Nifty 50, Kospi, Nikkei 225, India trade deal
Bombay Gate Gateway of India, Mumbai
Arutthaphon Pools | An | Getty Images
Asia-Pacific markets rose on Tuesday after US President Donald Trump said Washington and India had struck a trade deal and would immediately begin reducing tariffs on each other’s goods.
According to a post on Truth Social on Monday, following a meeting between the two leaders, Trump added that Indian Prime Minister Narendra Modi agreed to increase purchases of US products.
Trump added that under the agreement, India will stop buying crude oil from Russia and instead buy more oil from the United States and potentially Venezuela.
of japan Nikkei 225 While Topix gained 1.94% in value, it gained 2.44% in value. South Korea’s Kospi index gained 3.2%, while the small-cap Kosdaq gained 2.32%.
Hong Kong Hang Seng index futures settled at 26,953, above the gauge’s last close of 26,775.57.
Australia’s S&P/ASX 200 index rose 1.3%. Economists surveyed by Reuters think Australia’s central bank is preparing to raise its policy rate.
Investors will continue to monitor gold and silver prices following recent volatility, which saw silver prices fall nearly 30% last Friday, marking the metal’s worst one-day performance since 1980. Gold also fell almost 10%.
While spot gold last increased by 2.22 percent to $4,769.33 per ounce, silver increased by 3.81 percent to $82.39 per ounce.
In the US, stocks rose overnight as Wall Street began a new trading month as investors ignored recent losses in silver and Bitcoin.
Dow Jones Industrial Average closed at 49,407.66 points, with a 1.05% increase, and the S&P 500 index closed at 6,976.44 points, with a 0.54% increase. The Nasdaq Composite index also increased by 0.56% and ended at 23,592.11 points.
—CNBC’s Sean Conlon and Fred Imbert contributed to this report.
