Asian stocks rebound strongly after US President's reversal decision

Stock index board in Jakarta, Indonesia, April 8, 2025. (Photo: Xinhua)

As of 9 a.m. (Vietnam time), in Japan, the Nikkei 225 index increased 7.8% in value to 34,191.85 points, while the TOPIX index also recorded an increase of 7.11%. In Seoul, South Korea's Kospi index increased 5.3%.

Opening the trading session on April 10, China's main stock indexes also maintained their growth, even though US President Donald Trump had just increased the total tax rate to 125%, instead of the previous 104%.

Specifically, the Shanghai Composite Index increased by 1.12%, the Hang Seng Index increased by 1.87% and the Shenzhen Index increased by 2.67%. The reason is that up to 174 Chinese enterprises simultaneously registered to buy shares to support the market.

Other markets in Asia also recorded strong gains, such as Singapore's STI up 6.82%; Malaysia's KLCI up 4.99%; Australia's ASX 200 up 4.75%; New Zealand's NZX 50 up 3.34%. Vietnam's stock market also opened in purple after a series of previous green days.

Asia's gains were fueled by a surge in Wall Street stocks after President Trump unexpectedly reversed a 90-day tariff policy, sending the greenback into the green after days of consecutive sell-offs on growing recession fears.

At the end of the trading session on April 9, the Dow Jones index increased by 7.87% to 40,608.45 points, the S&P 500 index added 9.52% to 5,456.90 points and the Nasdaq index increased the most when it ended the session 12.16% higher than the reference, closing at 17,124.97 points.

Source: https://baotuyenquang.com.vn/chung-khoan-chau-a-phuc-hoi-manh-sau-quyet-dinh-dao-nguoc-cua-tong-thong-my-209838.html