Asian stock markets turn green

Stock indexes rose across the board, with Australia's S&P/ASX 200 up 0.18% at the open, according to CNBC News.

Japan's Nikkei average rose 6% on April 8 in a broad rally after President Trump said he spoke with Japanese Prime Minister Shigeru Ishiba. The Nikkei 225 rose 6.14%, while the Topix rose more than 6.52%.

An electronic board displays the Nikkei stock average outside a brokerage house in Tokyo, Japan in August 2024.

PHOTO: REUTERS

South Korea's Kospi index rose 2.26 percent, while the Kosdaq gained 2.35 percent. Shares of Samsung Electronics rose about 3 percent in early trading to 54,500 South Korean won ($37.08).

Hong Kong's Hang Seng Index rose 2.25%, while the Hang Seng Technology Index rose 4.17%. Hong Kong stocks led the region's declines on April 7, with the Hang Seng Index falling more than 13% and posting its biggest one-day drop since 1997 during the Asian financial crisis, according to FactSet data.

In the morning trading session on April 8, China's CSI index also increased slightly by 0.24%.

President Donald Trump on April 7 threatened to impose an additional 50% tariff on China if Beijing does not remove tariffs on US imports. China's Ministry of Commerce said on April 8 that it "firmly opposes" President Trump's tariff threat and vowed to take countermeasures to protect its own rights and interests.

Wall Street is hoping for signs of optimism in talks between the U.S. and other countries, with higher reciprocal tariffs set to kick in on April 9.

"Asian stocks suffered their worst decline in years, falling to multi-year lows on a day of panic and uncertainty," said Murthy Grandhi at data and analytics firm GlobalData .

“The renewed trade war fears have reignited fears of a global economic slowdown, shattering already fragile investor confidence. The way forward depends on policy clarity and diplomatic commitment,” he said.

Matt Maley at Miller Tabak, a financial firm in the US, said: "We will soon see a strong recovery, but the process of re-pricing the market according to the real economic outlook will take time. There will be more time for the market to recover when there are clearer signs that the worst of the decline is over."

Source: https://thanhnien.vn/thi-truong-chung-khoan-chau-a-khoi-sac-xanh-185250408093115724.htm