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South Korea: Asian stocks rebound after Trump changes course on tariffs

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***FILE FOOTAGE*** SHOTLIST: SEOUL, SOUTH KOREA (APRIL 8, 2025) (ANADOLU – ACCESS ALL) (00:00 - 00:15) 1. EMPLOYEES WORKING IN HANA INFINITY SEOUL TRADING ROOM AS SCREENS SHOW DATA ABOUT ASIAN STOCKS SEOUL, SOUTH KOREA (DEC. 9, 2024) (ANADOLU - ACCESS ALL) (00:15 - 01:10) 2. VARIOUS OF EXTERIOR SHOTS OF KOREA EXCHANGE COMPANY (KRX) 3. VARIOUS OF SCREENS SHOWING DECLINE IN SOUTH KOREAN STOCKS HONG KONG, CHINA (APRIL 7, 2025) (ANADOLU – ACCESS ALL) (01:10 - 02:00) 4. VARIOUS OF FALLING STOCK PRICES DISPLAYING ON HONG KONG STOCK MARKET BUILDING TAIPEI, TAIWAN (APR. 09, 2025) (ANADOLU – ACCESS ALL) (02:00 - 02:37) 5. VARIOUS INTERIOR AND SCREENS OF TAIWAN STOCK EXCHANGE COOPERATION OFFICE(FILE VIDEO) SOUTH KOREA / HONG KONG / TAIWAN : Asian stocks closed with gains Thursday after the US President Donald Trump announced a 90-day pause to his higher tariffs on all nations, except China. Starting last week, stocks saw steep falls after Trump imposed higher tariffs on over 180 nations, ranging from 10% to 50%. But a sigh of relief came Wednesday after Trump's latest decision to pause his "reciprocal tariffs" for 90 days for all countries except China. He said he was raising the tariff rate on China to 125%. Japan’s Nikkei 225 index soared 9.13% or 2,894.97 points to close at 34,609. The Asia Dow, which tracks leading blue-chip companies across the region, jumped 5.94% to 3,868.32 points as of 1010GMT. The Hang Seng Index, a key benchmark for Hong Kong's blue-chip stocks, was up 2.06% to 20,681.78 points. China’s Shanghai Stock Exchange earned 1.16% to 3,223.64 points. ButIndia’s Sensex index dropped by 0.51% to 73,847.15. Trump also said of the standoff with Beijing: “China wants to make a deal. They just don't know how quick to go about it.” China said Thursday that the US is exerting “maximum pressure” and using tariffs as a "weapon,” vowing not to give into Washington's latest trade moves. Beijing will not fear the US’ “selfish” moves, Foreign Ministry spokesman Lin Jian told reporters, adding that Beijing's response “will continue until the end.”

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