Asian stock markets rebound

At the opening of trading on April 8, the Nikkei 225 index on the Japanese stock market increased by nearly 6%. The Topix increased by 5.5%.

In South Korea, the Kospi is up 1.7%. The Kosdaq index tracking small-cap stocks is up 2.3%.

Australia's S&P/ASX 200 index rose 0.2% at the open. The gain later widened to 1.1%.

Major Asian stock markets have lost ground for several consecutive sessions after US President Donald Trump announced reciprocal tariffs on all trading partners on April 2. Earlier this week, the Nikkei 225 lost nearly 8%, while the Kospi fell nearly 6%.

Market attention this morning was focused on Chinese stocks, which have not yet opened. Mr. Trump threatened to impose an additional 50% tax on Chinese goods, bringing the total additional tax to 104%, if the country does not withdraw its retaliatory tariffs.

In the first session of the week, the Hong Kong market (China) led the decline in Asia, with more than 13% - the lowest since 1997, according to data firm FactSet.

Wall Street closed the session on April 7 with the Nasdaq Composite up 0.1%. Meanwhile, the S&P 500 and DJIA fell 0.2% and 0.9%, respectively, narrowing significantly from the beginning of the session. Investors expect progress in the US negotiations with other countries, before high reciprocal tariffs take effect on April 9.

US President Donald Trump has repeatedly stressed that he will not delay imposing tariffs, but is willing to negotiate. US Treasury Secretary Scott Bessent said that so far, nearly 70 countries have expressed their intention to balance trade with the US.