Asian stock markets experienced an upswing on Monday, buoyed by a recent decision from US President Donald Trump to temporarily halt tariffs on certain consumer electronics. This announcement sparked a surge in stock prices, particularly in Japan, where technology-related shares saw significant gains. With investor confidence restored, markets in South Korea and other Asian nations joined the rally.
Positive Impact on Japanese Markets
Japan’s stock exchanges showcased notable gains, with the Nikkei 225 climbing as much as 2.2% to reach 34,325.59. Similarly, the Topix Index advanced by 2%, hitting 2,515.53. Key players in the tech sector, such as Advantest Corp., Screen Holdings Co., and TDK Corp., were among the top gainers, each recording increases exceeding 4%.
- Nikkei 225: +2.2% to 34,325.59
- Topix Index: +2% to 2,515.53
- Advantest Corp.: Up more than 4%
- Screen Holdings Co.: Up more than 4%
- TDK Corp.: Up more than 4%
Broader Asian Market Trends
In South Korea, the Kospi index increased by 0.89%, while the Kosdaq experienced a notable uplift of 1.44%. The Hang Seng Index in Hong Kong also posted strong results, surging 449.19 points or 2.15% to settle at 21,363.88. This marked the index’s most robust intraday performance in over two weeks. Over in Australia, the S&P/ASX 200 rose by 0.71%, reflecting the positive sentiment across the region.
Trade Negotiations Heat Up
The optimism in the markets was further fueled by a report from Politico, indicating that Trump is engaged in substantial trade negotiations with key partners in Asia, such as Japan and South Korea. These discussions aim to strengthen existing trade relationships while strategically countering China’s influence in the region.
Indian Stock Market Update
In India, trading was paused on April 14 in observance of Dr. Baba Saheb Ambedkar Jayanti. As a result, the BSE and NSE markets remained closed for the day, with normal operations set to resume on April 15. While equity and derivatives trading was halted, the commodity markets are expected to reopen at 5 PM.
US Stock Futures Rise
In anticipation of these developments, US stock futures showed positive movement on Sunday. The S&P 500 futures rose by 0.6%, while Nasdaq-100 futures climbed 0.9%. Additionally, the Dow Jones Industrial Average futures increased by 0.3%, reflecting a bullish sentiment among investors.
This combination of favorable trade news and market performance indicates a renewed confidence in Asian economies and their potential for growth amid ongoing global trade discussions.
