Market Performance - The Tokyo stock market indices continued to decline for three consecutive trading days, with the Nikkei 225 index closing down by 0.65% and the Tokyo Stock Exchange Price Index down by 0.52% [1][2] - The Nikkei index fell by 278.38 points, closing at 42610.17 points, while the Tokyo Stock Exchange index decreased by 15.96 points, ending at 3082.95 points [2] Sector Performance - Most of the 33 industry sectors on the Tokyo Stock Exchange experienced declines, with pharmaceuticals, transportation machinery, and construction sectors showing the largest drops [2] - Conversely, 10 sectors, including non-ferrous metals, steel, and mining, recorded gains on the same day [2] Influencing Factors - The decline in the Tokyo stock market was influenced by the continued drop in the Nasdaq index in the overnight New York stock market, leading to a slight lower opening in Tokyo [1] - Semiconductor-related stocks, such as SoftBank Group and Tokyo Electron, faced significant declines, contributing to the downward pressure on the market [1] - The strengthening of the Japanese yen against the US dollar also pressured export-oriented stocks like Toyota and Honda [1]

Core Viewpoint - The article discusses the significant increase in average effective tariff rates in the U.S., reaching 18.3%, the highest in 91 years, and its potential impact on consumer prices and the economy [1][2][3]. Group 1: Tariff Rates and Economic Impact - As of July 31, the average effective tariff rate on U.S. imports is 18.3%, marking the highest level since 1934 [2]. - The tariff policy is projected to reduce the U.S. GDP growth rate by 0.5 percentage points annually in 2025 and 2026, and increase the unemployment rate by 0.3 percentage points by the end of 2025 and 0.7 percentage points by the end of 2026 [2]. - Consumers may face a 40% increase in shoe prices and a 38% increase in clothing prices in the short term, with long-term projections of a 19% increase for shoes and a 17% increase for clothing [2]. Group 2: Market Reactions and Predictions - The U.S. stock market experienced a significant drop, with a total market value loss exceeding $1 trillion, attributed to rising tariff concerns and poor employment reports [1][5]. - Analysts predict that the additional tariffs, combined with weak employment data, may lead to further declines in the S&P 500 index in August [3]. Group 3: Export License Delays - The U.S. export licensing agency is reportedly near paralysis due to internal chaos, resulting in thousands of export license applications being stalled, the worst backlog in over 30 years [6]. - Delays in license approvals are putting U.S. companies at a competitive disadvantage globally and raising concerns among businesses seeking overseas sales opportunities [6]. Group 4: International Trade Relations - The U.S. has imposed new tariffs on 69 trading partners, with rates ranging from 10% to 41%, affecting various countries differently [4][5]. - Despite threats from the U.S. regarding oil imports from Russia, India has not altered its purchasing strategy, continuing to buy Russian oil [7].

Market Performance - On July 7, the Istanbul Stock Exchange National 100 Index fell by 1.64%, closing at 10,107.68 points [1] - The Istanbul Stock Exchange Banking Index also declined by 1.64%, ending at 15,561.20 points [1] - The Turkish Lira depreciated by 0.30% against the US Dollar, approaching the psychological threshold of 40 Lira [1] Political and Legal Developments - On July 5, mayors from the cities of Adana, Adıyaman, and Antalya were detained by police on charges of organized crime, bribery, and collusion in bidding [1] - The Turkish stock index experienced a significant drop from 10,802.23 points to 8,872.75 points between March 18-24 due to actions taken by President Erdoğan against opposition [1]

Core Viewpoint - The market is expected to experience significant movements in the near future, with potential increases in oil prices, declines in stock markets, and rises in gold prices [1] Group 1 - The outlook for U.S. Treasury yields is uncertain, marking a notable change for long-term market observers [1]

Core Viewpoint - The Governor of the Bank of England, Bailey, expressed concerns regarding the rise in U.S. bond yields, the weakening of the dollar, and the decline in stock markets, noting that the U.S. government has responded in each case [1] Group 1 - The increase in U.S. bond yields is a significant concern for the Bank of England [1] - The depreciation of the dollar is another factor that raises alarms for the financial stability [1] - The downturn in stock markets is also a point of worry, indicating potential economic instability [1]

Market Performance - The Asia-Pacific stock markets experienced widespread declines, with the Nikkei 225 index falling by 1.66% to 37,335.70 points, where 124 stocks dropped over 1% and only 7 stocks rose over 1% [1] - The Korean Composite Index decreased by 0.16% to 2,693.22 points, with 251 stocks declining over 1% and 134 stocks increasing over 1% [1] - The Australian S&P 200 index fell by 0.19% to 8,419 points, while the New Zealand market was closed due to a holiday [2] Sector Performance - In the Hong Kong market, the Hang Seng Index dropped by 1.77%, with the Hang Seng Technology Index expanding its decline to 2% [2] - The pharmaceutical, real estate, and energy sectors in Hong Kong showed significant declines, with Meizhong Jiahe falling over 14% and Stone Four Pharmaceutical Group dropping nearly 11% [2] - The FTSE China A50 index futures saw an increased decline of 2% [3] Commodity Performance - Gold prices opened higher, with COMEX gold surpassing the $3,300 mark [4]

Core Viewpoint - The investment strategist Michael Hartnett from Bank of America has maintained a bearish outlook on the stock market since the beginning of 2025, expressing concerns that fear and panic regarding the market will persist even if the trade war initiated by President Trump dissipates [1] Summary by Relevant Categories - **Market Sentiment** - There is an expectation that the phenomenon of stock market recovery will fade [1]