{"id":67537,"date":"2026-02-03T22:29:23","date_gmt":"2026-02-03T22:29:23","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/morning-brief-asia-stocks-rally-on-us-india-trade-deal-spacex-acquires-xai\/"},"modified":"2026-02-03T22:29:23","modified_gmt":"2026-02-03T22:29:23","slug":"morning-brief-asia-stocks-rally-on-us-india-trade-deal-spacex-acquires-xai","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/morning-brief-asia-stocks-rally-on-us-india-trade-deal-spacex-acquires-xai\/","title":{"rendered":"Morning brief: Asia stocks rally on US-India trade deal, SpaceX acquires xAI"},"content":{"rendered":"

(Originally posted on : Gold News, Latest Stories & Analysis | Invezz )<\/b>
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Asia-Pacific markets rallied on Tuesday as investors reacted to a reported breakthrough in US-India trade talks, while risk sentiment was also shaped by volatile crypto markets, fresh political headlines from Washington, and a major deal in the artificial intelligence sector. <\/p>\n

Below are the key developments shaping global markets.<\/p>\n

Asian markets surge on US-India trade deal<\/h2>\n


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Asia-Pacific equities jumped after Donald Trump said the United States and India had struck a trade agreement and would immediately begin cutting tariffs on each other\u2019s goods. <\/p>\n

In a Truth Social post on Monday, Trump added that Indian Prime Minister Narendra Modi had agreed to increase purchases of US products following a call between the two leaders.<\/p>\n

Trump also said India would halt purchases of Russian crude oil and instead buy more from the US and potentially Venezuela.<\/p>\n

India\u2019s Nifty 50 surged nearly 5% at the open before paring gains, last trading up 2.99%, while the Sensex added 3.01%. <\/p>\n

Japan\u2019s Nikkei 225 climbed more than 3.9% to a record high, with the Topix rising 3.19%.<\/p>\n

South Korea\u2019s Kospi jumped more than 6.1%, triggering a buy-side sidecar \u2014 a mechanism that temporarily halts purchase orders. <\/p>\n

The Korea Exchange said the trigger occurred after KOSPI 200 futures rose more than 5% for over one minute. The Kosdaq index gained 3.29%.<\/p>\n

Hong Kong\u2019s Hang Seng Index advanced 0.16%, while China\u2019s CSI 300 rose 0.78%. <\/p>\n

Australia\u2019s S&P\/ASX 200 climbed 0.89% after the Reserve Bank of Australia raised its policy rate by 25 basis points to 3.85%, its first hike since November 2023, citing persistently elevated inflation.<\/p>\n

Bitcoin and precious metals remain volatile<\/h2>\n


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Investors also continued to monitor sharp moves in commodities and digital assets following last week\u2019s turbulence. <\/p>\n

Silver prices plunged about 30% on Friday, marking the metal\u2019s worst one-day drop since 1980, while gold fell nearly 10%.<\/p>\n

On Tuesday, spot gold rebounded 3.67% to $4,830.94 per ounce, while silver rose 5.86% to $83.99 per ounce.<\/p>\n

Bitcoin remained under pressure. <\/p>\n

The cryptocurrency was hovering around $78,500 by midday in Singapore, after briefly rebounding from a 10-month low. <\/p>\n

Data from Deribit showed that while downside protection via put options had eased, the highest concentration of puts pointed to $75,000 as a key support level, with the next support near $70,000.<\/p>\n

Bitcoin\u2019s implied volatility remained elevated at around 48.8, according to TradingView.<\/p>\n

Trump seeks $1 billion damages from Harvard<\/h2>\n


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In political news, Trump said late Monday that his administration is seeking $1 billion in damages from Harvard University. <\/p>\n

In a Truth Social post, he said the administration wanted \u201cOne Billion Dollars in damages\u201d and did not elaborate on the specific harms alleged.<\/p>\n

The move follows the administration\u2019s December appeal of a judge\u2019s ruling that it unlawfully terminated more than $2 billion in grants to Harvard. <\/p>\n

The university has been a focal point of Trump\u2019s broader campaign to use federal funding to force changes at US universities, which he has accused of antisemitic and \u201cradical left\u201d ideologies.<\/p>\n

SpaceX acquires xAI in major AI consolidation<\/h2>\n


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Separately, Elon Musk said SpaceX has acquired his artificial intelligence group xAI<\/a>, bringing together two of his most ambitious ventures. <\/p>\n

Financial terms were not disclosed, but the combined entities are valued at just over $1 trillion based on recent funding rounds.<\/p>\n

SpaceX was most recently valued at about $800 billion, while xAI secured a valuation of roughly $230 billion earlier this year. <\/p>\n

Announcing the deal, Musk said the merger would help create \u201ca sentient sun to understand the Universe and extend the light of consciousness to the stars.\u201d<\/p>\n

The acquisition follows xAI\u2019s merger with Musk\u2019s social media platform X last year and reinforces Musk\u2019s strategy of vertical integration across data, compute and physical infrastructure. <\/p>\n

For investors, the deal underscores Musk\u2019s bet that scale and access to computing power will define the next phase of artificial intelligence development.<\/p>\n<\/p><\/div>\n

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(Originally posted on : Gold News, Latest Stories & Analysis | Invezz ) Asia-Pacific markets rallied on Tuesday as investors reacted to a reported breakthrough in US-India trade talks, while risk sentiment was also shaped by volatile crypto markets, fresh political headlines from Washington, and a major deal in the artificial intelligence sector. Below are […]<\/p>\n","protected":false},"author":3947362390,"featured_media":67538,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[37],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/67537"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362390"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=67537"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/67537\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/67538"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=67537"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=67537"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=67537"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}