Wrap Asia

Gold dips 1% as Trump eases trade war fears; dollar gains, supporting risk-on sentiment. Watch for further geopolitical shifts.

Japan's exports up 5.1% in Dec, but miss forecasts. Yen's fall aids sales, but US shipments dip 11.1%. Trade surplus shrinks.

Memory chip costs surge 40-50%, hitting consumer electronics demand. Xiaomi down 27.2%, HP & Dell eye price hikes.

PBOC is expected to set the USD/CNY reference rate at 6.9697

Dow jumps 550 pts as Trump scraps Greenland tariffs. Markets rebound, erasing half of yesterday's losses. Risk appetite returns.

Retired jet engines spark debate over power source for AI data centres

Japan data: December trade surplus smaller than expected (import jump, export growth slow). Yen lower.