Most Asian markets climbed on Thursday, buoyed by a U.S. court ruling that halted President Trump’s planned reciprocal tariffs and tech-sector strength following upbeat earnings from Nvidia.
Tariff Ruling Eases Trade Tensions
The U.S. Court of International Trade ruled that Trump exceeded his authority under the IEEPA when announcing steep, reciprocal tariffs on major trading partners. With S&P 500 Futures up 1.6% and Nasdaq 100 Futures rallying 2%, Asian bourses followed suit, reflecting relief that the so-called “liberation day” levies won’t proceed—at least for now.
To stay ahead of key trade-policy dates and legal developments that can sway markets, traders can track upcoming events with the Economics Calendar API, which flags court rulings, tariff deadlines, and other macro catalysts.
Tech Stocks Lead the Charge
Nvidia’s strong earnings report ignited gains across the region’s technology sector. In Seoul, KOSPI outperformed peers, in part due to memory-chip suppliers like Samsung Electronics and SK Hynix rallying on the Nvidia news.
For a comparison of how tech valuations stack up across markets, use the Sector P/E Ratio API, which provides real-time P/E multiples for the Technology sector in Japan, Korea, Taiwan, and beyond.