Asian stocks mark moderate profits in the face of anxiety over Trumps Trade War

Tokyo, Asian stocks mostly rose on Thursday, despite the constant crackling over President Donald Trump’s trade war, with all eyes on negotiations that just began between the administration and Japan. Japan’s benchmark Nikkei 225 achieved 0.7% to 34.142.86 in the morning trading. Honda’s share price rose 1.7% after the Japanese car manufacturer said it intended to move the production of the five-door-civil hybrid electric vehicles for the US market from Japan to the company’s plant in Indiana. Honda Motor Co said the move is in response to Trump’s tariff policy, but emphasizes that it is moving the production to demand. The production of US-bound five-door Civic Hev started in February at the Yorii plant outside Tokyo. So far, 3,000 vehicles have been produced there for the US market. Trump joined Treasury Secretary Scott Besent and trade secretary Howard Lutnick in the talks with the Japanese delegation in Washington. “Hopefully something can be worked out that is good for Japan and the US!” Trump wrote in a social media post before the meeting. Australia’s S&P/ASX 200 rose 0.3% to 7,781,00. South Korea’s Kosspi rose 0.5% to 2,459.46. Hong Kong Hong Kong Hang added 0.5% to 21,165.70, while the Shanghai composition fell 0.2% to 3,270.47. US stocks fell Wednesday after Nvidia warned new restrictions on exports to China, billions of dollars of its results will chisel. The S&P 500 sank 2.2% after falling as much than 3.3% earlier. Such an amount would have been for one of its worst losses in years before the historic, chaotic swings that have increased Wall Street over the past few weeks. The Dow Jones industrial average fell by 699 points, or 1.7%, and the Nasdaq compost sank a leading 3.1%. Many investors are working on a possible recession due to Trump’s rates, which he said that it would bring manufacturing opportunities back to the United States and how much more it imported from other countries than they are exporting. In a survey among global fund managers by Bank of America, it was found that expectations for recession over the past 20 years are at the fourth highest level. The World Trade Organization said Wednesday that it expects tariffs to cause a 0.2% drop in the amount of global trading for 2025. That’s if the tariff situation stays on Monday as it was. Trade could shrink by 1.5% this year if conditions worsen, the WTO said. The S&P 500 told everything with 120.93 points to 5,275,70. The Dow Jones industrial average fell by 699.57 to 39,669,39, and the Nasdaq compound sank 516.01 to 16.307.16. Treasury yields relieved the bond market and took a leg lower after the comments of the Fed’s chair. The return on the 10-year treasury dropped to 4.28% late Tuesday from 4.35% and from 4.48% at the end of last week. In energy trading, the measure of the US crude oil rose by 35 cents to $ 62.82 a barrel. Brent Ru, the International Standard, received 23 cents to $ 66.08 a barrel. In currency trading, the US dollar rose to 142.75 Japanese yen from 141.74 yen. The euro costs $ 1,1360, lower than $ 1.1401. NSA NSA This article was generated from an automated news agency feed without edits to text. First published: 17 Apr 2025, 09:28 AM IST