June 3rd, 2025
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Asian stocks went up on Tuesday, like US stocks that are almost at their highest prices. This is partly because the US and China have fewer trade problems. The US will not put extra taxes on some Chinese products until August 31st. But China said some US actions are bad for their country. Even with these complaints, markets are doing well. Stocks went up in Hong Kong, Shanghai, Tokyo, Australia, and Taiwan. US oil prices also went up to $63.14 because people are worried about oil supply due to attacks in Russia. US steel company stocks also went up after President Donald Trump said he would double the tax on imported steel to 50%. But this was not good for car companies and others who use a lot of steel. Also, interest rates on US government bonds went up because people are worried about the US government's debt.
June 3rd, 2025
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