Asia markets rise despite Trump hiking South Korea tariffs to 25%, citing trade deal delays
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Asia stock markets rose on Tuesday despite President Trump's increase of tariffs on South Korean imports from 15% to 25%. The rise in markets included Japan's Nikkei up 0.69%, Hong Kong's HSI up 1.03%, and Australia's AS51 up 0.99%. Gold prices climbed over 1% to around $5,070 per ounce. South Korea's Business Survey Index improved, and the Philippines' trade deficit narrowed. China's industrial profits grew 0.6% year-on-year, while the Australian dollar approached its strongest level since January 2023. U.S. stock futures remained stable ahead of a busy earnings week.
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