Asian Shares Rise Ahead of US Tariff Deadline, Inflation Data

Asian shares showed modest gains ahead of a critical U.S. tariff deadline with President Donald Trump expected to decide whether to extend the truce with China on tariffs, a move closely watched by global markets due to its economic implications. Technology stocks remained strong, supported by robust earnings from major companies like Nvidia and Apple, while concerns over tariffs potentially impacting corporate profits linger. Investors are cautiously awaiting key U.S. economic data, particularly the upcoming inflation report, which is expected to influence Federal Reserve monetary policy amid fears of stagflation and recession risks. The Federal Reserve is widely expected to begin easing interest rates in September to support growth, despite inflation concerns fueled partly by tariffs. Additionally, geopolitical developments, including an upcoming meeting between Trump and Russian President Vladimir Putin, add to market uncertainty. Commodity markets saw declines in oil prices ahead of the US-Russia talks, while Chinese lithium stocks gained after a major mine suspension eased oversupply fears.