From Financial Modeling Prep: 2025-04-01 06:08:00

Asian stocks rebounded on Tuesday following gains on Wall Street as investors brace for U.S. reciprocal tariffs on April 2. The Reserve Bank of Australia maintained interest rates at 4.10%, aligning with market forecasts. U.S. markets closed higher, but futures dipped on trade tariff concerns. Australia’s economic backdrop remains complex amid global uncertainties.

President Trump plans to impose reciprocal tariffs without exemptions on April 2, followed by a 25% auto import tariff on April 3. U.S. Treasury Secretary confirmed the announcement timing. Investor sentiment is cautious, anticipating demand slowdowns and global growth risks. Asian markets saw relief with dip-buying activity before the tariff news.

Asian markets reacted positively with Japan’s Nikkei and South Korea’s KOSPI leading gains. China’s stock market rose on positive economic data, including a 4-month high in the Caixin Manufacturing PMI. Uncertainty surrounding U.S. trade policy continues to drive market sentiment, with investors closely monitoring the upcoming tariff announcements for further insights.



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