AGN Evening Update | 14th April 2025

Tonight’s top developments are shaking up the financial and geopolitical landscape:

📍 In Malaysia, the Bursa Malaysia Technology Index surged 5.4% as tech stocks extended their rally following the U.S. exemption of smartphones, chips, and key electronic components from harsh import tariffs. Inari Amertron, MyEG, and Frontken were among the biggest gainers. Analysts at Hong Leong and Kenanga warn that despite the relief, risks remain due to China’s new export restrictions on rare earths and a complex redefinition of chip origin rules.

📍 In international news, President Donald Trump doubled down on his position to block Japan’s Nippon Steel from acquiring U.S. Steel. Speaking from Air Force One, Trump emphasized the need for U.S. Steel to remain domestically controlled, despite the companies’ ongoing lawsuit over Biden’s earlier rejection of the deal. The move has created political tension with Japan and drawn criticism from business leaders.

📍 Meanwhile in Asia, Japanese Prime Minister Shigeru Ishiba issued his strongest statement yet, warning that U.S. tariffs could destabilize the global economy. As Japan prepares for bilateral trade talks with the U.S. later this week, concerns over market volatility and tariff escalation dominate the agenda. Economy and Finance Ministers emphasized the need for restraint and cooperation as Trump prepares to announce further duties on semiconductors next week.

🎥 Watch the full segment and stay ahead of the curve.