A trader works, as screens broadcast a press conference by U.S. Federal Reserve Chair Jerome Powell following the Fed rate announcement, on the floor of the NYSE in New York, US, July 30, 2025. — ReutersGlobal companies so far project $15 bln tariff hit in 2025.S&P 500…
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Asia stocks surge, oil falls on hopes of US-Iran ceasefire deal
A file photo of of an oil pump jack. — AFP
Primary US benchmark West Texas Intermediate shaves below $88 a barrel.Tokyo, Seoul and Taipei stock exchanges surge by more than 2%.Hong Kong’s gains more muted, while Shanghai’s main benchmark loses 0.4%.