Asian stocks mostly rose on Tuesday, buoyed by growing hopes that U.S. President Donald Trump will expand tariff exemptions, especially for the tech and auto sectors. However, gains were tempered by ongoing trade uncertainty and warnings that any exemptions may be temporary.
Japan’s Nikkei 225, South Korea’s KOSPI, and Singapore’s Straits Times Index led regional advances, each gaining between 0.9% and 1.3%, driven by strong performances in technology and automobile stocks. The Taiwan Weighted Index also rose by around 1%. Wall Street’s back-to-back gains and upbeat U.S. bank earnings further supported market sentiment.
The rally in tech stocks followed White House indications that electronics could be excluded from Trump's 145% reciprocal tariffs on China—offering near-term relief for the sector. Still, Trump later clarified the electronics exemption was only temporary and hinted at new tariffs, dampening sentiment. Auto stocks also surged after Trump signaled he may scale back his proposed 25% auto tariffs to mitigate economic impact.
Major automakers with U.S. exposure rallied, with Japan’s Honda and Toyota jumping nearly 5%, and South Korea’s Hyundai gaining 3.7%. Broader optimism over potential tariff rollbacks supported markets across Asia. Australia’s ASX 200 rose 0.5% despite Collins Foods Ltd slumping over 4% on impairment concerns in its Netherlands operations.
Chinese markets remained volatile amid trade tensions. The Shanghai Composite and CSI 300 fell about 0.3%, while Hong Kong’s Hang Seng was flat. Beijing’s 125% retaliatory tariffs on U.S. goods weighed on sentiment, as did concerns over the country's economic outlook. Analysts have started trimming growth forecasts ahead of China’s Q1 GDP release on Wednesday, which will reflect the impact of recent stimulus efforts.
Investors remain cautious with low trading volumes expected before the Good Friday holiday.


U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains
Oil Prices Slip as U.S.–Iran Talks Ease Supply Disruption Fears
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination
U.S. Stock Futures Edge Higher as Tech Rout Deepens on AI Concerns and Earnings
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices
Thailand Inflation Remains Negative for 10th Straight Month in January
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran
Asian Markets Slip as AI Spending Fears Shake Tech, Wall Street Futures Rebound
Australia’s December Trade Surplus Expands but Falls Short of Expectations
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns
Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 



