American Invest Hub
  • Politics
  • Investing
  • Business
  • Latest News

American Invest Hub

  • Politics
  • Investing
  • Business
  • Latest News
Business

Asian stocks rebound after Trump’s tariff pause: Nikkei, Hang Seng surge up to 2%

by admin February 4, 2025
February 4, 2025
Asian stocks rebound after Trump’s tariff pause: Nikkei, Hang Seng surge up to 2%

Asian stock markets surged on Tuesday, rebounding from the previous session’s losses despite broadly negative cues from Wall Street overnight.

Investor sentiment improved after US President Donald Trump announced a delay in the planned tariffs on Mexico and Canada following successful negotiations with the respective governments.

The decision helped alleviate concerns that new trade restrictions could fuel inflationary pressures and lead the US Federal Reserve to keep interest rate cuts on hold for longer.

Japan’s Nikkei 225 Surges Past 39,100

Japan’s Nikkei 225 index saw a sharp rebound on Tuesday, recovering from steep losses in the prior session.

The index climbed above 39,100, supported by broad-based gains across major sectors, particularly technology and index heavyweights.

By the end of the morning session, the Nikkei 225 was up 620.32 points, or 1.61%, to 39,140.41, after reaching an intraday high of 39,192.51. This recovery came after the index fell sharply on Monday, reflecting previous concerns over global trade tensions.

Key stocks contributed to the rally, with SoftBank Group rising over 1% and Fast Retailing (Uniqlo operator) edging up 0.2%. The automobile sector also saw strong gains, with Honda up more than 2% and Toyota advancing nearly 3%.

Hang Seng surges over 2%

Hong Kong stocks surged on Tuesday, driven by optimism surrounding trade negotiations after US President Donald Trump indicated he would speak with China.

The Hang Seng Index rose by 2.9%, marking its biggest daily gain since October 18, while the Hang Seng Tech Index climbed 5%.

Investors were particularly upbeat about technology and AI-related stocks, with notable gains in companies like Xiaomi, JD.com, Alibaba, and Tencent.

Electric vehicle makers also saw strong performance, with Li Auto and Geely Automobile both registering over 8% gains.

Markets in China were closed and will resume trading on Wednesday.

Other regional markets

The Australian stock market traded notably higher, reversing Monday’s losses as the benchmark S&P/ASX 200 index moved above the 8,400 level.

By mid-session, the S&P/ASX 200 index had gained 36.50 points, or 0.44%, reaching 8,415.90, after hitting an intraday high of 8,446.80.

The KOSPI index rose by 44.94 points (1.83%) to 2,498.89, buoyed by strong performances in key stocks.

Samsung Electronics led the charge, soaring by 4.12%, while SK Hynix, LG Energy Solution, and Hyundai Motor also saw gains, rising by 0.28%, 0.3%, and 1.5%, respectively.

Wall Street ended lower on Monday

Stocks initially dropped sharply on Monday, with the Nasdaq plummeting 2.5% early in the session.

However, the market rebounded over the day, with the Nasdaq finishing down 1.2% at 19,391.96, while the S&P 500 fell 0.8% to 5,994.57.

The Dow Jones index also declined by 0.3% to 44,421.91.

The recovery followed President Trump’s announcement of a one-month pause on newly implemented tariffs on Mexico.

The post Asian stocks rebound after Trump’s tariff pause: Nikkei, Hang Seng surge up to 2% appeared first on Invezz

0
FacebookTwitterGoogle +Pinterest
previous post
Why did World Liberty Financial transfer $307M in ETH and WBTC to Coinbase?
next post
Cloudflare stockforecast: buy, sell, or hold ahead of earnings?

Related Posts

European stocks gain on auto tariff hopes, but...

April 15, 2025

Oil prices dip again as fears of market...

September 29, 2024

Airbus share price forecast: here’s why it’s ripe...

October 31, 2024

Tesla settles lawsuit over Autopilot crash that killed...

April 13, 2024

Customers from the East Coast to the Midwest...

March 28, 2024

Venu, a $42.99 per month sports streamer, has...

August 2, 2024

Twilio stock price forecast: technicals point to a...

February 13, 2025

Construction, cans, and cars: industries on edge as...

March 13, 2025

Asian markets close: Sensex jumps 1,200 pts, Nifty...

May 15, 2025

Reddit is attracting ad dollars: will RDDT shares...

May 3, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest News

    • Interview: Strategic location gives Brazil Potash cost advantage in domestic fertiliser market, says CEO Matt Simpson

      June 1, 2025
    • Canada’s Q1 GDP expands by 2.2%, driven by exports spike ahead of potential US tariffs

      June 1, 2025
    • President Trump to host farewell for Elon Musk as DOGE leader steps away

      June 1, 2025
    • UK’s digital banks face divergent fortunes: Starling stumbles, Monzo and Revolut soars

      June 1, 2025
    • Trump wants Apple to shift iPhone production from India to the US: here’s what it means

      May 18, 2025

    Categories

    • Business (3,022)
    • Investing (2,459)
    • Latest News (1,994)
    • Politics (1,530)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: americaninvesthub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 americaninvesthub.com | All Rights Reserved