Asian stock markets rise after Trump's tariff announcement

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Asian stock markets rise after Trump's tariff announcement
Photo: Kyodo News via AP/TT

In several parts of Asia, stock markets are showing clear gains during Thursday trading after U.S. President Donald Trump backed down from his threat to impose new tariffs on several European countries.

Trump's tariff announcement came on Wednesday evening, local time in Sweden. Japan's Nikkei 225 index rose 1.9 percent in Thursday's trading while the broader Topix rose 0.9 percent. In South Korea, the Kospi rose 2.0 percent.

However, the Hang Seng in Hong Kong was down slightly, at 0.2 percent. Both Shanghai and Shenzhen were also down 0.2 percent.

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By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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