- U.S. futures were up this morning in early trading after the S&P 500 rose 2% on Thursday. That’s nice, but the broader global markets have spoken loud and clear ever since President Trump’s “Liberation Day” announcement on trade tariffs: Most Asian markets have performed way better than Western ones. Some, like Japan’s TOPIX, are even in positive territory.
Japan’s TOPIX has been in positive territory for the past six months, up 0.37% for the period. It’s an example of a global trend in the equity markets: The Asian indexes are performing much better than the major U.S. markets. India’s Nifty 50 is within one percentage point of going positive over the same time period.
