From Financial Modeling Prep: 2025-04-28 03:16:00

Asian stock markets closed unevenly on Monday, with Japan’s Nikkei leading the way with a 0.5% gain. Toyota’s exploration of a $42 billion bid for parts maker Toyota Industries sparked a 5.5% rally for the automaker, boosting the Nikkei further. U.S.–China trade signals remained conflicting, with markets cautious.

In major index moves, the Nikkei 225 rose by 0.5%, while the Hang Seng fell by 0.1%. Toyota Motor’s potential supplier buyout led to a 5.5% surge in its stock, with Nissan and Honda also seeing gains. Trade tensions between the U.S. and China continue to impact market sentiment.

The White House hinted at cutting China tariffs, causing uncertainty in U.S.–China trade relations. Treasury Secretary Scott Bessent later denied talks, keeping the trade outlook murky. China remains firm on negotiations only if threats cease, leading to caution among investors and lower U.S. futures in Asian trading hours.

The Bank of Japan is set to convene on May 1, with expectations of holding rates steady amidst global uncertainty. Key China PMI figures are due on Wednesday, offering insights into the impact of tariffs on Chinese factory activity. Markets remain watchful for any trade announcements and their impact on futures trading.



Read more at Financial Modeling Prep:: Asian Markets Mixed as Toyota Rally Offsets Trade-Tariff Uncertainty