Asian shares mark moderate gains in the face of anxiety over Trump's trade war

TOKYO – Asian shares mostly roseate Thursday, contempt the continued fretting implicit President Donald Trump’s commercialized war, with each eyes connected negotiations that conscionable began betwixt the medication and Japan.

Japan's benchmark Nikkei 225 gained 0.7% to 34,142.86 successful greeting trading.

Honda banal terms jumped 1.7% aft the Japanese automaker said it plans to determination its accumulation of the five-door Civic hybrid electrical vehicles for the U.S. marketplace from Japan to the company's works successful Indiana.

Honda Motor Co. didn't accidental the determination was successful effect to Trump's tariff policies but stressed it moves accumulation to wherever determination is demand. Production of the U.S.-bound five-door Civic HEV began astatine the Yorii works extracurricular Tokyo successful February. So acold 3,000 vehicles person been produced determination for the U.S. market.

Trump joined Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick successful the talks with the Japanese delegation successful Washington. “Hopefully thing tin beryllium worked retired which is bully (GREAT!) for Japan and the USA!” Trump wrote successful a societal media station up of the meeting.

Australia's S&P/ASX 200 gained 0.3% to 7,781.00. South Korea's Kospi edged up 0.5% to 2,459.46. Hong Kong's Hang Seng added 0.5% to 21,165.70, portion the Shanghai Composite slipped 0.2% to 3,270.47.

U.S. stocks fell Wednesday aft Nvidia warned caller restrictions connected exports to China volition chisel billions of dollars disconnected its results. The S&P 500 sank 2.2% aft falling arsenic overmuch arsenic 3.3% earlier. Such an magnitude would person vied for 1 of its worst losses successful years earlier the historic, chaotic swings that person upended Wall Street successful caller weeks.

The Dow Jones Industrial Average dropped 699 points, oregon 1.7%, and the Nasdaq composite sank a market-leading 3.1%.

Many investors are bracing for a possible recession due to the fact that of Trump’s tariffs, which helium has said helium hopes volition bring manufacturing jobs backmost to the United States and trim however overmuch much it imports from different countries than it exports. A survey of planetary money managers by Bank of America recovered expectations for recession are astatine the fourth-highest level successful the past 20 years.

The World Trade Organization said Wednesday it expects tariffs to origin a 0.2% diminution successful the measurement of satellite merchandise commercialized for 2025. That’s if the tariff concern remains arsenic it was connected Monday. Trade could shrink by 1.5% this twelvemonth if conditions worsen, the WTO said.

All told, the S&P 500 fell 120.93 points to 5,275.70. The Dow Jones Industrial Average dropped 699.57 to 39,669.39, and the Nasdaq composite sank 516.01 to 16,307.16.

Treasury yields eased successful the enslaved market, taking a limb little pursuing the comments from the Fed’s chair. The output connected the 10-year Treasury fell to 4.28% from 4.35% precocious Tuesday and from 4.48% astatine the extremity of past week.

In vigor trading, benchmark U.S. crude roseate 35 cents to $62.82 a barrel. Brent crude, the planetary standard, gained 23 cents to $66.08 a barrel.

In currency trading, the U.S. dollar roseate to 142.75 Japanese yen from 141.74 yen. The euro outgo $1.1360, down from $1.1401.

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AP Business Writer Stan Choe contributed.

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