Stock markets in the Asia Pacific region were mostly higher on Friday, following reports that Beijing might walk back its 125% tariffs on certain imports from the US.
Some market participants also highlighted more dovish remarks from some Fed officials as another factor behind the gains.
Japan’s Nikkei-225 climbed 1.90% to 35,705.74 and South Korea’s Kospi was up 0.95% to 2,546.30, Taiwan’s TAIEX added 2.02% to 19,872.73 and the Australian All Ordinaries gained 0.61% to 8,175.12.
The Shanghai Stock Exchange’s composite index on the other hand drifted lower by 0.07% to 3,295.06, while the Hang Seng ended off its best level, albeit 0.32% higher at 21,980.74.
“U.S. rate-cut chatter lit the initial spark. Several Fed officials cracked open the policy door, floating the idea of moving earlier than expected if economic data continues to wobble — or if Trump’s tariff gambit starts hitting jobs. That alone gave bulls the green light to…
