Asia-Pacific markets climb as investors assess a possible thaw in U.S.-China trade war – CNBC
2025-04-25T04:55:00Z
Asia-Pacific markets rose Friday after Wall Street saw its third straight day of gains as tech stocks rallied.
Asia markets rose after Wall Street gained for a third straight day as tech stocks rallied, with investors assessing the trade climate as the U.S. tones down tariff rhetoric and China reportedly mulls suspending tariffs.
China may waive its 125% tariff on certain U.S. goods, Bloomberg reported citing sources familiar with the matter. Hong Kong’s Hang Seng Index was 0.24% higher, closing at 21,963.09 while mainland China’s CSI 300 traded flat to close at 3,786.99.
Japan’s benchmark Nikkei 225 rose 1.9% to close at 35,705.74 and the Topix added 1.37% to end the trading day at 2,628.03. South Korea’s Kospi climbed 0.95% to close at 2,546.3 while the small-cap Kosdaq rose 0.5% to close at 729.69 as South Korea also reportedly inches closer to striking a trade deal with the U.S.
Australian markets are closed for a holiday.
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