Asian stocks are progressing to a tranquil day on Wall st, despite difficult talks about rates

New York, April 29 (AP) Asian stocks were mostly higher on Tuesday after US shares drove to a mixed, tranquil finish before a busy week of corporate earnings and economic data that could cause more volatility. US futures have risen higher and oil prices have fallen. Tokyo’s markets were closed for a holiday. Hong Kong’s Hang Seng was almost unchanged at 21,969.67, while the Shanghai composite index was 0.1% lower, to 3,285,68. In South Korea, the KOSPI jumped 0.7% to 2,565.42. Australia’s S&P/ASX 200 also rose 0.9%to 8,070.60. Taiwan’s Taiex rose 1%, while the Sensex in India was less than 0.1% higher. A recent relative silence in trade has brought a rest time of the sharp swings that have been shocked markets for weeks, because the hope has come up and has fallen that President Donald Trump could fall back on his trade war. The Trump administration seems to have made little advantage to find a way forward with Beijing, with both sides demanding that the other needs make the first step. Treasury secretary Scott Besent, who spoke at CNBC, said he believes China wants a ‘unbundling’ in the trade war. “I do have an escalation letter in my rear pocke, and we are very anxious not to use it.” “Maybe they’ll call me one day,” Besent told Fox News. Trump ordered that rates on combined Chinese exports increased to 145%. China fell back with import tax on US goods of up to 125%, although it released some items. Many investors believe that Trump’s rates could cause a recession if left unchanged. The S&P 500 halved the decline on Monday that took it almost 20% under the record earlier this year. The S&P 500 rose 0.1%on Monday to 5,528.75, extending the finish line to a fifth day. The Dow Jones industrial average added 0.3% to 40,227.59, and the Nasdaq compost fell 0.1% to 17,366,13. Mixed trading for some influential technical shares before their earnings reports This week, the S&P 500 drew back and forth between modest profits and losses for a large part of Monday. Amazon fell 0.7%, Microsoft fell 0.2%, Meta platforms added 0.4%and Apple rose 0.4%. Apart from Big Tech, Caterpillar, Exxon Mobil and McDonald’s managers can also provide clues this week on how they see economic conditions play out. Several businesses in the industries have already reduced their estimates for emerging profits or drawn their predictions completely due to uncertainty about what will happen to Trump’s rates. A fear is that Trump’s unpleasant rates may push households and businesses to change their expenses and freeze plans for long -term investment because it can change quickly, apparently through the hour. So far, economic reports appear to be showing that the US economy is still growing, although it is at a weaker rate. Economists expect a report to say that US economic growth has delayed to an annual rate of 0.8% in the first three months of this year, lower than a rate of 2.4% at the end of last year. Most reports so far have focused on data on April 2 on the “liberation day” of Trump, when he announced tariffs that could affect the importation of countries worldwide. This could increase interests for emerging reports on the US job market, including Friday, which will show how many workers have rented throughout April. Economists expect it to show a slowdown in the appointment of 125,000 from 228,000 in March. The most scratching economic data recently emerged that shows that US consumers are becoming much more pessimistic about the future of the economy due to rates. The latest lecture on the Conference Council on Consumer Confidence is due on Tuesday. In the bond market, Treasury returns fell further. They have been sinking since a disturbing, unusual returns that are higher in Wall Street and the US government earlier this month. The increase has suggested that investors worldwide may have lost confidence in the reputation of the US bond market as a safe place to park cash. The return on the 10-year treasury was at 4.21%early Tuesday. In other intercourse, US crude oil lost 54 cents to $ 61.51 a barrel. Brent -Ruola gave up 51 cents to $ 64.28 a barrel. The US dollar bought 142.49 Japanese yen, higher than 142.02 yen. The euro dropped from $ 1,1422 to $ 1.1387. (AP) AMS first published: 29 Apr 2025, 01:18 pm Ist