Asia-Pacific markets experienced modest growth as investors anticipated President Donald Trump's tariff announcements, despite market volatility.
Asia-Pacific Markets Rise
On Wednesday, Japan's Nikkei 225 surged by 0.06% and South Korea's Kospi increased by 0.14%. The small-cap Kosdaq index rose 0.12%, while Australia's S&P/ASX 200 traded 0.63% higher. However, Hong Kong's Hang Seng Index futures last traded at 23,150, down from Tuesday's close of 23,206.64.
US Stock Market Dynamics
US stock futures improved slightly. The S&P 500 gained 0.38% to close at 5,633.07, the Nasdaq Composite rose 0.87% ending at 17,449.89. Meanwhile, the Dow Jones Industrial Average dropped 0.03% to 41,989.96.
Donald Trump's Tariff Announcements
President Donald Trump claimed that the expected reciprocal tariffs will be relatively lower than those charged by other countries. He argued that other nations have taken advantage of the US, and the tariffs will help reclaim the country's wealth, describing it as the country's 'rebirth'. Trump is expected to announce his tariff plan on Wednesday.
Markets remain on edge as they await President Donald Trump's official tariff announcements, with investment strategies continuing to adapt to possible changes.
