Breaking News: Asia

• India's Nifty 50 skyrockets 5% as U.S.-India trade deal turbocharges stocks - U.S. President Donald Trump on Monday stateside said that U.S. will cut reciprocal tariff on India to 18% from 25%.
• Scenic trains, cruises and concerts: China’s new plan to get consumers spending again - China rolled out a new work plan to boost services consumption as stimulus measures to boost households spending on goods have so far done little to lift demand.
• Trump reportedly says 'very dangerous' for UK to do business with China as Starmer looks to mend ties - Starmer is on a 4-day visit to China this week, the first trip by a British leader in eight years, signaling an attempt at resetting the bilateral ties.
• Asia markets set to open mostly higher after S&P 500 hits record - Markets across Asia were poised to extend gains on Tuesday after a record close on Wall Street, with Australia’s inflation release in focus.
• India and European Union have closed a 'landmark' free trade deal, Prime Minister Modi says - Goods traded between India and the EU in 2024 amounted to over 120 billion euros (about $140 billion), making it New Delhi's largest trading partner.
• China's industrial profits rise 0.6% in 2025, accelerating in December as output expands despite weak demand - EconomyChina's industrial profits rise 0.6% in 2025, accelerating in December as output expands despite weak demandPublished Mon, Jan 26 20269:05 PM ESTAnniek B
• Asia-Pacific markets set to rebound after Trump climbs down from Europe tariff threats - Trump also said that he would not use force to acquire Greenland.
• South Korea grows 1.5% in fourth quarter, missing forecasts as domestic demand weakens - South Korea's economic growth slowed in the final quarter of last year amid weakening domestic demand as the impact from fiscal stimulus disspated.
• China keeps benchmark lending rates unchanged despite slowing economic growth - China's central bank held its loan prime rates unchanged as the authorities sought to bolster the economy with targeted monetary easing steps.
• China fourth-quarter growth slows to 4.5%, weakest in nearly three years as consumption misses forecasts - China's economic growth slowed to the weakest level in nearly three years in the fourth quarter as domestic demand softened.