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Asian stocks climb as Wall Street rebounds on strong US data, Trump tariff delay

IndiaTimes Wednesday, 28 May 2025
Asian markets surged following Trump's EU tariff delay, boosting Wall Street. Japan's Nikkei rose 0.5%, while South Korea's Kospi jumped 1.8% driven by tech gains. Oil prices increased after Chevron's Venezuelan crude export authorization ended. US markets responded positively, with the S&P 500 up 2.1%. Strong US consumer confidence data further fueled the market rally, despite ongoing tariff concerns.
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