Tokyo, Japan – Markets in Asia experienced a boost as Wall Street saw positive trends for the third consecutive day, driven by a rally in tech stocks. Investors are closely monitoring the trade landscape as the United States softens its stance on tariffs and China considers suspending certain tariffs.

According to sources familiar with the matter, China is contemplating waiving its 125% tariff on specific U.S. goods. The Hang Seng Index in Hong Kong increased by 0.64%, while China’s CSI 300 remained steady, closing at 3,786.99. Japan’s Nikkei 225 surged by 1.9% to finish at 35,705.74, and the Topix added 1.37% to end at 2,628.03. South Korea’s Kospi climbed 0.95% to close at 2,546.3, while the Kosdaq rose by 0.5% to close at 729.69 as South Korea made progress towards a trade deal with the U.S.

Australian markets were closed for a holiday, impacting trading activity in the region. Futures linked to the S&P 500 saw a 0.3% increase, with Nasdaq-100 futures gaining 0.4%. Dow Jones Industrial Average futures hovered around the flatline. In the U.S., major stock indexes closed higher, boosted by strong performances from tech giants such as Nvidia, Meta, Amazon, Tesla, and Microsoft.

Louis Navellier, chairman and founder of Navellier & Associates, noted, “Investors are feeling more confident about tariff uncertainties as earnings reports come in. The market appears to be positioning itself for a possible reduction in current high tariffs imposed on China.” The positive outlook on trade and market performance is driving optimism among investors as they navigate current economic dynamics.

Overall, the market sentiment is leaning towards optimism as trade tensions potentially ease between the U.S. and China, coupled with strong performances from tech companies driving stock market gains. As global markets continue to respond to developments in trade policies, investors are closely monitoring any shifts that may impact their investment strategies.