Upwards again in Asia after customs announcement

» Published: February 04 2025

Upwards again in Asia after customs announcement
Photo: Eugene Hoshiko/AP/TT

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It was upwards again for leading stock exchange indexes in Asia in morning trading after the announcement that the US's announced tariffs on Mexico and Canada are being postponed for a month.

More focus is now being placed on what happens with the extra tariffs on goods from China at 10 percent that are set to take effect on Tuesday, if they are not also postponed.

In Tokyo, some of yesterday's index decline was regained, and the Nikkei 225 index was up 1.3 percent, while the broader Topix index rose 1.1 percent.

In Hong Kong, which had its second open day after a week-long holiday closure, the Hang Seng index rose 2.5 percent, and the index for companies listed in China was up another half percent at lunchtime.

The stock exchanges in Shanghai and Shenzhen are still closed for the holiday but will reopen on Wednesday.

In South Korea, the Kospi index was up 1.5 percent.

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

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