Asian Markets Respond Positively to China's Stance

Asia-Pacific markets experienced a significant uptick on Tuesday following China's firm declaration to "fight to the end" against the United States' renewed tariff threats. This development has injected a wave of optimism across the region's financial markets.

Global Trade Tensions Escalate

US President Donald Trump's latest warning of imposing a 50% tariff on Chinese goods has sparked a strong reaction from Beijing, with reports indicating that China is preparing countermeasures. Amidst these tensions, Japan has appointed Ryosei Akazawa as its top US trade negotiator, signaling the global ramifications of the ongoing trade dispute.

Market Performances Across Asia

Japan's Nikkei 225 led the charge with a 5.20% surge, while South Korea's Kospi and Hong Kong's Hang Seng also posted gains of 0.26% and 1.32%, respectively. In mainland China, the Shanghai and Shenzhen Composites saw modest increases. Australia's S&P/ASX 200 wasn't left behind, advancing by 1.90%.

The dollar slightly weakened against the Japanese yen, trading at 147.6760, marking a 0.10% decrease.