Exchange Square Complex will house the Hong Kong Stock Exchange on February 26th, 2025.
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The Asia-Pacific market rose on Tuesday, bounced back from the losses of previous sessions against President Donald Trump’s tariff policies and even higher tax threats on China.
Australia’s S&P/ASX 200 has added 1.92%.
Japan Nikkei 225 It rose 5.31%, while Topix rose 5.65%. sAuuscore’s Cospi rose 0.34%, while the small Cosdaq added 0.96%.
Hong Kong’s Hang Centech index rose 1.58%, while the Hang Centech index rose 3.57%. Hong Kong’s stock markets caused losses in the region on Monday, with the Hangsen index plunging more than 13%, recording the sharpest daily decline since 1997, data from FactSet showed.
Mainland China’s CSI increased by 0.96%.
Trump on Monday China threatened an additional 50% tariff If Beijing fails to lift its US import obligations.
Indonesia’s Jakarta Composite skated over 7.63% after trading resumed following a temporary circuit breaker.
Vietnam’s benchmark index lost 5.6% After returning from a holiday. Thai benchmark set fell on OVEr Since March 2020, 5% has reached its lowest level, LSEG data shows.
Trump stuck to his aggressive global tariff strategy over the weekend, with the first unilateral 10% tariff coming into effect on Saturday. Wall Street wanted signs of progress in negotiations between the US and other countries, but “mutual” tariffs were scheduled to begin on April 9th.
“Asian stocks have been the worst defeat for many years, hitting multi-year lows in a day marked by panic and uncertainty,” said Murthy Grandhi, company profile analyst at Data and Analytics Firm GlobalData.
“The fear of a new trade war has rekindled concerns about a global slowdown and crushed the trust of already vulnerable investors,” he said, adding that the path forward depends on policy clarity and diplomatic involvement.
US stock futures rose after the S&P 500 extended its three-day losses after Trump’s tariff announcement. Futures tied to the S&P 500 were about 1% higher, while Nasdaq-100 futures rose 1.1%. Futures linked to the Dow Jones industrial average jumped 476 points (1.2%).
Overnight in the US, three major averages closed low. The Dow Jones industrial average fell on the third day of President Donald Trump’s tariff rollout, dropping 0.91% at 37,965.60. The Nasdaq composite has settled at 15,603.26 inches 0.10% higher. The S&P 500 will finish at 5,062.25 with a 0.23% throw.
– CNBC’s John Melloy, Hakyung Kim and Tanaya Macheel contributed to this report.
