Asia Stocks

Asian shares mostly gain as US-China agree to 90-day trade war pause

Asian shares were mostly higher Wednesday as a cautious sense of relief spread through regional markets after the US and China agreed to a 90-day pause in their trade war. Japan's benchmark Nikkei 225 lost 0.8 per cent to 37,874.59. Australia's S&P/ASX 200 shed 0.1 per cent to 8,260.40. South Korea's Kospi surged 1.1 per cent to 2,635.86. Hong Kong's Hang Seng jumped 1.1 per cent to 23,367.57, while the Shanghai Composite gained 0.1 per cent to 3,377.75. The relief over the trade truce between the US and China is tepid among global businesses and investors given uncertainty over how long it might last and where tariffs might go in the months ahead. In the absence of a lasting deal, uncertainty over where tariff rates will settle and the impact of those already implemented will remain key factors in our macroeconomic forecasts, said Brian Coulton, chief economist at Fitch Ratings. A report overnight that showed US inflation unexpectedly slowed last month helped drive buying that .

Asian stocks rise as signs of possible US-China trade talks lift sentiment

China's commerce ministry said on Friday the United States has repeatedly expressed its willingness to negotiate on tariffs and that Beijing's door is open for talks

Asian stocks rise as Trump calms Fed fears, hints at China trade deal

Trump also reiterated he wanted to do a deal with China where tariffs would not be anywhere near 145 per cent, but added that he would set the terms of a deal if Beijing did not enter talks

Asia shares rise on auto gains, bonds hold steady on some tariff reprieve

Trump said on Monday he was considering a modification to the 25 per cent tariffs imposed on foreign auto and auto parts imports from Mexico, Canada and other places

Asian shares sink as China-US trade war escalates; Nikkei dives 5.6%

Asian shares sank Friday after US stocks reversed much of their historic gains from the day before. The deepening worries over President Donald Trump's trade war initially helped pull Japan's Nikkei 225 share index down 5.6%. By mid-morning in Tokyo, it was down 4.7% at 32,969.95. The yen surged against the US dollar, which also lost value against the euro. One dollar bought 143.48 Japanese yen, down from about 146 yen a day earlier. The euro rose to $1.1305 from $1.1195. South Korea's Kospi fell 1.6% to 2,400.34, while in Australia, the S&P/ASX 200 shed 2.1% to 7,552.10. On Thursday, the S&P 500 tumbled 3.5%, slicing into Wednesday's surge of 9.5% following Trump's decision to pause many of his tariffs worldwide. The Dow Jones Industrial Average dropped 1,014 points, or 2.5%, and the Nasdaq composite tumbled 4.3%. But China announced more countermeasures against the United States and losses for US stocks accelerated after the White House clarified that the United States will .

Asian stocks slid after Wall Street surrendered to hit by Trump's tariffs

Asian markets retreated Friday after Wall Street shuddered with a level of shock unseen since the COVID-19 impact tore on Trump's latest set of tariffs' damage on the world's economy. Futures for U.S. stocks and the oil prices declined. Tokyo's Nikkei 225 lost 2.6% to 33,818.18, and Korea's Kospi fell 0.8% to 2,467.14 after the two countries pivoted to negotiating lower tariffs with Trump's administration. Australia's S&P/ASX 200 dropped 1.9% to 7,713.60. Chinese markets were closed for a holiday. Trump announced a minimum tariff of 10% on imports, with the tax rate running much higher on products from certain countries like China and those from the European Union. It's plausible the tariffs altogether, which would rival levels unseen in roughly a century, could knock down US economic growth by 2 percentage points this year and raise inflation close to 5%, according to UBS. Such a hit would be so big that it makes one's rational mind regard the possibility of them sticking as low,

Asian markets slip following Trump's 'reciprocal' tariffs announcement

Asian markets and US futures tumbled Thursday following US President Donald Trump's announcement of big increases in tariffs on imports of goods from around the world. Tokyo's Nikkei 225 index dipped more than 3.4 per cent, but recovered slightly. It was down 2.9 per cent at 34,699.52. Trump said he was imposing a 24 per cent reciprocal tariff on Japan, one of the United States' closest allies. South Korea, also an ally, was hit with a 25 per cent tariff. Its benchmark Kospi slumped 1.9 per cent soon after the opening, to 2,459.30. In Australia, the S&P/ASX 200 fell 1.8 per cent to 7,793.10. The future for the S&P 500 dropped 3% while that for the Dow Jones Industrial Average lost 2 per cent, auguring potential losses when US markets reopen on Thursday. On Wednesday, US stocks whipped through another dizzying day before Trump's unveiling of his Liberation Day tariffs. The S&P 500 rose 0.7 per cent to 5,670.97 after careening between an earlier loss of 1.1 per cent and a ...

Asian stocks rise as easing tariff outlook boosts risk appetite; dollar up

Trump said on Monday automobile tariffs are coming soon even as he indicated that not all of his threatened levies would be imposed on April 2 and some countries may get breaks

Asian shares slip as investors brace for uncertainty, await US jobs report

Asian shares were mostly lower on Friday, with Tokyo's benchmark down more than 2% after a sell-off on Wall Street. US futures and oil prices were higher. Bitcoin was trading near $88,266, down 3.4% according to CoinDesk, after President Donald Trump signed an executive order Thursday establishing a government reserve of bitcoin, a key marker in the cryptocurrency's journey towards possible mainstream acceptance. China reported lower than expected exports and imports for January-February, with exports growing just 2.3% and imports sinking 8.4%, the government said. China's trade data for the first two months of the year are usually combined to make up for distortions from Lunar New Year holidays. US stocks fell after President Donald Trump offered another temporary reprieve from his 25% tariffs on many goods imported from Mexico and Canada, underscoring the uncertainty the tariffs have created for the global economy. Investors showed little enthusiasm, unlike the bounce stocks got

Asian shares rebound as investors cheer Trump's pullback on some tariffs

Asian shares were mostly higher Thursday, tracking a rebound on Wall Street after President Donald Trump pulled back on some of his tariffs hikes. US futures were little changed, while benchmarks surged in Japan and China. Trump's decision to give a one-month exemption for US automakers on his 25% tariffs for Mexican and Canadian imports raised hopes he may avoid a worst-case trade war that grinds down economies and sends inflation higher. Tokyo's Nikkei 225 index gained 0.8% to 37,704.93. Japanese automakers' shares surged in US trading, though Toyota Motor Corp's shares fell back in Tokyo trading. losing 1%. Honda Motor Corp. gained 2% and Nissan Motor Co. rose 1.1%. Hong Kong's Hang Seng index jumped 3.3% to 24,362.68 following Chinese government reports to the annual legislative session that showed a greater resolve by Beijing to boost consumer spending and other domestic demand. The Shanghai Composite index advanced 1.2% to 3,381.10. South Korea's Kospi jumped 0.7% to 2,576.

Asian stocks stutter after Trump vows tariff on auto, drugs, chips

NEW YORK/SINGAPORE (Reuters) -Asian stocks wavered on Wednesday after the S&P 500 and European shares ended at record highs, in the face of U.S President Donald Trump's latest tariff threats on auto, semiconductor and pharmaceutical imports.

Asia shares rise on tech gains, Japan's yen boosted by strong GDP growth

For now, investors were just relieved that major tariffs had not already been introduced and MSCI's broadest index of Asia-Pacific shares outside Japan firmed 0.3 per cent

Asia shares slip, dollar up with yields as Trump's trade tariffs loom

China's retaliatory tariffs on some US exports are due to take effect on Monday, with no sign as yet of progress between Beijing and Washington

Asian stocks slump, dollar soars as Trump tariffs trigger trade war

Trump slapped Canada and Mexico with duties of 25 per cent and China with a 10 per cent levy at the weekend, as he had threatened last month, calling the measures necessary

Asia equities slide with US futures on China's AI push; dollar firms

US Nasdaq Composite futures tumbled 1.8 per cent as of 0158 GMT and S&P 500 futures sank 0.9 per cent

Asian shares helped by China uplift, Trump's tariff plan hangs in air

The big moves in Chinese stocks helped lift MSCI's broadest index of Asia-Pacific shares outside Japan up 0.11 per cent, reversing its losses from earlier in the sesion

Asian stocks mixed ahead of US inflation data that could direct Fed rates

Asian stocks were mixed Wednesday followed Wall Street's mostly positive performance ahead of key US inflation data that could influence the pace of market-boosting rate cuts by the Federal Reserve. US futures and oil prices were little changed. Tokyo's Nikkei 225 index edged 0.1% higher to 38,505.54. The Kospi rose 0.2% to 2,502.94 after South Korean law enforcement officials detained impeached President Yoon Suk Yeol on Wednesday in connection with his failed declaration of martial law last month. South Korea's unemployment rate reached 3.7% in December on a seasonally adjusted basis, the highest since June 2021, amid political uncertainty, the government reported. The Hang Seng in Hong Kong added 0.2% to 19,264.46 after media reported that President-elect Donald Trump's incoming economic team is discussing gradually ramping up tariffs in different phases. The Shanghai Composite shed 0.3% to 3,232.98. Australia's S&P/ASX 200 was flat at 8,233.10. On Tuesday, the S&P 500 rose

Asian stocks, dollar hold on 'cautious trade' to close out strong 2024

Volumes were light with holiday for New Year looming and Japan on holiday for the rest of the week, with the Santa-rally losing some steam as elevated Treasury yields weigh on high equity valuations

Asian stocks dive after Fed flags slower rate cuts, BOJ decision awaited

Asian stocks have taken the cue from Wall Street, with MSCI's broadest index of Asia-Pacific shares outside Japan down 1 per cent

Asian shares edge higher, dollar firms ahead of central bank meetings

Dollar index, which measures the US currency against six rivals, was steady at 106.77 and on course for 5 per cent gain for the year