Market News and Analysis by TrendPro

A new report from Axios shows that President Donald Trump’s double-digit import tariffs are now delivering a real economic hit to America’s key trading partners pushing global markets into a new phase of uncertainty

The United States is facing the longest government shutdown in its history, now stretching past 40 days since October 1 after Congress failed to approve a new budget on time.

Japan’s Prime Minister Sanae Takaichi is preparing a major economic stimulus package aimed at encouraging the Bank of Japan (BOJ) to prioritize strong economic growth and price stability.

Asia’s factory activity continues to slow, with October 2025 PMI data showing contraction for the 7th straight month in China and South Korea. Export orders fell sharply as U.S. tariffs under Donald Trump’s administration continued to weigh on demand and raise production costs.

China and the Association of Southeast Asian Nations (ASEAN) have signed the ASEAN–China Free Trade Agreement 3.0, an upgraded pact expanding cooperation in digital economy, green development, and supply-chain integration. The signing took place in Kuala Lumpur, Malaysia, on October 28, 2025.

Top U.S. and Chinese officials met in Kuala Lumpur on October 25 to defuse rising trade tensions and pave the way for a crucial meeting between President Donald Trump and President Xi Jinping at the upcoming APEC Summit 2025.

UN warns: The world’s trade system is at risk of derailment. UN Secretary-General Antonio Guterres has warned that the global trade system is “at serious risk,” as rising tariffs, debt burdens in developing nations, and geopolitical tensions reshape global supply chains.

The Full WEO Report released by the IMF signals a potential capital rotation away from the US and Europe toward Asia and emerging markets. With global GDP downgraded below 3%, the institution highlights that USD-based assets may face a medium-term weakening phase.

For nearly three years, global markets have traded based on one dominant narrative: inflation and interest rate risk. But ahead of tonight’s IMF World Economic Outlook (WEO) release, a new theme is rising rapidly through institutional research notes — “Policy Uncertainty Risk.”