S&P 5007,533.77▼0.5% Nasdaq25,881.95▼1.5% Dow52,552.97▼0.2% Russell 2K2,974.57▼0.1% 10-Yr4.57%+2bp VIX16.73+1.06 WTI$79.00▼0.8% Gold$3,981.40▼1.6% EUR/USD1.145▼0.2% BTC$64,491▼0.5% Nikkei68,752▲1.5%
At close · Thu, Jul 16, 2026
Daily Market Updates.

Global Markets

HomeGlobal MarketsTrade & TariffsIndia builds flexible Indo-Pacific partnerships amid u…

India builds flexible Indo-Pacific partnerships amid uncertainty over US commitments

India is expanding engagement with Indo-Pacific middle powers as uncertainty grows about the future of US security commitments in Asia, according to SCMP Economy.

The shift is reflected in Prime Minister Narendra Modi’s six-day diplomatic tour from July 6 to 11, during which he visited Indonesia, Australia and New Zealand, signing agreements aimed at boosting defence, maritime security and trade.

The trip also closely followed a visit by Japanese Prime Minister Sanae Takaichi to India from July 1 to 3, when the two leaders signed several agreements including their first joint defence co development project focused on naval systems and equipment, SCMP Economy reported.

Analysts said India’s strategy favors flexible cooperation over Cold War style alliance structures, with Srinivasan Balakrishnan, of the Indic Researchers Forum, describing the approach as a practical multi aligned network that can help fill gaps left by changing US involvement. Balakrishnan added that India could leverage its role as a non hegemonic power to become a net security provider in the region.

More like this

Sources

Get the close, explained.

One email every trading day: what moved, why it moved, and what's on deck tomorrow. Read in 3 minutes.

Free. Unsubscribe anytime.