deal
Indonesia is pushing for a fair trade agreement with the US, while diversifying partners to reduce risks amid global uncertainty, said former trade minister Mari Pangestu.