{"id":40170,"date":"2025-05-29T11:35:18","date_gmt":"2025-05-29T11:35:18","guid":{"rendered":"https:\/\/quickassetsmarket.com\/index.php\/2025\/05\/29\/asian-markets-close-nikkei-jumps-after-us-tariff-ruling-sensex-gains-321-pts\/"},"modified":"2025-05-29T11:35:18","modified_gmt":"2025-05-29T11:35:18","slug":"asian-markets-close-nikkei-jumps-after-us-tariff-ruling-sensex-gains-321-pts","status":"publish","type":"post","link":"https:\/\/quickassetsmarket.com\/index.php\/2025\/05\/29\/asian-markets-close-nikkei-jumps-after-us-tariff-ruling-sensex-gains-321-pts\/","title":{"rendered":"Asian markets close: Nikkei jumps after US tariff ruling; Sensex gains 321 pts"},"content":{"rendered":"
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A wave of optimism swept across most Asia-Pacific stock markets on Thursday, with major indices posting significant gains after a US federal trade court delivered a crucial ruling that President Donald Trump had exceeded his authority with his proposed “reciprocal” tariffs. <\/p>\n

This decision, seen as a blow to a key tenet of the president\u2019s economic agenda, provided a strong tailwind for regional equities, including a positive close for Indian benchmarks like the Sensex after an initially volatile session.<\/p>\n

The dominant theme driving market sentiment was the US Court of International Trade’s decision, which effectively blocked the implementation of Trump’s widespread tariff plan. <\/p>\n

This development was widely cheered by investors who have been wary of the potential for escalating trade wars and their detrimental impact on global economic growth.<\/p>\n

The positive reaction was evident across the region.\u00a0<\/p>\n

Japan\u2019s benchmark Nikkei 225\u00a0surged 1.88% to end the day at 38,432.98, with the broader Topix index climbing 1.53% to 2,812.02.\u00a0<\/p>\n

South Korea\u2019s Kospi\u00a0also registered strong gains, rising 1.89% to finish at 2,720.64, while the small-cap Kosdaq climbed 1.03% to 736.29. <\/p>\n

Adding to the positive news flow from Seoul, the Bank of Korea cut its policy rate from 2.75% to 2.5% on Thursday, its lowest level since August 2022, a move that was in line with expectations among economists polled by Reuters.<\/p>\n

In Greater China,\u00a0Hong Kong\u2019s Hang Seng index\u00a0advanced 1.35% to end the day at 23,573.38, while\u00a0mainland China\u2019s CSI 300\u00a0moved 0.59% higher to 3,858.70.\u00a0<\/p>\n

Australia\u2019s S&P\/ASX 200\u00a0edged up 0.15% to close at 8,409.8, rounding out a generally positive day for regional bourses.<\/p>\n

Indian markets: volatile start, positive finish for Sensex<\/h2>\n

Indian headline indices, the BSE Sensex and Nifty, experienced a more nuanced trading day. <\/p>\n

While they started Thursday with a gap-up opening, buoyed by the strong gains in other Asian markets following the US court ruling, they soon slipped lower before staging a recovery.<\/p>\n

The\u00a0BSE Sensex\u00a0ultimately ended the session 320.70 points higher at 81,633.02 as of 3:30 p.m. IST. <\/p>\n

This came after reaching an intraday high of 81,816 in the initial phase of trading. <\/p>\n

Similarly, the\u00a0NSE Nifty50\u00a0settled 81.15 points higher at 24,833.60, after hitting a day’s high of 24,889.<\/p>\n

Sector-wise, Nifty IT was the biggest sectoral gainer in India, advancing 1.4% in the initial session. <\/p>\n

It was followed by Nifty Metal and Nifty Media, which added 0.7% and 0.4%, respectively, while Nifty Pharma also gained 0.3 percent. <\/p>\n

However, Nifty Realty was the top loser, down 0.3 percent, followed by a 0.2 percent fall in Nifty Oil & Gas.<\/p>\n

Eyes on tech and US market reaction<\/h2>\n

Investors across the region were also keeping a close watch on Asian chip stocks. <\/p>\n

This heightened attention followed a stellar earnings report from US artificial intelligence heavyweight Nvidia on Wednesday, which posted stronger-than-expected earnings and revenue, driven by a remarkable 73% year-over-year surge in its data center business.<\/p>\n

The positive sentiment extended to US futures, which rose, buoyed by both the court ruling on tariffs and Nvidia\u2019s strong earnings. <\/p>\n

Futures tied to the S&P 500 jumped 1.44%, while Nasdaq 100 futures gained 1.76%. <\/p>\n

Dow Jones Industrial Average futures added a significant 483 points, or 1.15%. <\/p>\n

This came after a lower close for the three major US stock averages overnight on Wednesday, as investors had parsed the latest earnings reports and Federal Reserve meeting minutes. <\/p>\n

On Wednesday, the S&P 500 slid 0.56% to 5,888.55, the Nasdaq Composite shed 0.51% to 19,100.94, and the Dow Jones Industrial Average fell 0.58% to 42,098.70.<\/p>\n

The post Asian markets close: Nikkei jumps after US tariff ruling; Sensex gains 321 pts<\/a> appeared first on Invezz<\/a><\/p>\n

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A wave of optimism swept across most Asia-Pacific stock markets on Thursday, with major indices posting significant gains after a US federal trade court delivered a crucial ruling that President Donald Trump had exceeded his authority with his proposed “reciprocal” tariffs. This decision, seen as a blow to a key tenet of the president\u2019s economic <\/p>\n","protected":false},"author":1,"featured_media":40171,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-40170","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investing"},"_links":{"self":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/40170","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/comments?post=40170"}],"version-history":[{"count":0,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/40170\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media\/40171"}],"wp:attachment":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media?parent=40170"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/categories?post=40170"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/tags?post=40170"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}