Asian traders struggle to match Wall St record as Trump odds grow

HONG KONG: Asian markets fluctuated Tuesday (July 16) as rising expectations that Donald Trump will return to the White House played up against fresh hopes that the Federal Reserve will cut interest rates at least once this year.

Traders struggled to extend gains on Wall Street, where the Dow chalked up its first record since May, while the dollar rose with Treasury yields on speculation that another Trump tariff battle with China and likely tax cuts could push inflation higher.