Asian stocks mostly rose on Monday after the Supreme Court of the United States struck down a major part of former President Donald Trump’s tariffs policy, which had disrupted global markets last year. The ruling limited the administration’s authority to impose sweeping tariffs, lifting investor sentiment in the region, reports BSS.
Tech firms led the rally, with Hong Kong’s Hang Seng Index climbing more than 2%, driven by gains in e-commerce giants such as Alibaba and JD.com. Seoul’s Kospi hit record highs, supported by advances in chipmakers Samsung Electronics and SK hynix. Singapore, Wellington, Taipei, and Manila also posted gains, while Sydney dipped. Markets in Tokyo and Shanghai were closed for holidays.
The US dollar fell against major currencies, while oil prices dropped over 1%, reflecting eased concerns over trade tensions and hopes for a potential Iran nuclear deal.
Despite the positive market reaction, uncertainty remains as Trump announced alternative global tariffs, signaling continued volatility in trade and equity markets. Analysts caution that future legal challenges could prolong instability in the tariff landscape, keeping investors cautious.
Bd-pratidin English/ Jisan
