{"id":41284,"date":"2025-07-03T11:35:06","date_gmt":"2025-07-03T11:35:06","guid":{"rendered":"https:\/\/quickassetsmarket.com\/index.php\/2025\/07\/03\/asian-markets-open-vietnam-index-at-3-year-high-on-us-deal-sensex-to-open-up\/"},"modified":"2025-07-03T11:35:06","modified_gmt":"2025-07-03T11:35:06","slug":"asian-markets-open-vietnam-index-at-3-year-high-on-us-deal-sensex-to-open-up","status":"publish","type":"post","link":"https:\/\/quickassetsmarket.com\/index.php\/2025\/07\/03\/asian-markets-open-vietnam-index-at-3-year-high-on-us-deal-sensex-to-open-up\/","title":{"rendered":"Asian markets open: Vietnam index at 3-year high on US deal; Sensex to open up"},"content":{"rendered":"
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Asian stock markets presented a mixed picture at Thursday’s open, with Vietnamese equities surging to a more than three-year high as investors reacted to news of a new trade agreement with the United States, announced by President Donald Trump. <\/p>\n

While this development fueled optimism in some corners, other regional markets, including Japan, edged lower, as investors continued to assess the broader global trade landscape and awaited a key US jobs report.<\/p>\n

The standout performer in early Asian trading was Vietnam. The benchmark Vietnam Index rose 0.3% to its highest level since April 2022, according to data from LSEG. <\/p>\n

This rally came after President Donald Trump, via his Truth Social platform, announced a new trade agreement with the Southeast Asian nation. <\/p>\n

According to Trump, the US is imposing a 20% tariff on goods imported from Vietnam, while the latter will impose a \u201cZERO Tariff.\u201d This announcement comes as the deadline for President Trump\u2019s 90-day global tariff reprieve draws closer.<\/p>\n

However, the Vietnamese currency, the dong, weakened to a record low of 26,195 per dollar following the news of the trade deal, as shown by LSEG data.<\/p>\n

While Vietnam striking a trade deal with the US contributed to a rally in US equities, the optimism may not be universally shared across Asian markets and economies, according to some analysts. <\/p>\n

Vishnu Varathan, Mizuho Securities\u2019 head of macro research for Asia ex-Japan, suggested a more cautious interpretation, according to CNBC. <\/p>\n

\u201cFor one, the deal with Vietnam is a stark reminder of the imbalance in leverage, to the disadvantage of Asian exporters,\u201d he wrote in a Thursday note. <\/p>\n

However, Varathan also added that the depreciation of the Vietnamese dong could potentially provide a buffer against the impact of the 20% US tariffs.<\/p>\n

Elsewhere in Asia, market performance was varied.\u00a0Japan\u2019s benchmark Nikkei 225\u00a0slipped 0.15%, and the broader Topix index lost 0.21%. <\/p>\n

In contrast,\u00a0South Korea\u2019s Kospi\u00a0added 0.77%, and the small-cap Kosdaq rose 0.5%.\u00a0Australia\u2019s S&P\/ASX 200\u00a0also gained, adding 0.13%.<\/p>\n

In Greater China,\u00a0Hong Kong\u2019s Hang Seng index\u00a0slipped 0.64%, while\u00a0mainland China\u2019s CSI 300\u00a0managed to add 0.14%.<\/p>\n

Indian markets poised for modest gains<\/h2>\n

Indian benchmark indices, the Sensex and Nifty, are likely to see a modest increase at the open on Thursday, influenced by the pockets of gains seen in other Asian markets following the US-Vietnam trade agreement. <\/p>\n

This optimism is also supported by investors keeping a close watch on the progress of a potential trade agreement between the US and India.<\/p>\n

Gift Nifty futures were trading at 25,584 points at 8:18 A.M. IST, suggesting a slight increase from the previous close of 25,574.50 and pointing to a potentially positive start for the domestic bourses.<\/p>\n

US market backdrop: records set, jobs data awaited<\/h2>\n

US stock futures were little changed in early Asian hours as traders braced for the release of June\u2019s major jobs report. <\/p>\n

S&P 500 futures and Nasdaq 100 futures were fractionally higher, while futures tied to the Dow Jones Industrial Average rose a slight 21 points, or less than 0.1%.<\/p>\n

Overnight in the US, the three major averages had closed mixed, but with notable record-setting performances. The S&P 500 scored a fresh all-time intraday high and closed at another record. <\/p>\n

The Nasdaq Composite also advanced 0.94% to post a record close of 20,393.13. <\/p>\n

The Dow Jones Industrial Average, however, slipped a marginal 10.52 points, or 0.02%, to end at 44,484.42.<\/p>\n

The post Asian markets open: Vietnam index at 3-year high on US deal; Sensex to open up<\/a> appeared first on Invezz<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Asian stock markets presented a mixed picture at Thursday’s open, with Vietnamese equities surging to a more than three-year high as investors reacted to news of a new trade agreement with the United States, announced by President Donald Trump. While this development fueled optimism in some corners, other regional markets, including Japan, edged lower, as <\/p>\n","protected":false},"author":1,"featured_media":41285,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-41284","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investing"},"_links":{"self":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/41284","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/comments?post=41284"}],"version-history":[{"count":0,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/41284\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media\/41285"}],"wp:attachment":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media?parent=41284"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/categories?post=41284"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/tags?post=41284"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}