Today's News Update - 5th Feb 2025 Asia Asia-Pacific markets rose Tuesday after Donald Trump delayed tariffs on Mexico for a month, and Canada confirmed the U.S. president had postponed tariffs on its exports. Hong Kong's Hang Seng index gained 2.83% in the final hour of trading, as China retaliated with tariffs on U.S. coal, LNG, crude oil, farm equipment, and cars. The move came as Trump’s 10% tariff on all Chinese imports took effect at 12:01 a.m. ET on Tuesday. Chinese markets are closed for the Lunar New Year holiday. US On Tuesday, the Nasdaq gained 1.2% and the S&P 500 rose 0.7%, driven by Palantir’s 23% surge after strong Q4 results. The Dow added 144 points, or 0.3%. Palantir’s rally also boosted tech stocks like Nvidia, which rose nearly 2%. Commodity Gold prices hit a new record high on Tuesday as investors sought safety after China imposed retaliatory tariffs on the U.S. in response to Trump’s trade measures. Spot gold climbed 1.1% to $2,843.06 per ounce after reaching a peak of $2,845.14 earlier. U.S. gold futures rose 0.6% to $2,873.70. U.S. oil prices rebounded Tuesday after an official said President Trump plans to ramp up pressure on Iran to reduce its oil exports, easing concerns over U.S.-China trade tensions. WTI crude fell 46 cents, or 0.63%, to $72.70, while Brent crude rose 24 cents, or 0.32%, to $76.20. The above analysis is only for the views of market researchers and is for reference only and is not Regarded as a specific investment suggestion. #Forex #trading #tradingforex