Nifty 50, Kospi, Nikkei 225, India trade deal
Bombay Gate Gateway of India, Mumbai
Arutthaphon Poolsawasd | Moment | Getty Images
Asia-Pacific markets saw significant gains on Tuesday, with South Korea’s Kospi leading the way by jumping more than 6%. This surge followed gains on Wall Street and was driven by strong performances from index heavyweights SK Hynix and Samsung Electronics.
Despite recent volatility, some analysts view the market movements as a technical correction after a period of unprecedented growth. The structural bull case for Korea remains strong, particularly in the memory cycle sector.
India’s Nifty 50 also rose nearly 5% after news of a trade deal between the U.S. and India, leading to tariff reductions on both sides. This agreement also included increased purchases of U.S. products by India.
In Japan, the Nikkei 225 reached a record high, while Hong Kong’s Hang Seng Index and Australia’s S&P/ASX 200 also posted gains. Australia’s central bank raised its policy rate for the first time since 2023 due to elevated inflation levels.
Investors are closely monitoring gold and silver prices following recent volatility, with both metals showing gains after significant drops. In the U.S., equities rose as investors shrugged off losses in silver and bitcoin.
