Asia-Pacific markets traded higher Wednesday, tracking Wall Street gains on expectations that U.S. President Donald Trump’s tariffs could be softer than expected earlier.
In Japan, the Nikkei 225 powered ahead 246.75 points, or 0.7%, to 38,027.29
In Hong Kong, the Hang Seng index recovered 139.07 points, or 0.6%, to 23,483.32, as it dances around the brink of correction.
According to reports from The Wall Street Journal and Bloomberg, the White House’s planned tariffs set for April 2 are expected to be narrow in scope. Trump also on Friday suggested some “flexibility” for his reciprocal tariff plans for trading partners. However, U.S. consumers’ confidence is taking a hit.
In other markets
The CSI 300 in mainland China dipped 12.94 points, or 0.3% to 3,919.36.
In Taiwan, the Taiex index sagged 12.9 points, or 0.1%, to 22,260.29.
In Singapore, the Straits Times index added 9.18 points, or 0.2%, to 3,963.94
In Korea, the Kospi gained 28.13 points, or 1.1%, to 2,643.94
In New Zealand, the NZX 50 heightened 149.67 points, or 1.2%, to 12,334.18.
In Australia, the ASX 200 moved forward 56.51 points, or 0.7%, to 7,998.97.
