{"id":41394,"date":"2025-07-08T11:38:27","date_gmt":"2025-07-08T11:38:27","guid":{"rendered":"https:\/\/quickassetsmarket.com\/index.php\/2025\/07\/08\/asian-stocks-end-higher-despite-tariff-turmoil-hang-seng-kospi-surge-over-1\/"},"modified":"2025-07-08T11:38:27","modified_gmt":"2025-07-08T11:38:27","slug":"asian-stocks-end-higher-despite-tariff-turmoil-hang-seng-kospi-surge-over-1","status":"publish","type":"post","link":"https:\/\/quickassetsmarket.com\/index.php\/2025\/07\/08\/asian-stocks-end-higher-despite-tariff-turmoil-hang-seng-kospi-surge-over-1\/","title":{"rendered":"Asian stocks end higher despite tariff turmoil: Hang Seng, Kospi surge over 1%"},"content":{"rendered":"
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Asian equity markets finished mostly higher on Tuesday after US President Donald Trump extended the grace period for a new wave of tariffs targeting 14 trading partners. <\/p>\n

The White House said tariffs ranging from 25% to 40% would go into effect on August 1, but Trump indicated there would be additional room for negotiation, particularly with Japan and South Korea.<\/p>\n

The announcement eased some immediate concerns over trade disruptions and lifted investor sentiment across key regional markets. <\/p>\n

Tariff rates on other countries, including Malaysia, Indonesia, and Laos, remained unchanged in the revised notice.<\/p>\n

Hong Kong stocks rebound after three-day losing streak<\/h2>\n

Hong Kong stocks advanced, snapping a three-day losing streak, as investors bet on more favorable terms emerging from the ongoing trade discussions. <\/p>\n

The Hang Seng Index rose 1.1% to close at 24,148.07, reversing a cumulative 1.4% decline over the previous three sessions. <\/p>\n

The Hang Seng Tech Index also added 1.8%.<\/p>\n

Technology stocks led the gains. Baidu surged 3.6% to HK$88.95, while Kuaishou Technology rallied 5.2% to HK$66.25. <\/p>\n

Xiaomi gained 2.4%, closing at HK$58.65. Alibaba Group Holding advanced 1.5% to HK$107. <\/p>\n

Tencent Holdings rose 0.5% to HK$504.50 after disclosing a share buyback worth HK$501 million (US$63.8 million) on Monday.<\/p>\n

Japan stocks gain on weaker Yen<\/h2>\n

Japanese equities also rose, supported by a weaker yen. The Nikkei 225 closed up 0.26% at 39,688.81, led by chip-related stocks. <\/p>\n

The broader Topix index climbed 0.17% to 2,816.54. Advantest gained 2.5%, while Honda Motor added 0.8%.<\/p>\n

However, Nissan Motor fell sharply, dropping 6.4% to extend losses for a third straight session. <\/p>\n

The decline followed reports that the automaker is in discussions with Taiwan\u2019s Foxconn over potential electric vehicle production at a plant in Japan.<\/p>\n

Other regional markets<\/h2>\n

Seoul\u2019s benchmark Kospi index rose 1.81% to 3,114.95, advancing for a second straight session despite ongoing concerns around US trade policy. <\/p>\n

Financial and utility shares led the rally. Hana Financial Group jumped 10.3%, Woori Financial added 8.3%, and Korea Electric Power climbed 4.5%.<\/p>\n

Australian shares ended marginally higher after a volatile session, with the S&P\/ASX 200 index posting a modest gain. <\/p>\n

The Reserve Bank of Australia surprised markets by holding interest rates steady at 3.85%.<\/p>\n

A business survey showing improved sentiment in June also supported investor mood, although trading remained cautious amid broader global uncertainties.<\/p>\n

Indian equity benchmarks ended modestly higher on Monday after a largely range-bound session, even as global markets grappled with uncertainty following US President Donald Trump\u2019s decision to impose 25%\u201340% tariffs on 14 countries.<\/p>\n

The Sensex rose 270.01 points, or 0.32 percent, to close at 83,712.51, while the Nifty gained 61.20 points, or 0.24 percent, to end at 25,522.50. <\/p>\n

Market breadth was mixed, with 1,889 stocks advancing, 1,990 declining, and 124 remaining unchanged. Broader markets underperformed, ending slightly in the red.<\/p>\n

The post Asian stocks end higher despite tariff turmoil: Hang Seng, Kospi surge over 1%<\/a> appeared first on Invezz<\/a><\/p>\n

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Asian equity markets finished mostly higher on Tuesday after US President Donald Trump extended the grace period for a new wave of tariffs targeting 14 trading partners. The White House said tariffs ranging from 25% to 40% would go into effect on August 1, but Trump indicated there would be additional room for negotiation, particularly <\/p>\n","protected":false},"author":1,"featured_media":41395,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-41394","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\/41394","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=41394"}],"version-history":[{"count":0,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/41394\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media\/41395"}],"wp:attachment":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media?parent=41394"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/categories?post=41394"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/tags?post=41394"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}