Key Takeaways
- Vietnam's VN-Index surged by up to 0.96% to a record high of 1,545.84 points, reflecting renewed investor confidence and strong domestic inflows.
- Binance Coin (BNB) hit a new all-time high of $850, driven by consistent investor accumulation and institutional interest, with Ether also reaching its highest point since December 2024 at $3,901.80.
- Taiwanese stocks climbed 0.2%, reaching their highest level since February 2025, contributing to a broader positive sentiment across Asian equities.
- Japan's $550 billion partnership fund with the U.S. will primarily consist of loans (98-99%), with only 1-2% allocated to direct capital investment, as trade agreements aim to reduce uncertainty in U.S. trade policy.
- China's tax revenue is projected to exceed ¥85 trillion during its 14th Five-Year Plan, an increase of ¥13 trillion from the prior period, despite recent declines attributed to tax cuts and VAT refunds.
Asian markets are experiencing a significant uplift, with Vietnam and Taiwan's stock indices reaching new highs, while major cryptocurrencies like BNB and Ether demonstrate robust growth. This positive momentum comes amidst ongoing developments in international trade relations, particularly between the U.S. and Japan.
Southeast Asian Markets Lead the Charge
Vietnam's benchmark VN-Index (VNINDEX) saw a notable increase of up to 0.96%, achieving a record high of 1,545.84 points. This surge is attributed to strong cash inflows from domestic investors, signaling renewed confidence in the Vietnamese stock market. Similarly, Taiwan's stock market also performed strongly, edging up 0.2% to reach its highest level since February 2025.
Cryptocurrency Market Sees All-Time Highs
The cryptocurrency market is buzzing with activity as Binance Coin (BNB) hit a new all-time high of $850. This surge marks a new peak for the world's fourth-largest cryptocurrency by market capitalization, fueled by consistent investor accumulation and broader market optimism. Analysts suggest that BNB's continued bullish momentum could see it target $850, with institutional inflows indicating diversification beyond Bitcoin (BTC). Meanwhile, Ether (ETH) also reached its highest point since December 2024, rising 2% to $3,901.80.
Japan-U.S. Trade Deal Details Emerge
Japan's recently announced $550 billion partnership fund with the U.S. is expected to primarily consist of loans. Only 1% to 2% of this substantial sum will involve actual capital investment, with the remainder provided through loan-based mechanisms. Japan's Chief Cabinet Secretary Yoshimasa Hayashi stated that recent trade agreements, including those with the U.S. and the European Union, have been instrumental in reducing uncertainty surrounding U.S. trade policy. The deal includes a 15% reciprocal tariff on Japanese exports to the U.S., including automobiles, and Japan will open its markets to U.S. cars, trucks, rice, and other agricultural products.
China's Fiscal Outlook
China's tax revenue is projected to exceed ¥85 trillion during its 14th Five-Year Plan (2021-2025), representing an increase of ¥13 trillion from the prior period. This comes despite recent reports indicating a decline in tax revenue, which has been attributed to factors such as falling prices and tax cuts. The government aims for an annual balanced budget, with higher fiscal revenue typically matched by increasing expenditure.
Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications.