Insights

Weekly Market Commentary – 31st October

31 October 2025

This week was a busy one in geopolitics, finance and markets. President Donald Trump zipped through East Asia on a whistle-stop tour, wrapping things up with a handshake moment in Beijing. He and Chinese Premier Xi Jinping agreed to hit pause on trade tensions—for a year, at least. On the way, Trump inked a deal with South Korea: fewer tariffs in exchange for $350bn in investments. He also dropped by Tokyo to meet Japan’s new prime minister, promising “golden” relations. Cue stock surges in Japan and Korea, as investors cheered the drop in trade drama.