Asian Markets Calm Amid U.S. Trade Tensions and Economic Shifts

Asian markets remained calm as investors awaited a crucial U.S. jobs report that could lead to Federal Reserve rate cuts. Wall Street hit new highs after a U.S.-Vietnam trade deal. Meanwhile, challenges persist with tariff discussions, a looming tax bill, and fluctuating financial markets.

Asian shares showed little movement on Thursday as investors anticipated a pivotal U.S. jobs report, potentially leading to Federal Reserve rate cuts. Concurrently, they monitored the progress of a significant U.S. tax and spending bill in Congress.

Wall Street reached new record highs after President Trump announced a trade agreement with Vietnam that imposed a 20% tariff on exports to the U.S. While lower than the initially threatened 46%, it remains steep. Meanwhile, Vietnam's market advanced, and its dong currency hit a record low.

Concerns grow over trade discussions with countries like Japan, South Korea, and Europe. Investors also await the U.S. tax bill's impact, which could raise national debt by $3.3 trillion. Analysts foresee U.S. job growth and assess Federal Reserve policy under potential economic strain.

(With inputs from agencies.)