Jan 22, 2025
Komal Das
Asian Markets Surge Following Trump’s AI Commitment
India, as an emerging market, is rapidly growing with a young population and significant advancements, becoming a key global economic player.
Traders worried about Trump’s policies post-re-election. Tokyo’s Nikkei 225 rose 1% on SoftBank's Stargate venture with Oracle and OpenAI
Trump’s $500 billion AI investment boosted Japanese chipmakers and led to gains in TSMC, SK hynix, and LS Electric
Markets in Sydney, Singapore, Wellington, and Manila rose, while Hong Kong and Shanghai dropped due to tariff concerns on China
Trump initially focused tariffs on Canada and Mexico but expanded them to China and the EU. He stated that tariffs could be enacted by February 1
Ding Xuexiang warned against protectionism. Despite record exports in 2024, tariffs may slow China's exports in 2025
Asian markets rose on US optimism, with tariffs delayed. The yen eased ahead of a Bank of Japan rate hike
Oil prices stabilized after Trump's energy emergency, with mixed Asian markets and positive US and European stock performances
Key market figures: Nikkei +1.5%, Hang Seng -1.4%, Shanghai -0.9%, Euro/$1.0412, Pound/$1.2336, Dollar/yen 155.67, WTI $75.73, Brent $79.27, Dow +1.2%, FTSE 100 +0.3%
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