Asia's Stock Markets Experience Shocking Turmoil! Japanese Stocks Lead Gains, South Korea Sees Modest Rebound, While Vietnam, Thailand, and Indonesia

TradingKey – Panic over Trump's tariffs eases as U.S. stocks stabilize, but Asian markets show mixed performance.  

On Tuesday, as investors further digested the news of Trump's tariffs, global panic sentiment subsided, and U.S. stocks halted their decline and rebounded. However, Asian stock markets displayed significant divergence. Japan's stock market stood out, leading gains in Asia, while Indonesia, Vietnam, and Thailand suffered heavy losses.  

As of the latest update, Japan's Nikkei 225 and TOPIX indices both surged over 6%, South Korea's KOSDAQ rose 1.1%, and the KOSPI Composite Index gained 0.26%. Meanwhile, Indonesia's Composite Index plummeted nearly 8%, Vietnam's Ho Chi Minh Index tumbled 6.28%, and Thailand's SET Index dropped 4.24%.  

On April 7, global financial markets—particularly in Asia—plunged sharply due to concerns over U.S. tariffs, with Vietnam, Thailand, and Indonesia facing retaliatory tariffs as high as 46%, 36%, and 32%, respectively.  

Unlike China's retaliatory stance, Southeast Asian nations have opted for compromise, pledging to reduce tariffs on U.S. imports and expressing willingness to continue negotiations with the U.S.