Asian markets edged higher on Tuesday, lifted by gains in auto stocks after US President Donald Trump suggested he might ease tariffs on vehicles.
Asian stock markets edged up on Tuesday (15 April), supported by a surge in auto stocks after US President Donald Trump hinted at a possible easing of tariffs on vehicles.
In South Korea, the benchmark Korea Composite Stock Price Index (KOSPI) opened 0.35% higher at 2,464.51 points. In Tokyo, Japan’s Nikkei share average rose 1.1% at the opening, reaching 34,349.01 points.
Chinese stocks opened mixed, with the Shanghai Composite Index down 0.07% at 3,260.68 points, while the Shenzhen Component Index gained 0.02% to open at 9,886.1 points.
Global markets have been volatile over the past week following Trump’s shifting statements on tariffs. Over the weekend, the United States exempted smartphones and computers from new “reciprocal” tariffs, though Trump warned that levies would be introduced eventually. This move followed a 90-day postponement of most global tariffs.
Hungarian Prime Minister Viktor Orban faces political challenges as U.S. tariffs threaten Hungary's economy. With opposition parties gaining momentum ahead of the 2024 elections, critics argue for a Europe-focused approach, criticizing Orban’s ties with Trump and his economic handling.
The IMF has lowered global and U.S. economic growth forecasts, citing Trump-era tariffs and rising uncertainty. Global growth is expected at 2.8% this year, while U.S. growth may slow to 1.8%, with heightened recession and inflation risks.
As trade tensions with the United States reach new heights, China has issued a firm rebuke to the Trump administration’s proposed tariffs of up to 245% on Chinese imports, dismissing the measures as a “tariff numbers game” and vowing not to yield to external pressure.
Chinese President Xi Jinping urged EU unity against tariff "bullying" during Spanish PM Sanchez’s visit, calling for deeper China-EU ties to defend globalization and economic stability amid escalating trade tensions with the U.S.
U.S. President Donald Trump will impose an additional 84% tariff on all Chinese imports starting Wednesday, raising the total tariff rate to at least 104%, according to White House Press Secretary Karoline Leavitt.
France’s prime minister has vowed action after a Muslim worshipper was fatally stabbed in a mosque in what authorities are investigating as a possible Islamophobic crime.
A deadly explosion at Iran’s Bandar Abbas port has left at least 18 dead and over 700 injured, halting operations at one of the country’s most vital trade hubs.
The Kremlin says President Putin confirmed readiness for direct talks with Ukraine during a meeting with Trump’s envoy Steve Witkoff in Moscow.
Australia’s Labor party has promised a free medical advice line and expanded Medicare funding as cost-of-living pressures dominate the election campaign.
U.S. President Trump says American ships should transit the Panama and Suez Canals without charge, renewing calls to assert U.S. control over strategic waterways.
China has rolled out the world’s first 10-gigabit (10G) fixed broadband network in Xiong'an New Area, promising ultra-fast speeds and low latency through cutting-edge optical infrastructure.
Pope Francis's relationship with Azerbaijan has evolved significantly over the years, characterized by diplomatic exchanges, promotion of religious tolerance, and peace advocacy in the Caucasus region.
Russia launched a major missile and drone assault on Kyiv overnight on April 24, killing at least twelve people and injuring 90, including children and a pregnant woman, according to Mayor Vitali Klitschko.
China’s pivot away from U.S. liquefied petroleum gas under new tariffs is shaking global energy flows, slashing demand, and fuelling a scramble for alternatives across Asia, with Middle Eastern suppliers and rival buyers seizing the moment.
A deadly attack targeting tourists in India’s Jammu and Kashmir territory has left at least 20 feared dead, marking the deadliest incident against civilians in the region for years, according to security sources.
President Donald Trump on Thursday signed an executive order aimed at boosting the deep-sea mining industry, marking his latest attempt to boost U.S. access to nickel, copper and other critical minerals used widely across the economy.
Uzbekistan and Iran have agreed to establish a Joint Business Council aimed at fostering development of business ties and facilitating the resolution of issues between entrepreneurs from both countries.
Brussels has fined Apple and Meta over €700 million combined, launching its first crackdown under the Digital Markets Act aimed at curbing big tech’s power and boosting competition in the digital economy.
The Trump administration is considering reducing tariffs on Chinese imports, aiming to ease tensions with Beijing as trade negotiations continue, a source familiar with the matter said on Wednesday.
Iran informed China on Wednesday about ongoing nuclear negotiations with the US, expressing a commitment to diplomacy despite past setbacks and urging stronger bilateral cooperation under their 25-year strategic agreement.
France’s prime minister has vowed action after a Muslim worshipper was fatally stabbed in a mosque in what authorities are investigating as a possible Islamophobic crime.
A deadly explosion at Iran’s Bandar Abbas port has left at least 18 dead and over 700 injured, halting operations at one of the country’s most vital trade hubs.
The Kremlin says President Putin confirmed readiness for direct talks with Ukraine during a meeting with Trump’s envoy Steve Witkoff in Moscow.
Australia’s Labor party has promised a free medical advice line and expanded Medicare funding as cost-of-living pressures dominate the election campaign.
U.S. President Trump says American ships should transit the Panama and Suez Canals without charge, renewing calls to assert U.S. control over strategic waterways.
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