Asian markets rallied after U.S. President Donald Trump announced a one-month delay on tariffs for car imports from Mexico and Canada.

Asian stocks were mostly higher after a turbulent session on Wall Street triggered by steep U.S. tariffs on Canada, Mexico, and China, which took effect on Tuesday.

Asian Markets Mixed Amid Strong Chinese Factory Data and Rising US Tariffs

Asian markets mostly traded lower following a subdued session on Wall Street, where the S&P 500 extended its record highs.

Wall Street saw a strong rally, with U.S. stocks closing higher as investors largely brushed off Donald Trump’s latest tariff announcement.

Japan’s benchmark Nikkei 225 dipped by 0.1% in early trading, settling at 38,746.96.