On Thursday ( Apr 24 ), Asian markets were mixed after President Donald Trump declared he had” no intention” to fire the US central bank head and made diplomatic remarks about his trade dispute with China.
Trump’s criticism of the Federal Reserve for not cutting interest rates had sparked fears that he would blaze its” Mr. To Later” general Jerome Powell, a major blow to its democracy.
Trump’s retaliation on Wednesday boosted Wall Street, as did his assertion that US levies on China were “very large” and do” come over significantly”
On Wednesday, the broad-based S&, P 500 finished 1 % higher. Additionally, German companies rose, with Frankfurt experiencing a gain of more than 3 %.
In a “destacking,” Trump may even free auto parts from tariffs on China, including those on steel and aluminum, according to the Financial Times.
Tokyo increased by more than 1 %, while Shanghai increased by 0.3 percent and Sydney increased by 0.6 %.
Seoul sagged after established data revealed a surprise economic contraction of 0.1 % in the first three weeks of 2025.
Taipei and Hong Kong both experienced a slight decline.
Over the past 24 hrs, US stocks and government bonds have experienced a reduction protest, according to Hubert de Barochez of Capital Economics.
” But the fact that the rally was largely sparked by conciliatory comment from US President Trump, whose speech is extremely dangerous, raises questions about its viability,” de Barochez said.