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Asian markets trade in green in early deals on Friday

25 Apr 2025 Evaluate
Asian markets traded in green in early deals on Friday, kindled by the risk appetite in the market amidst ongoing tariff negotiations between the US and several partner countries, particularly China, Japan, South Korea and India. Intensified bets on Fed interest rate cuts also buoyed investor sentiments. South Korea and the US agreed to pursue a July tariff-relief package, with talks focused on autos, shipbuilding, energy, and currency policy before reciprocal tariffs resume. Hang Seng is on track for a gain of over 3%, potentially marking its second straight weekly rise, driven by strong China GDP figures. China's issuance of special bonds is expected to provide fiscal support, potentially mitigating the economic impact of tariffs and easing trade tensions. Japan’s Nikkei advanced for third consecutive session with the softer local currency yen. Additionally, new data revealed that Tokyo's core inflation reached a two-year high of 3.4% in April, complicating the Bank of Japan's efforts to manage rising prices amid pressure from US tariffs.

Nikkei 225 soared by 612.48 points or 1.75% to 35,651.63, Straits Times added by 2.83 points or 0.07% to 3,834.75, Hang Seng bullish by 297.06 points 1.34% to 22,206.82, Taiwan Weighted surged by 449.56 points or 2.31% to 19,928.37, KOSPI Index increased by 23.76 points or 0.94% to 2,546.09, Shanghai Composite rose by 4.90 points or 0.15% to 3,302.19, Jakarta Composite up by 51.08 points or 0.77% to 6,664.56, and FTSE Bursa Malaysia KLCI lifted by 0.42 points or 0.03% to 1,506.94

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