Asia's Stock Markets Experience Shocking Turmoil! Japanese Stocks Lead Gains, South Korea Sees Modest Rebound, While Vietnam, Thailand, and Indonesia

TradingKey – Panic over Trump's tariffs eases as U.S. stocks stabilize, but Asian markets show mixed performance.  

On Tuesday, as investors further digested the news of Trump's tariffs, global panic  subsided, and U.S. stocks halted their decline and rebounded. However, Asian stock markets showed significant divergence. Japan's market stood out, leading gains across the region, while Indonesia, Vietnam, and Thailand suffered steep losses.  

As of the latest update, Japan's Nikkei 225 and TOPIX indices had both surged more than 6%, South Korea's KOSDAQ rose 1.1%, and the KOSPI Composite Index edged up 0.26%. In contrast, Indonesia's Composite Index plunged nearly 8%, Vietnam's Ho Chi Minh Index dropped 6.28%, and Thailand's SET Index fell 4.24%.  

The previous day (April 7), global financial markets—particularly in Asia—plunged sharply amid concerns over U.S. tariff  measures.  Vietnam, Thailand, and Indonesia were hit especially hard, facing retaliatory tariffs of up to 46%, 36%, and 32%, respectively.  

Unlike China's firm retaliatory stance, Southeast Asian nations have chosen a more conciliatory approach, pledging to reduce tariffs on U.S. imports and expressing a willingness to continue trade negotiations with the U.S.