Asian Markets Rise After Trump's Trade Deal Announcement

» Published: May 08 2025 at 05:11

Asian Markets Rise After Trump's Trade Deal Announcement
Photo: Eugene Hoshiko/AP/TT

The leading Asian stock exchanges largely pointed upwards after the US President Donald Trump announced overnight on Wednesday that the US had reached an agreement on a trade deal with a "big" country, an agreement that will be presented later during the day.

The composite index in Shanghai and Shenzhen had increased by 0.1% and 0.7%, respectively, by lunchtime.

It was also cheerful in Hong Kong as the Hang Seng grew by 1%.

The lukewarm spring breezes were also felt in South Korea, where the Kospi increased by 0.3%.

In Tokyo, the Nikkei 225 climbed 0.2% while the Topix index went against the trend and lost 0.2%.

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By TTTranslated and adapted by Sweden Herald
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