Asia-Pacific markets rose Tuesday, rebounding from previous session’s losses over U.S. President Donald Trump’s tariff policy and threats of even higher levies against China.
In Japan, the Nikkei 225 recouped 1,876 points, or 6%, to 33,012.58.
In Hong Kong, the Hang Seng gained 299.38 points, or 1.5%, to 20,127.68.
Hong Kong’s stock market led losses in the region on Monday, with the Hang Seng Index plummeting over 13% to log its steepest one-day decline since 1997.
CHINA
In Shanghai, the CSI 300 recovered 61.32 points, or 1.7%, to 3,650,76
Trump on Monday threatened additional 50% tariffs on China if Beijing did not lift its duties on U.S. imports.
Trump stuck to his aggressive global tariffs strategy over the weekend, with an initial unilateral 10% tariff going into effect Saturday. Wall Street had been hoping for signs of progress in negotiations between the U.S. and other countries, with the ‘reciprocal’ tariffs set to begin on April 9.
In other markets
In Singapore, the Straits Times Index lost 71.03 points, or 2%, to 3,469.47
In Korea, the Kospi inched forward 6.03 points, or 0.3%, to 2,334.23
In Taiwan, the Taiex collapsed 772.4 points, or 4%, to 18,459.95
In New Zealand, the NZX 50 regained 115.56 points, or 1%, to 11,891.44
In Australia, the ASX 200 tallied 166.72 points, or 2.3%, to 7,509.98.