Overseas financial markets and U.S. futures rebound somewhat after wild day on Wall Street
Global markets showed signs of recovery on Tuesday, with overseas shares and U.S. futures making gains following a tumultuous day on Wall Street. The Nikkei 225 in Tokyo surged over 6% as markets reacted to President Trump’s tariff threats. Despite the initial shock, markets calmed slightly as investors awaited further developments.
The rebound in most markets came after a volatile day on Wall Street, where stocks reacted sharply to Trump’s announcement of potential tariff hikes. China’s Commerce Ministry responded by stating that they would “fight to the end” and implement countermeasures against the United States. This uncertainty created a ripple effect across global markets.
In Europe, Germany’s DAX and France’s CAC 40 both saw gains, while Britain’s FTSE 100 also rose. Futures for the S&P 500, Dow Jones Industrial Average, and Nasdaq Composite were all up early Tuesday, indicating a positive start for U.S. markets.
In Asia, the Nikkei 225 closed significantly higher, while Hong Kong and Shanghai also saw gains after significant losses the previous day. South Korea’s Kospi and Australia’s S&P/ASX 200 also showed positive movement. However, markets in Thailand and Indonesia experienced declines as they reopened after holidays.
Taiwan’s Taiex was pulled lower by losses for Taiwan Semiconductor Manufacturing Corp., highlighting the impact of global trade tensions on specific industries. Investors are closely monitoring Trump’s trade policies, with the potential for lower tariffs through trade deals offering hope for market stability.
On Monday, the S&P 500, Dow, and Nasdaq all reacted differently to the uncertainty, reflecting the cautious sentiment among investors. The possibility of a prolonged trade war could further impact stock prices and the overall economy, leading to increased volatility in the markets.
