May 15th, 2025
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Stock markets in Asia had different results on Tuesday. People were not as happy about the 90-day break in the trade fight between the US and China anymore because some people thought President Trump's plans could change quickly.
The US and China had talks in Switzerland and agreed to lower the taxes on things they buy from each other. The US will lower taxes on things from China, and China will lower taxes on things from the US. This gives them more time to talk more. The US said the talks went well and they made good steps forward.
The result was better than most people thought, and this made investors feel more confident, Stephen Innes of SPI Asset Management said.
He said the meeting was planned carefully. He also said it looked good and was important. This shows that even the government knows that always having taxes on goods is not good for the economy.
But there are still big problems in the talks between China and the US. Also, many countries in Asia have not yet made deals to lower taxes on goods.
Beijing is still clearly angry about the trade war. The Chinese leader said again that no one wins a trade war and that being a bully only makes you alone.
In Tokyo, the stock market called the Nikkei 225 went up by 1.6%. It reached 38,232.21. Car companies like Toyota and Suzuki did very well. Toyota went up by 3.7% and Suzuki went up by 4.3%.
Nissan's share price went up by 3.4%. The company will cut more than 10,000 jobs. This means 20,000 jobs will be lost in total. They are doing this to make the company better.
The stock market in South Korea, called the Kospi, did not change much. The number stayed at 2,606.46.
The stock market in Hong Kong went down 1.5% because people sold many shares of technology companies.
The stock market in Shanghai went up a little, by 0.2%, to 3,376.22. The market in Taiwan also went up 1%.
The main stock market in Australia went up a little, by 0.5%, and it reached 8,274.70.
On Monday, the two biggest economies in the world agreed to lower some of the extra costs on goods they trade with each other.
This made the S&P 500 stock market go up 3.3%. It is now close to its highest point ever, which was in February. It went down a lot after that, but it went up again last month because people hope that President Donald Trump will make taxes on imports lower after he makes trade deals with other countries.
The main stock market price, which many people use for their retirement money, is now higher than it was on April 2nd. This was when Trump said he would put taxes on goods from other countries, which made people worry about the economy getting bad.
The main stock markets, like the Dow Jones and the Nasdaq, went up a lot.
Oil prices went down a little after going up on Monday.
On Monday, the U.S. dollar got stronger compared to other money like the euro and the Japanese yen. On Tuesday, the dollar was a little weaker against the Japanese yen but stronger against the euro.
The US and China stopped talking for a while. Before that, the US made a deal with the UK last week. This deal will make taxes on many UK goods lower, down to 10%. But it will still take a few weeks to finish.
Reports about the economy this week could show how much problems with tariffs have hurt it.
Many shops' shares went up because they sell things from China and other Asian countries. For example, Best Buy's shares went up by 6.6%, and Amazon's went up by 8.1%.
Small companies in the U.S. did very well. Their success depends on the U.S. economy. They did better than big companies. An index of these small companies, called the Russell 2000, went up by 3.4%.
Companies that make clothes and buy many things from China also did well. For example, Lululemon's stock went up a lot, by 8.7%, and Nike's stock also went up, by 7.3%.
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