Trump Tariff Risks Put Asian Stocks’ Strong July Record to Test

A seasonal lift for Asian equities in July may be hard to come by this year as tariff and macroeconomic concerns dampen sentiment.

Markets are bracing for heightened volatility ahead of the July 9 deadline for countries to cut trade deals with the US. Uncertainty over the outcome of these negotiations poses a hurdle for regional shares to maintain an average return of 1.36% for July — the second-best performing month of the year — over the past decade.