Market

Asian Markets Rally as China Pledges Strong Response to New US Tariff Threats

Asia-Pacific Markets Respond Positively to China's Stance

In a significant development, Asia-Pacific markets experienced a notable rise on Tuesday. This surge came as China firmly reiterated its commitment to "fight to the end" against the backdrop of renewed tariff threats by US President Donald Trump. The announcement has injected a wave of optimism across regional markets.

Japan and South Korea Show Strong Performance

Japan's Nikkei 225 led the charge with an impressive 5.20% increase, while South Korea's Kospi also saw gains, albeit more modest at 0.26%. The positive sentiment was mirrored in Hong Kong and mainland China, with the Hang Seng and Shanghai Composite both posting healthy advances.

Australia and Currency Markets React

Australia's S&P/ASX 200 wasn't left behind, climbing 1.90%. Meanwhile, the dollar experienced a slight dip against the Japanese yen, highlighting the nuanced reactions across different financial instruments to the ongoing trade tensions.