Asian Markets React to Trump and Bessent Comments

Asian markets showed positive movements following comments from President Trump and Treasury Secretary Bessent. Japan’s Nikkei 225 advanced 1.9%, Australia’s S&P/ASX 200 rose 1.3%, and South Korea’s Kospi gained 1.6%. Hong Kong’s Hang Seng improved 2.4%, while mainland China’s Shanghai Composite slipped slightly by 0.1%. Markets had been unsettled by earlier talk that Federal Reserve Chair Jerome Powell’s job was at risk, but relief flowed after Trump stated he had no intention of firing Powell. Bessent also added to the market ease by calling the current tariff stand-off with Beijing ‘unsustainable’. Cryptocurrency markets, including coins such as BTC, ETH, and LTC, and exchanges like Bybit, MEXC, and Coinbase, were closely monitoring the situation for potential impacts.