Tue Apr 08 02:20:00 UTC 2025: ## Asia-Pacific Markets Rebound After Trump’s Tariff Threats
**Hong Kong, April 24, 2024** – Asia-Pacific markets experienced a significant rebound on Tuesday, recovering from Monday’s sharp losses triggered by President Trump’s escalating tariff threats against China. The Hang Seng Index, which plummeted over 13% on Monday—its steepest one-day decline since 1997—rebounded by 2.25%. Similarly, Japan’s Nikkei 225 surged 6.41%, and South Korea’s Kospi rose 1.7%. These gains followed a day of significant uncertainty and panic selling, with some analysts describing Monday’s rout as the worst in years.
Trump’s threat to impose an additional 50% tariff on Chinese goods if Beijing doesn’t lift its own tariffs has reignited fears of a global economic slowdown. China’s Commerce Ministry issued a strong statement condemning Trump’s actions and vowing to retaliate. Indonesia’s Jakarta Composite, however, fell over 9% after resuming trading post-holiday.
Despite the Asian rebound, concerns remain. Citi analysts warned that if the tariffs trigger a US recession, chip stocks could fall another 20%. Aberdeen Investments is cautiously exploring “bottom fishing” opportunities in the Asian markets, noting that while Asian companies are generally in good shape, the situation remains volatile.
The impact extended beyond equities. Oil prices fell further, fueled by recession fears, with US crude oil dropping 2%. Monday’s trading volume hit an 18-year high, reflecting the market’s anxiety. While US stock futures rose significantly, suggesting a potential recovery, the situation remains fluid and dependent on further developments in US-China trade negotiations. Analysts emphasize the need for policy clarity and diplomatic engagement to restore investor confidence. The impact of Trump’s actions and the potential for further market volatility remain significant concerns.
First Piper 