The market rebound initiated by a Wall Street rally continued in Asia, fueled by President Trump's remarks about Federal Reserve Chair Jerome Powell and expectations of a quick resolution to the tariff conflict with China. The S&P 500 experienced a notable recovery after its prior downturn. Stock markets across Asia mirrored this optimism, with Taiwan showing particular gains. Despite the uptick, many investors remain cautious, noting the ongoing volatility linked to trade tensions. Meanwhile, the dollar and Treasury bonds reflected increased investor confidence, and commodities like oil and gold displayed mixed responses.
Markets in Taiwan, whose technology supply chain could be damaged by the tariffs, have been hammered since Mr. Trump took office.
The statement, along with reports that Treasury Secretary Scott Bessent told investors that he expected the tariff standoff with China to ease over the very near future, helped calm the latest trade war jitters.
For many investors, this week's rebound remains an uptick, and the trade tensions have left Wall Street captive to the latest statements from the White House.
The positive wave moved across most of Asia. Japan's Nikkei 225 gained 1.7 percent, Hong Kong's Hang Seng was up 2.4 percent, and the Kospi in South Korea 1.5 percent.
Collection
[
|
...
]