The Times Of India·2026-01-14 03:35Market Performance - Hong Kong's HSI traded at 27,037, up 188 points or 0.7% [2][4] - Nikkei increased by 864 points or 1.6% to 54,413 [2][4] - Shanghai and Shenzhen indices rose by 1.11% and 1.83% respectively [2][4] - South Korea's Kospi was down 4 points around 9 am IST [2][4] US Market Influence - US stocks retreated on Tuesday, with the S&P 500 pulling back from a record high [2][4] - Losses were primarily driven by banking shares after JPMorgan Chase & Co. reported investment-banking fees below guidance [2][4] - December inflation data did not significantly alter expectations for the Federal Reserve's interest-rate cuts [2][4] Bank Earnings Outlook - A heavy slate of bank earnings is being tracked, with results from major banks like Bank of America, Wells Fargo, Citigroup, Goldman Sachs, and Morgan Stanley expected soon [3][4] - The banking group is projected to achieve its second-highest annual profit on record, aided by policy changes under the Trump administration [3][4] Tariff Ruling Risks - The potential US Supreme Court ruling on President Trump's global tariffs is a key risk factor [3][4] - An unfavorable ruling could lead to a negative market response, although the administration has alternative legal routes to enforce tariffs [3][4] Commodity Market Trends - Brent crude prices extended gains, marking the largest four-day rise since June due to heightened rhetoric around Iran [3][4] - Silver prices continued to rise, achieving the strongest three-day rally on record [3][4]