Funding & Business
Asia Set for Cautious Open as Trump Doubles Down: Markets Wrap
Asia stocks are poised for a subdued open after a lackluster session on Wall Street as Donald Trump ruled out extending his August tariff deadline. US copper prices surged after the president called for a 50% levy on imports.
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Turkey raised withholding taxes on lira-denominated deposits and mutual funds, tightening its grip on household savings as it seeks fresh revenue to ease the budget deficit.
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The Hong Kong Jockey Club is divesting as much as $1 billion in funds held with Blackstone Inc. and other buyout firms, offloading US assets amid escalating trade tensions that have intensified since Donald Trump’s presidency.
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European private equity firm Exponent has raised more than €1 billion ($1.2 billion) for its latest flagship fund focused on mid-market investments.
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