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The Independent UK
The Independent UK
National
Yuri Kageyama

Asian shares jump on hopes tariff war may subside and Trump won't fire Federal Reserve chief

US Federal Reserve Donald Trump United States Elon Musk Pope Francis Tesla Inc. Nasdaq
South Korea Financial Markets - (Copyright 2025 The Associated Press. All rights reserved.)

Asian shares mostly rose Wednesday, with markets showing relief after President Donald Trump indicated he won't dismiss the head of the U.S. Federal Reserve.

Japan's benchmark Nikkei 225 gained 1.7% in morning trading to 34,797.22. Australia's S&P/ASX 200 surged 1.6% to 7,943.00. South Korea's Kospi gained 1.2% to 2,515.19. Hong Kong's Hang Seng added 1.7% to 21,927.92, while the Shanghai Composite was little changed, down less than 0.1% at 3,298.33.

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