Asian stock markets are rising.

According to CNBC News, stock indices rose across the board. Specifically, Australia's S&P/ASX 200 index gained 0.18% at the open.

Japan's Nikkei average rose 6% on April 8 in a broad rally, after President Trump said he had spoken with Japanese Prime Minister Shigeru Ishiba. The Nikkei 225 index rose 6.14%, while the Topix gained more than 6.52%.

An electronic display board shows the Nikkei average stock index outside a brokerage firm in Tokyo, Japan, in August 2024.

PHOTO: REUTERS

South Korea's Kospi stock index rose 2.26%, while the Kosdaq gained 2.35%. Shares of Samsung Electronics rose about 3% in early trading to 54,500 South Korean won ($37.08).

Hong Kong's Hang Seng index rose 2.25%, while the Hang Seng technology index gained 4.17%. Prior to this, Hong Kong's stock market led regional declines on April 7th, with the Hang Seng index falling more than 13%, marking its biggest single-day drop since the 1997 Asian financial crisis, according to data from FactSet.

During the morning trading session on April 8th, China's CSI index also rose slightly by 0.24%.

On April 7, President Donald Trump threatened to impose an additional 50% tariff on China if Beijing did not lift its tariffs on US imports. On April 8, the Chinese Ministry of Commerce stated that it "resolutely opposes" President Trump's threat of increased tariffs and declared it would take countermeasures to protect its own rights and interests.

Wall Street is expecting positive signs in negotiations between the US and other countries. Higher retaliatory tariffs are scheduled to begin on April 9th.

Murthy Grandhi of the UK-based data and analytics firm GlobalData commented: "Asian stocks suffered their worst decline in years, falling to multi-year lows in a day filled with panic and uncertainty."

He stated: "Concerns about a new trade war have reignited fears of a global economic downturn, shattering already fragile investor confidence. The path forward depends on policy clarity and diplomatic commitment."

Matt Maley of Miller Tabak (US) commented: "We will soon see a strong recovery, but the process of re-evaluating the market according to the real economic outlook will take time. There will be plenty of time for the market to recover when there are clearer signs that the worst phase of the downturn is over."

Source: https://thanhnien.vn/thi-truong-chung-khoan-chau-a-khoi-sac-xanh-185250408093115724.htm