Published: 2026-05-08T00:34:34.000Z
Asia Open
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US trade court strikes down Trump's 10% global tariffs in 2-1 ruling
Iran and Israel report separately that hostility flare up has ended at present
EMERGING ASIA
Another vibrant Asia open as we heard from both sides the indication of no escalation wanted. It is breathing fresh air into risk asset and precious metal while oil slips. U.S. court also strikes down Trump's 10% global tariffs in 2-1 ruling, which enhances the pressure on Trump, though it is likely he will be finding new ways to make that up. The hopium seems to be fading as it does not look like we will be seeing a peace proposal being reach before weekend.