Asian stocks surged on Tuesday after U.S. President Donald Trump postponed planned tariffs on Canada and Mexico, easing immediate trade war concerns. The delay provided a relief rally following Monday’s steep declines triggered by Trump’s initial tariff announcement.
Trump had announced a 25% tariff on imports from Canada and Mexico, alongside a 10% levy on Chinese goods, effective February 4. However, after discussions with Canadian and Mexican officials, he agreed to delay the tariffs on Mexico and Canada by 30 days, reducing the risk of supply chain disruptions and offering a potential window for further negotiations.
Japan’s Nikkei 225 rose 1.5%, while TOPIX gained 1.4%. South Korea’s KOSPI jumped 1.8%, rebounding from a multi-week low. Australia’s S&P/ASX 200 edged up 0.4%, and the Philippines’ PSEi Composite rallied 2%. In contrast, Thailand’s SET Index slipped 0.8%. U.S. stock index futures also gained in Asian trade after Wall Street closed lower on Monday.
Chinese markets remained closed for the Lunar New Year holiday and will reopen on Wednesday. Meanwhile, the U.S. tariffs on Chinese imports were still set to take effect, though investors appeared less concerned, expecting future negotiations and potential economic stimulus from China.
Hong Kong stocks soared as optimism around local artificial intelligence (AI) development drove gains. The Hang Seng Index jumped 3%, led by Semiconductor Manufacturing International Corp (SMIC), which surged 7.2%. Chinese tech giants Xiaomi and Alibaba climbed 5% each, reflecting strong investor confidence in AI-driven growth.
With market sentiment improving and trade uncertainties easing in the short term, investors are closely monitoring further developments in U.S.-China trade relations.


Nikkei Hits Record High as AI Chip Stocks Power Japan Market Rally
US Imposes Fresh Iran Oil Sanctions Despite Progress on Ceasefire Talks
Oil Prices Set for Sharp Weekly Losses as U.S.-Iran Ceasefire Hopes Ease Supply Concerns
Mega IPOs Like SpaceX and OpenAI Could Reshape S&P 500 and Nasdaq 100 Portfolios in 2026
US Launches New Trade Investigation Into Vietnam Over Intellectual Property Concerns
Dollar Gains Slightly as U.S.-Iran Tensions Keep Forex Markets on Edge
Asian Markets Slide as New U.S. Strikes on Iran Spark Investor Caution
Wall Street Hits New Highs as U.S.-Iran Ceasefire Talks Boost Market Sentiment
Gold Prices Slip as Stronger Dollar and Iran Peace Talk Uncertainty Weigh on Market
Wall Street Reaches New Record Highs as AI Boom and Iran Ceasefire Hopes Boost Markets
New World Screwworm Found Near U.S. Border Raises Threat to Cattle Industry and Beef Prices
Oil Prices Fall as Markets Await U.S.-Iran Peace Deal Decision
UK Grocery Inflation Slows to 3.1% as Supermarket Price Pressures Ease in May 2026
ECB’s Philip Lane Warns Middle East Conflict Could Keep Inflation Elevated
U.S. Launches New Strikes on Iran as Trump Signals Peace Deal Uncertainty
Gold Prices Hold Near Record Levels as Inflation Concerns Offset Middle East Ceasefire Hopes
S&P 500 Hits Record High as Tech Rally Slows Amid Iran Peace Uncertainty 



