Stock markets in the Asia-Pacific region showed signs of recovery following Monday’s significant losses linked to fears about consumer finances amid US President Donald Trump’s tariffs. Japan’s Nikkei surged nearly 6 percent after a 7.8 percent drop, reaching 32,946.50 yen, while Seoul’s Kospi gained nearly 2 percent. However, Taiwan’s Taiex index fell over 5 percent, and Australian stocks, boosted by banking and mining shares, rose 1.1 percent. In Hong Kong, the Hang Seng Index increased by 1.66 percent, but Shanghai’s Composite Index fell slightly. Investor sentiment remained cautious due to ongoing US-China trade tensions.
Stock markets in the Asia-Pacific region displayed recovery signs after Monday’s substantial losses due to concerns over consumer finances amid US President Donald Trump’s tariffs. Japan’s Nikkei rebounded nearly 6 percent post a 7.8 percent decline, reaching 32,946.50 yen, while Seoul’s Kospi rose nearly 2 percent. Conversely, Taiwan’s Taiex index fell over 5 percent, and Australian stocks increased by 1.1 percent, driven by banking and mining shares. The Hang Seng Index in Hong Kong gained 1.66 percent, while Shanghai’s Composite Index saw a slight decline. Caution prevailed due to ongoing US-China trade tensions, with China vowing to counteract US tariffs and threatening retaliatory measures against Trump’s plans. Despite trade war escalations, analysts noted signs of optimism in Asian markets.
