KOSPI and Hang Seng Index Surge with Trump’s Tariff Pause
KOSPI and Hang Seng Index Reaction
KOSPI and Hang Seng Index experienced notable gains following Donald Trump's announcement of a 90-day pause on tariffs for most trading partners, excluding China. The Hang Seng Index soared by 4.5% to 21,169.82 by 10 AM local time, marking its largest ascent since October. Meanwhile, in mainland markets, the CSI 300 Index increased by 1.7%, and the Shanghai Composite Index rose 1.5%. The Nikkei 225 surged 8.2%, pulling Japan’s stock index from bear territory, while South Korea's KOSPI added 5% and Australia’s ASX 200 jumped 4.7%.
Market Movements and Trends
- Exporters and manufacturers led gains on the Hang Seng, with Sunny Optical Technology rising 12%.
- Trump's tariffs announcement sent Wall Street indices soaring, with the S&P500 and Nasdaq gaining 9.5% and 12.2%, respectively.
- ANZ Group's chief economist Richard Yetsenga noted improved global conditions.
Conclusion of the Tariff Pause
While China faces challenges, further stimulus is likely as Beijing seeks to stimulate global demand.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.