Asian markets start the day in red, after an appeals court temporarily reinstates Trump tariffs

US markets ended the day in green yesterday, 30^th May, 2025. Markets were buoyed in the morning session by the ruling of US Court of International trade that blocked Trump tariffs. But by afternoon a Federal appeals court put a temporary stay on the order of the US Court of International Trade. It temporarily reinstated most of the tariffs imposed by the US President. This resulted in markets losing some of the gains that they had posted in the morning session.

Nikkei, Hang Seng down by more than 1%

Asian markets have started the day heavily in red after the most recent appeals court ruling in USA. At 8:40 a.m. Indian Standard Time, Nikkei 225 is down by 542.12 points or 1.41%. Hang Seng is down by 338.68 points or 1.44%. Shanghai composite index is down by 10.84 points or 0.32%. KOSPI index is down by 14.84 points or 0.55%.

Indian markets saw a sharp rally in the last half an hour yesterday. Nifty 50 closed the day, up by 81.15 points or 0.33%. Sensex closed the day, up by 320.70 points or 0.39%. Indian markets too are likely to open the day in red today because of negative global cues.

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Source: Dow Jones