Tokyo: Asian markets were mixed Thursday, April 24 after President Donald Trump said he had “no intention” to dismiss the head of the American central bank and made conciliation comments on his trade war with China.
Trump's attacks on the federal reserve for not having reduced interest rates had raised fears that he is breaking his head of “Mr Too Late”, Jerome Powell, in a major blow to his independence.
Trump Rowback Wednesday Boosted Wall Streetjust like sound Comments according to which the American prices on China were “very high” And “would descend considerably”.
Large S&P 500 finished 1.7% more Wednesday. European actions have also joined, Frankfurt earning more than 3%.
Trump could also exempt the automotive parts of certain prices on China alongside those in steel and aluminum in a “destroyed”, reported the Financial Times.
Tokyo increased by more than one percent, while Sydney added 0.6% and Shanghai 0.3%.
But Seoul fell after official data showed that the South Korea economy unexpected 0.1% in the first three months of 2025.
Hong Kong and Taipei were also slightly broken down.
“American shares and government obligations have organized a rescue rally in the last 24 hours, because the concerns concerning the independence of the Fed and the trade war have softened,” said Hubert de Barochez to Capital Economics.
“But the fact that the rally was largely aroused by the conciliation remarks of the American president Trump – whose rhetoric is notoriously volatile – raises questions about his sustainability,” said Barochez.
