📉 Morning Market Update | 30.05.2025 🌏 🔁 Tariff Whiplash Hits Asia Asian markets sank as a U.S. appeals court reinstated Trump’s tariffs, reversing Wednesday’s relief. 📉 Hang Seng: -1.5% 📉 Nikkei 225: -1.3% 📉 China: -0.5% to -0.7% 🇺🇸 Treasury Secretary Bessent confirmed trade talks with China have “stalled”. ⚖️ Legal Battles Escalate Trump slammed trade court judges as "backroom hustlers" and hinted at alternative routes if courts block his tariffs. Next court date: 📅 June 5. 🧨 Markets brace for extended uncertainty. 🇨🇳 China Tensions Deepen ⛔ U.S. tightens ethane/butane exports. 🔌 Beijing lashes out at semiconductor controls. 🏭 PMI expected at 49.5 (Sat), marking 2nd straight monthly contraction. ⚠️ 145% tariffs threaten China’s fragile recovery. 🇯🇵 Japan: Inflation Surprise 📈 Tokyo core CPI beats expectations, boosting July rate hike odds. 📊 Industrial production falls less than forecast; retail sales jump. 💴 USD/JPY -0.3% as safe-haven demand lifts the yen. 🛢️ Oil Slides Again Brent: $63.84 (-0.48%) WTI: $60.63 (-0.51%) 📉 Both head for 2nd weekly loss on OPEC+ supply worries. 🔍 8-member OPEC+ meeting Sat — possible production hike. 📊 JPMorgan: Oil could dip to high $50s by year-end. 🏛️ Trump & Powell: No Shift 📍 First in-person meeting yields no policy change. Trump urged cuts; Powell held firm. 📉 Markets now price in a rate cut by September. 🚀 Musk Exits White House 📅 1:30 PM: Joint press conference marks Elon Musk’s departure. 🎯 Musk to focus on Tesla after criticism of tax policy and backlash over federal job cuts. 🥇 Gold Falls Despite Tensions 🪙 Spot gold: $3,293.44 (-0.7%) 🪙 Futures: $3,316.67 (-0.8%) 💬 “TACO” (Trump Always Chickens Out) meme gains traction.