Asia Stocks Jump After Tariff Block and Strong Nvidia Results
On May 29, 2025, Asian stock markets moved higher after a U.S. court blocked most of former President Donald Trump’s new tariffs. This made investors feel more relaxed, as the fear of a trade war became less likely.
Japan’s stock market (Nikkei 225) went up by 1.5%. South Korea’s market (KOSPI) rose by 0.6%. Taiwan’s top chip company, TSMC, saw its shares rise over 2%. Hong Kong’s market (Hang Seng Index) also jumped by 2.4%, reaching its highest point since January 2022. A lot of this growth came from rising technology stocks.
Another reason for this market boost was Nvidia’s strong earnings report. The company said its sales went up by 69% compared to last year, reaching $44.1 billion. Nvidia also gave a strong forecast for the next quarter, which made investors even more hopeful. This helped tech stocks around the world move higher.
Impact: With trade fears easing and tech doing well, Asian markets might continue to rise. But any new changes in global politics or the economy could affect this positive trend.