🌅 Morning Update | 20.05.2025 📊 Asian Markets Mixed, China & Hong Kong Lead Markets across Asia showed mixed performance: 🇨🇳 Shanghai Composite +0.2% | CSI 300 +0.3% after China’s rate cut 🇭🇰 Hang Seng +1% 🇦🇺 ASX 200 +0.5% on RBA easing 🇯🇵 Nikkei 225 and TOPIX also rose on progress in 🇺🇸🇯🇵 trade talks 📉 Meanwhile, U.S. stock futures dipped -0.2% ahead of the House vote on Trump’s tax bill. ⚠️ China Blasts U.S. Over Huawei Chips Beijing accused Washington of violating the trade truce, warning of “firm measures” if U.S. restrictions on Huawei’s Ascend chips continue. 🇨🇳 Ministry of Commerce said the move “seriously undermines” recent Geneva agreements. 💰 RBA Cuts Rates to 2-Year Low 🇦🇺 The Reserve Bank of Australia slashed rates by 25bps to 3.85%, citing slowing growth and global uncertainty. GDP forecast trimmed to 2.1% for 2025. Markets now expect over 50bps more in cuts this year. 🛢️ Oil Flat Amid Iran Tensions Brent holds at $65.55, WTI +0.1% to $62.20. Iran insists its uranium policy is “non-negotiable” as nuclear talks stall. Trump-Putin phone call didn’t spark major movement in oil. 🏦 China Cuts Lending Rates For the first time since October, 🇨🇳 China slashed its LPR: 📉 1-year to 3.0% | 5-year to 3.5% Big state banks also lowered deposit rates to spur consumption and credit, though analysts say Beijing isn’t rushing further stimulus after the tariff truce. 🤝 Japan-U.S. Talks Progress A 3rd round of 🇯🇵🇺🇸 trade talks is expected by Friday. Tokyo remains firm on full tariff removal. Japan may offer agri imports & auto standard changes to avoid July tariffs. 🇻🇳 Vietnam Negotiates to Dodge Tariffs Talks continue in D.C. until May 22 as Vietnam aims to avert 46% tariffs.