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ASIA STOCKS: Asian Equities Mostly Higher Following Early Volatility

ASIA STOCKS
EM BulletFixed Income BulletsBulletAPACEmerging Market NewsForeign Exchange BulletsMarkets

Asian stocks experienced volatile trading on Tuesday as investors reacted to US President Donald Trump's initial policy actions and trade comments. The MSCI Asia Pacific Index rose 0.5% after fluctuating between gains and losses. While Trump confirmed tariffs of up to 25% on Mexico and Canada by February 1, he held off on outlining specific measures against China, leaving the door open for future negotiations.

  • Trump signaled potential tariffs on Chinese goods if Beijing blocks TikTok's sale but avoided committing to immediate China-specific levies.
  • Technology stocks led the region, buoyed by news of a Chinese government chip fund's investment in AI. Renewable energy and electric vehicle stocks fell after Trump withdrew the US from the Paris Agreement and rolled back environmentally-friendly policies. and shares in energy and chemical sectors declined as investors weighed Trump's trade policy.
  • Goldman Sachs’ Kinger Lau forecasted a potential 20% rise in Chinese equities over the next 12 months, suggesting markets can absorb the impact of tariffs.
  • APAC markets: Japanese equities mixed, with the TOPIX -0.10% while the Nikkei trades +0.10%, Hong Kong's HSI +1.20%, China's CSI 300 +0.25%, Taiwan's TAIEX +0.20%, South Korea's KOSPI +0.20%, Australia's ASX 200 +0.60%, New Zealand NZX 50 -0.30%
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Asian stocks experienced volatile trading on Tuesday as investors reacted to US President Donald Trump's initial policy actions and trade comments. The MSCI Asia Pacific Index rose 0.5% after fluctuating between gains and losses. While Trump confirmed tariffs of up to 25% on Mexico and Canada by February 1, he held off on outlining specific measures against China, leaving the door open for future negotiations.

  • Trump signaled potential tariffs on Chinese goods if Beijing blocks TikTok's sale but avoided committing to immediate China-specific levies.
  • Technology stocks led the region, buoyed by news of a Chinese government chip fund's investment in AI. Renewable energy and electric vehicle stocks fell after Trump withdrew the US from the Paris Agreement and rolled back environmentally-friendly policies. and shares in energy and chemical sectors declined as investors weighed Trump's trade policy.
  • Goldman Sachs’ Kinger Lau forecasted a potential 20% rise in Chinese equities over the next 12 months, suggesting markets can absorb the impact of tariffs.
  • APAC markets: Japanese equities mixed, with the TOPIX -0.10% while the Nikkei trades +0.10%, Hong Kong's HSI +1.20%, China's CSI 300 +0.25%, Taiwan's TAIEX +0.20%, South Korea's KOSPI +0.20%, Australia's ASX 200 +0.60%, New Zealand NZX 50 -0.30%