Tuesday 8th April 2025: Asia-Pacific Markets Rebound After Trump’s Tariff Threats

Global Markets:

•  Asian Stock Markets : Nikkei up 5.64%, Shanghai Composite up 0.72%, Hang Seng up 0.53% ASX up 2.04%
• Commodities : Gold at $3017.35 (1.4%), Silver at $30.07 (1.48%), Brent Oil at $64.65 (1.95%), WTI Oil at $61.26 (1.94%)
• Rates : US 10-year yield at 4.179, UK 10-year yield at 4.6205, Germany 10-year yield at 2.6215

News & Data:

• (USD) Consumer Credit m/m -0.8B  to 14.9B  expected

Markets Update:

Asia-Pacific markets rebounded on Tuesday after a sharp sell-off in the previous session, which was driven by U.S. President Donald Trump’s tariff threats. Trump warned of a potential 50% increase in tariffs on Chinese goods if Beijing did not reduce its own duties on American imports, sparking volatility across global markets.

In response, several major indices in the region posted solid gains. Japan’s Nikkei 225 surged 5.31%, while the broader Topix rose 5.65%. Australia’s S&P/ASX 200 added 1.92%. South Korea’s Kospi edged up 0.34%, and the small-cap Kosdaq increased 0.96%. Hong Kong’s Hang Seng Index rose 1.58%, and its Tech Index jumped 3.57%, rebounding after Monday’s sharp decline of over 13%—its steepest single-day drop since 1997, according to FactSet.

Mainland China’s CSI 300 gained 0.96%, but markets in Southeast Asia remained under pressure. Indonesia’s Jakarta Composite dropped 7.63% following a trading halt triggered by a circuit breaker. Vietnam’s benchmark index fell 5.6% after returning from a holiday, and Thailand’s SET index declined over 5% to reach its lowest level since March 2020, based on data from LSEG.

Meanwhile, U.S. stock futures traded higher following a three-day losing streak sparked by Trump’s tariff announcement. S&P 500 futures rose around 1%, Nasdaq-100 futures gained 1.1%, and Dow Jones futures climbed 476 points, or 1.2%. On Monday, the Dow Jones Industrial Average slipped 0.91% to 37,965.60, while the S&P 500 declined 0.23% to 5,062.25. The Nasdaq Composite was the only major index to notch a gain, rising 0.10% to close at 15,603.26.

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