Most of the Asian stock markets joined the global price rise, which was fueled by Donald Trump’s first full day of work.
US President Donald Trump’s comments on tariffs cause uncertainty in China. Stock prices in both Shanghai and Hong Kong fell in Wednesday’s trading.
Trump says he’s considering 10 percent tariffs on imports from China.
Elsewhere in Asia, the mood remained more positive, as investors are relieved that heavy tariffs have not been put into effect at least immediately. Trump’s investment plans also provided support for the price rise.
In Tokyo and Taipei, the exchange rates rose by about one and a half percent. Exchange rates in Seoul rose by 0.7 percent.
The rise of the Asian stock markets was supported by a good stock market day in the United States. The S&P index rose there on Tuesday by 0.9 percent, the Dow Jones by 1.2 percent and the Nasdaq by 0.6 percent
AFP, AP