Asian Stock Markets Surge Amid Hopes of Softer U.S. Tariffs

Asian stocks advanced, spurred by Wall Street's rise, as investors reacted positively to the possibility of restrained U.S. tariffs. Market optimism grew despite looming trade policy risks, with the S&P 500 and Nasdaq reaching significant highs. Analysts remain cautious, noting continued uncertainties in the global trade landscape.

Asian stock markets experienced a notable rise on Tuesday, taking their cue from a robust Wall Street performance. The prospect of less severe U.S. tariffs has bolstered investor risk appetite, while the dollar hovers near recent highs thanks to encouraging economic data.

Investors are closely monitoring the impending tariffs initiated by U.S. President Donald Trump, which have the potential to impact global economic dynamics. Despite Trump's assertion that automobile tariffs are on the horizon, he hinted that not all previously threatened levies will be enforced in early April, offering potential reprieves for some countries.

This situation catalyzed a positive reaction in U.S. markets, with the S&P 500 achieving its highest close in over two weeks and a tech-led rally lifting the Nasdaq by more than 2%. Following this, Asian stocks, including Japan's Nikkei and Taiwan equities, saw gains exceeding 1% on Tuesday morning, while European futures pointed to upward trends during the Asian trading hours.

(With inputs from agencies.)