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

American Invest Hub

  • Politics
  • Investing
  • Business
  • Latest News
Business

Asian markets close: Nikkei jumps after US tariff ruling; Sensex gains 321 pts

by admin May 29, 2025
May 29, 2025
Asian markets close: Nikkei jumps after US tariff ruling; Sensex gains 321 pts

A wave of optimism swept across most Asia-Pacific stock markets on Thursday, with major indices posting significant gains after a US federal trade court delivered a crucial ruling that President Donald Trump had exceeded his authority with his proposed “reciprocal” tariffs.

This decision, seen as a blow to a key tenet of the president’s economic agenda, provided a strong tailwind for regional equities, including a positive close for Indian benchmarks like the Sensex after an initially volatile session.

The dominant theme driving market sentiment was the US Court of International Trade’s decision, which effectively blocked the implementation of Trump’s widespread tariff plan.

This development was widely cheered by investors who have been wary of the potential for escalating trade wars and their detrimental impact on global economic growth.

The positive reaction was evident across the region. 

Japan’s benchmark Nikkei 225 surged 1.88% to end the day at 38,432.98, with the broader Topix index climbing 1.53% to 2,812.02. 

South Korea’s Kospi also registered strong gains, rising 1.89% to finish at 2,720.64, while the small-cap Kosdaq climbed 1.03% to 736.29.

Adding to the positive news flow from Seoul, the Bank of Korea cut its policy rate from 2.75% to 2.5% on Thursday, its lowest level since August 2022, a move that was in line with expectations among economists polled by Reuters.

In Greater China, Hong Kong’s Hang Seng index advanced 1.35% to end the day at 23,573.38, while mainland China’s CSI 300 moved 0.59% higher to 3,858.70. 

Australia’s S&P/ASX 200 edged up 0.15% to close at 8,409.8, rounding out a generally positive day for regional bourses.

Indian markets: volatile start, positive finish for Sensex

Indian headline indices, the BSE Sensex and Nifty, experienced a more nuanced trading day.

While they started Thursday with a gap-up opening, buoyed by the strong gains in other Asian markets following the US court ruling, they soon slipped lower before staging a recovery.

The BSE Sensex ultimately ended the session 320.70 points higher at 81,633.02 as of 3:30 p.m. IST.

This came after reaching an intraday high of 81,816 in the initial phase of trading.

Similarly, the NSE Nifty50 settled 81.15 points higher at 24,833.60, after hitting a day’s high of 24,889.

Sector-wise, Nifty IT was the biggest sectoral gainer in India, advancing 1.4% in the initial session.

It was followed by Nifty Metal and Nifty Media, which added 0.7% and 0.4%, respectively, while Nifty Pharma also gained 0.3 percent.

However, Nifty Realty was the top loser, down 0.3 percent, followed by a 0.2 percent fall in Nifty Oil & Gas.

Eyes on tech and US market reaction

Investors across the region were also keeping a close watch on Asian chip stocks.

This heightened attention followed a stellar earnings report from US artificial intelligence heavyweight Nvidia on Wednesday, which posted stronger-than-expected earnings and revenue, driven by a remarkable 73% year-over-year surge in its data center business.

The positive sentiment extended to US futures, which rose, buoyed by both the court ruling on tariffs and Nvidia’s strong earnings.

Futures tied to the S&P 500 jumped 1.44%, while Nasdaq 100 futures gained 1.76%.

Dow Jones Industrial Average futures added a significant 483 points, or 1.15%.

This came after a lower close for the three major US stock averages overnight on Wednesday, as investors had parsed the latest earnings reports and Federal Reserve meeting minutes.

On Wednesday, the S&P 500 slid 0.56% to 5,888.55, the Nasdaq Composite shed 0.51% to 19,100.94, and the Dow Jones Industrial Average fell 0.58% to 42,098.70.

The post Asian markets close: Nikkei jumps after US tariff ruling; Sensex gains 321 pts appeared first on Invezz

0
FacebookTwitterGoogle +Pinterest
previous post
USD/JPY forecast: cup and handle forms as Japan bonds jitters rise
next post
Best crypto to buy before May 31: Bitcoin Pepe nears $12.7M target

Related Posts

DocuSign stock price forecast: could explode higher after...

March 11, 2025

European stocks fall after four-day rally as Trump...

July 11, 2025

Citigroup stock needs to flip this price to...

September 16, 2024

OpenAI embraces for-profit model to chase AI dreams

December 28, 2024

China’s New World Development shares up 23% after...

September 27, 2024

Why did HEG shares show over 80% decline...

October 18, 2024

Rite Aid shutting down 27 more locations, bringing...

June 24, 2024

Top tariff-proof S&P 500 index stocks to buy...

April 1, 2025

Why are Kering shares tumbling, and what does...

March 15, 2025

Fed chair Jerome Powell: No sign of stagflation...

May 3, 2024

    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

    • Why is Spain’s economy doing well?

      August 23, 2025
    • India proposes 3-year steel import tariff to counter China

      August 18, 2025
    • Soho House to go private in $2.7B deal led by MCR Hotels

      August 18, 2025
    • As Zelenskiy heads to face Trump, allies hold crisis talks over forced-deal fears

      August 17, 2025
    • US tariffs push India away from Russian oil, bolstering Iraq’s position in Asia

      August 10, 2025

    Categories

    • Business (3,742)
    • Investing (2,766)
    • Latest News (2,040)
    • 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