Saturday, April 19, 2025
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Asian markets: Hang Seng jumped over 2%

Asian-Pacific markets have risen on Monday because US President Donald Trump pauses customs to some consumer electronics, reinforceing the mood toward risk.

Stocks in Hong Kong led growth in the region, where the Hang Seng index increased by 2.59%, and the Hang Seng Tech Index traded by 3.13% more.

The CSI 300 index in continental China increased by 0.58%.

The Japanese Nikkei 225 reference index increased by 1.58%, while the spread index of Topix increased by 1.50%.

In the southern Korea Kospi index, it added 0.88%, while the small capital Kosdaq progressed 1.60%.

Meanwhile, the Australian S & P / ASX 200 increased by 1.40 percent, transmits SEEbiz.

Indian markets were closed due to a public holiday.

Trump excludes smartphones from their new “reciprocal” customs and computers, as well as other devices and components such as semiconductors, according to US Customs and Border Protection Guidelines published on Friday evening.

However, Trump and the Howard Lutnick trade minister suggested that the exemptions were not permanent, encouraging even more insecurity.

Trump in publication on Truth Social said that these products are still “subject to existing 20% ​​tariffs on Fentanil and only move to another ‘bucket’.

Several countries in the region are also preparing for trade negotiations with the United States this week.

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