Asia-Pacific markets jump as Trump pauses tariffs on Canada and Mexico

Asia-Pacific markets jump as Trump pauses tariffs on Canada and Mexico


Tokyo Tower, Tokyo’s famous landmark, rises high above the skyscrapers in Azabu, Roppongi and Toranomon districts. A tilt-shift lens was used in order to obtain a miniature effect.

Krzysztof Baranowski | Moment | Getty Images

Asia-Pacific markets rose Tuesday after Donald Trump paused tariffs on Mexico for a month, while Canada also said the U.S. president had put on hold proposed tariffs on its exports.

Japan’s benchmark Nikkei 225 was trading 1.64% higher, while the broader Topix index advanced 1.27%.

South Korea’s Kospi rose 1.77% while the small-cap Kosdaq gained 2.8%.

Hong Kong’s Hang Seng index started the day up 1.63%.

Over in Australia, the S&P/ASX 200 was up 0.35%.

Chinese markets remain closed for the Lunar New Year holiday.

Overnight in the U.S., stocks traded down following Trump’s decision to pause on the tariffs.

The Dow Jones Industrial Average recovered from steep losses during. The 30-stock index was down 122.75 points, or 0.28%, to close at 44,421.91. At its lows of the day, the Dow was down 665.6 points, or 1.5%.

The S&P 500 slid 0.76% to 5,994.57, while the Nasdaq Composite slumped 1.2% to 19,391.96.

— CNBC’s Sean Conlon and Pia Singh contributed to this report.



Source

China says U.S. and Australia ‘should play a proactive role’ to bolster rare earth supply chains
World

China says U.S. and Australia ‘should play a proactive role’ to bolster rare earth supply chains

FILE PHOTO: Workers transporting soil containing rare earth elements for export at a port in Lianyungang, Jiangsu province, China, Oct. 31, 2010. Stringer | Reuters China on Tuesday responded to the U.S.-Australia critical minerals deal by saying resource-rich rare earth countries should take “a proactive role” in stabilizing their critical minerals supply chains. A spokesperson […]

Read More
CoreWeave CEO says Core Scientific ‘not a need to have’ as shareholder opposition to deal rises
World

CoreWeave CEO says Core Scientific ‘not a need to have’ as shareholder opposition to deal rises

CoreWeave Inc. signage in Times Square in New York, US, on Friday, May 9, 2025. Yuki Iwamura | Bloomberg | Getty Images CoreWeave CEO Michael Intrator told CNBC Tuesday that the firm’s proposed acquisition of Core Scientific would be a “nice to have” rather than a necessity as shareholders prepare to potentially block the deal. In […]

Read More
CNBC Daily Open: More people want the new iPhone — and Apple shares
World

CNBC Daily Open: More people want the new iPhone — and Apple shares

Apple CEO Tim Cook holds new iPhones during an Apple special event at Apple headquarters on Sept. 9, 2025 in Cupertino, California. Justin Sullivan | Getty Images Critics may sneer at the iPhone 17 Pro’s fluorescent orange finish, but Apple’s “Cosmic Orange” smartphone seems to be dazzling where it counts — in sales and shares. […]

Read More