{"id":61646,"date":"2025-07-08T08:33:58","date_gmt":"2025-07-08T08:33:58","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2025\/07\/08\/asian-shares-climb-as-investors-brush-off-trumps-tariff-threats\/"},"modified":"2025-07-08T08:33:58","modified_gmt":"2025-07-08T08:33:58","slug":"asian-shares-climb-as-investors-brush-off-trumps-tariff-threats","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2025\/07\/08\/asian-shares-climb-as-investors-brush-off-trumps-tariff-threats\/","title":{"rendered":"Asian Shares Climb As Investors Brush Off Trump’s Tariff Threats"},"content":{"rendered":"
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Asian stocks ended mostly higher on Tuesday as U.S. President Donald Trump gave an additional three-week grace period for tariff negotiations after unveiling new tariff rates for 14 trading partners. <\/p>\n

The dollar fell while gold was steady as investors weighed Trump’s new tariff threats and global growth risks. Oil traded lower after a decision by OPEC+ to restore more idled capacity.<\/p>\n

China’s Shanghai Composite index surged 0.70 percent to 3,497.48, with banks rallying as investors hunted for yield. Hong Kong’s Hang Seng index climbed 1.09 percent to 24,148.07.<\/p>\n

A weaker yen lifted Japanese stocks, with the Nikkei average closing up 0.26 percent at 39,688.81, led by chip-related stocks. The broader Topix index settled 0.17 percent higher at 2,816.54. Honda Motor rose 0.8 percent and Advantest gained 2.5 percent.<\/p>\n

Nissan Motor plunged 6.4 percent to extend losses for a third consecutive session on reports it is in talks with Taiwan’s Foxconn to let the electronics giant produce electric vehicles at a Japanese plant.<\/p>\n

Seoul stocks extended gains for a second consecutive session, with the Kospi average closing up 1.81 percent at 3,114.95, brushing off uncertainties over U.S. tariff policies. <\/p>\n

Financial and energy shares topped the gainers list, with Hana Financial Group surging 10.3 percent, Woori Financial rallying 8.3 percent and Korea Electric Power climbing 4.5 percent.<\/p>\n

Samsung Electronics dipped half a percent after it projected a far worse than expected 56 percent plunge in second-quarter operating profit.<\/p>\n

Australian markets<\/span> fluctuated before ending marginally higher as the Reserve Bank of Australia held interest rates at 3.85 percent in an unexpected move and a survey showed Australia’s business<\/span> sentiment improved sharply in June.<\/p>\n

Across the Tasman, New Zealand’s benchmark S&P\/NZX-50 index rose 0.74 percent to 12,859.02 on optimism over potential trade deals. <\/p>\n

Overnight, U.S. stocks fell sharply on renewed trade, inflation and growth concerns as President Trump revealed plans to impose new tariffs on imports from at least seven countries.<\/p>\n

Trump, in a series of Truth Social posts, shared signed letters addressed to various world leaders detailing new tariff rates set to take effect on August 1.<\/p>\n

Imports from Japan, South Korea, Malaysia and Kazakhstan are now set to face 25 percent tariffs, according to the letters.<\/p>\n

South African imports will be subject to a 30 percent tariff, while imports from Laos and Myanmar will face a 40 percent tariff.<\/p>\n

Trump also warned that tariffs could be raised above the respective rates if the countries respond with their own tariffs on the U.S.<\/p>\n

The Dow and the tech-heavy Nasdaq Composite both shed around 0.9 percent while the S&P 500 declined 0.8 percent. <\/p>\n<\/p>\n

Business News<\/p>\n<\/div>\n