Asia-Pacific markets rose on Monday as U.S. President Donald Trump halted tariffs on some consumer electronics, boosting risk sentiment.
Japan's benchmark Nikkei 225 index rose 1.37% while the broader Topix index gained 1.41%.
In South Korea, the Kospi index rose 0.88% while the small-cap Kosdaq index gained 1.46%.
Mainland China's CSI 300 index rose 0.57% at the open while Hong Kong's Hang Seng Index gained 1.93%.
Australia's S&P/ASX 200, meanwhile, rose 1%.
Indian markets were closed for a public holiday.
Trump exempted smartphones and computers as well as other devices and components such as semiconductors from his new "reciprocal" tariffs, according to U.S. Customs and Border Protection guidance issued late Friday.
However, Trump and Commerce Secretary Howard Lutnick said Sunday that the exemptions are not permanent, raising more uncertainty.
Trump said in a Truth Social post that the products are still "subject to the existing 20% Fentanyl Tariff, and they are simply moving to a different Tariff ‘band.'"
Several countries in the region are also preparing for trade talks with the U.S. this week.
Trump is engaged in negotiations with countries including Vietnam, India, South Korea and Japan, and is prioritizing existing trading partners that are strategic to countering China, according to two people close to the White House, according to a report by Politico.
Japan's top trade representative Akazawa Ryosei is scheduled to visit the U.S. this week for talks with U.S. Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer, according to local broadcaster NHK. (Newsmaker23)
Source: CNBC
