MARKET UPDATE

Asia-Pacific Markets Rise After Wall Street Rallies on Expectations of Softer Trump Tariffs

Asia-Pasifik Naik Setelah Wall Street Menguat karena Ekspektasi Tarif Trump yang Lebih Rendah

Asia-Pacific markets rose Tuesday as Wall Street gained overnight on hopes that U.S. President Donald Trump's tariffs could be be softer than expected.

Australia's S&P/ASX 200 climbed 0.52%. The country's budget will be tabled by Treasurer Jim Chalmers later in the day.

Japan's benchmark Nikkei 225 gained 0.80%, while the broader Topix index increased 0.26%.

Over in South Korea, the Kospi index advanced 0.17% while the small-cap Kosdaq added 0.13%.

Mainland China's CSI 300 traded flat while Hong Kong's Hang Seng Index fell 1.06% at the open.

U.S. futures edged down marginally after the three key Wall Street indexes logged gains overnight.

The Dow Jones Industrial Average jumped 597.97 points, or 1.42%, to end at 42,583.32. The S&P 500 added 1.76% and closed at 5,767.57, while the tech-heavy Nasdaq Composite gained 2.27% to settle at 18,188.59.

Shares of Tesla, which have fallen for nine straight weeks, rose nearly 12%, adding to their Friday gains. Meta Platforms and Nvidia climbed more than 3%.

Source : CNBC

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