Upward trend on the Hong Kong Stock Exchange

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Upward trend on the Hong Kong Stock Exchange
Photo: Ng Han Guan/AP/TT

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Many economists have warned of the consequences of US President Donald Trump's announced tariffs, but financial markets have taken the threats with composure.

The Hang Seng index on the Hong Kong exchange was up 2.2 percent when traders took lunch on Friday.

The composite indexes in Shanghai and Shenzhen were also on the plus side, up 0.3 and 0.7 percent, respectively.

South Korea's Kospi index simultaneously pointed to a plus of 0.5 percent.

In Tokyo, the tone was not as positive, with the Nikkei 225 down 0.7 percent after the lunch break, while the broader Topix index was down 0.1 percent.

The conviction is growing that Trump is using the tough words as a negotiating tactic and that he will not make good on all tariff threats.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers

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