Asia stocks rise on Trump tariff block; tech boosted by Nvidia cheer
From Investing.com: 2025-05-28 22:55:00
Asian stocks surged on Tuesday after President Trump announced plans to postpone tariffs on Chinese goods, easing trade tensions. Tech shares, including chipmaker Nvidia, also saw gains. The Nikkei 225 rose 1.2%, the Hang Seng Index climbed 0.8%, and the Shanghai Composite Index jumped 1.4%.
Investors were relieved by the tariff delay, boosting market sentiment across Asia. Nvidia shares rose 6% after the company announced strong quarterly earnings, surpassing Wall Street expectations. The positive news from both the US-China trade front and Nvidia’s performance helped lift tech stocks in the region.
The positive market momentum in Asia was also supported by gains in other sectors, with financials and healthcare stocks seeing strong performances. The broader MSCI Asia ex-Japan index rose 0.8%, reflecting the overall optimism among investors following the news of the tariff delay and Nvidia’s impressive earnings report.
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