Asian Markets Track Wall Street Gains After Tariff Easing
Asian markets mostly advanced, mirroring Wall Street’s rally following President Donald Trump’s decision to ease some tariffs—at least temporarily.
Japan’s Nikkei 225 jumped 0.9% to 34,336.74, led by strong performances in the auto sector. Toyota surged 4.9% and Honda climbed 4.8%. Sony gained 3.1%, Nintendo edged up 0.3%, Tokyo Electron added 1.1%, and Renesas rose 1.4%.
Australia’s S&P/ASX 200 rose 0.5% to 7,787.40, while South Korea’s Kospi advanced 0.8% to 2,475.25.
Chinese markets were mixed. Hong Kong’s Hang Seng fluctuated before edging up less than 0.1% to 21,423.44, and the Shanghai Composite slipped 0.1% to 3,260.55.
On Wall Street, the global rally was fueled by Trump’s tariff relaxation. The S&P 500 rose 0.8% to 5,405.97, despite giving up an early 1.8% gain at one point. The Dow Jones Industrial Average also gained 0.8% to close at 40,524.79, while the Nasdaq Composite added 0.6% to 16,831.48.
In the bond market, the yield on the 10-year US Treasury fell to 4.378% from 4.463% late Friday.
