Asia-Pacific Markets Rise on India-US Trade Deal
Asia-Pacific stock markets climbed on Tuesday after news of a new trade agreement between India and the United States, as investors reacted with optimism to prospects of lower tariffs and stronger bilateral commerce. Indian benchmark indexes showed positive momentum ahead of regional market openings.
Indian Markets Jump
In India, the GIFT Nifty index surged by around 800 points following the announcement of the trade deal, signalling strong buying interest and a possible rally for the BSE Sensex and Nifty50. Traders said the cut in U.S. tariffs on Indian goods to 18 per cent and the expected removal of punitive duties on Russian crude lifted investor sentiment and boosted confidence in export prospects.
Regional Indices Positive
Across the region, other major indexes such as Japan’s Nikkei 225 and South Korea’s Kospi also opened higher on trade optimism, reflecting improved risk sentiment among global investors. Analysts attributed the broader market strength to hopes that lower trade barriers will expand economic activity and attract foreign investment into Asian equities.
However, some market watchers urged caution, noting that full details of the pact’s implementation and its long-term impact on trade flows remain to be seen.
