Asian stock markets rallied on Wednesday after Beijing and Washington unveiled a follow-up plan building on the ceasefire agreed last month in Geneva. Investors welcomed signs of easing trade tensions and possible tariff rollbacks, fueling a positive sentiment across global markets.

Japan Boosted by Easing Wholesale Inflation

In Tokyo, the Nikkei 225 rose 0.5% in morning trading to 38,385.37 points. The rally was supported by new data from the Bank of Japan, showing that wholesale inflation slowed in May, reducing pressure on the central bank to raise interest rates at its next policy meeting.

Gains Across China, Korea, and Australia

🔹 Hang Seng in Hong Kong advanced 0.8% to 24,364.77

🔹 Shanghai Composite gained 0.5% to 3,402.72

🔹 Australia’s S&P/ASX 200 edged up 0.3% to 8,612.40

🔹 South Korea’s Kospi climbed 0.6% to 2,889.88

Wall Street Continues to Rise Amid Tariff Optimism

U.S. markets extended their gains overnight:

🔹 S&P 500 rose 0.5% to 6,038.81

🔹 Dow Jones gained 0.2% to 42,866.87

🔹 Nasdaq added 0.6% to 19,714.99

This rebound follows a nearly 20% drop from earlier record highs — triggered by fears of recession after President Donald Trump’s tariff announcements. Markets are now pricing in the possibility that the White House will remove trade barriers following deals with foreign governments. The S&P 500 is now just 1.7% below its February peak.

Talks Confirm Direction, But Bring Little New

Some analysts remain cautious. Stephen Innes of SPI Asset Management noted that the recent 48-hour discussions in London didn’t break new ground:

“What did 48 hours of meetings achieve? Apparently, just confirmation that they’ll do what they already promised. Markets wanted substance — they got process.”

Meanwhile, U.S. Commerce Secretary Howard Lutnick expressed confidence in the talks, calling them “really, really productive.” Both sides reportedly paused several tariffs to keep the dialogue going.

Small Business Optimism Rises in the US

A new survey released Tuesday showed a slight uptick in small business confidence in the U.S. during May — another encouraging sign for economic sentiment.

Tesla Rebounds, TSMC Surprises

Key tech stocks also saw positive movement:

🔹 Tesla rose 5.7%, partially recovering from last week’s decline following a public spat between Elon Musk and President Trump.

🔹 Taiwan Semiconductor Manufacturing Co. (TSMC) shares traded in the U.S. jumped 2.6% after reporting a nearly 40% year-over-year revenue increase for May.

Bonds and Oil See Modest Moves

🔹 10-year U.S. Treasury yield slipped slightly from 4.47% to 4.48%

🔹 WTI crude oil rose by $0.08 to $65.06 per barrel

🔹 Brent crude added $0.02 to $66.89 per barrel

Dollar Strengthens, Euro Slips

In currency trading, the U.S. dollar strengthened against the yen, trading at 145.08 JPY compared to 144.84 the previous day. The euro eased slightly, from $1.1425 to $1.1418.



#stockmarket , #Asia , #Tariffs , #Tesla , #forex

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