The screens show that the exchange rates are observed in a traffic room in Hana Bank in Seoul, South Korea, Wednesday, May 28, 2025.
Lee Jin-Man / AP
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Lee Jin-Man / AP
The financial markets welcomed a Decision of the American Court This prevents President Donald Trump from imposing radical prices on imports under an emergency law.
American term contracts jumped early Thursday and oil prices increased by more than $ 1. The US dollar has increased against Yen and Euro.
The court concluded that the international emergency economic powers of the 1977, which Trump cited as a basis to order a massive increase in import rights, does not allow the use of prices.
The White House immediately appealed and it was not clear if Trump would respect the decision in the meantime. The long -term result of legal disputes on prices remains uncertain. But investors seemed to be taken to heart after the months of disorders caused by the Trump trade war.
The future of the S&P 500 increased by 1.5% while that of the industrial average of Dow Jones won 1.2%.
At the start of European trade, Germany gained 0.5% to 24,160.75. CAC 40 in Paris jumped 0.9% to 7,860.67. The British FTSE was almost unchanged at 8,722,63.
The Nikkei 225 Japan index jumped 1.9% to 38,432.98. The biggest American ally in Asia called on Trump to cancel the prices he ordered on imports from Japan and also to stop 25% on steel, aluminum and cars.
The decision also pushed the dollar strongly higher against the Japanese yen. He traded at 145.40 yen early Thursday, against 144.87 yen on Wednesday evening.
A panel of three judges ruled on several proceedings arguing that Trump has exceeded his authority, casting a doubt on trade policies that have shaken the global financial markets, frustrated by trading partners and raised uncertainty about the prospects of inflation and the global economy.
Many Trump’s two -digit price increases are interrupted up to 90 days to give time for commercial negotiations, but the uncertainty they have thrown on world trade has hampered companies and let consumers be wary of what awaits us.
“Just when traders thought they saw each twist in the tariff saga, the hammer fell like a flash on the Pacific,” said Stephen Innes of Spi Asset Management in a comment.
The decision was, at least, “a brief respite before the next thunderbolt,” he said.
Elsewhere in Asia, Hang Seng of Hong Kong added 1.3% to 23,561.86, while the composite index of Shanghai gained 0.7% to 3,363.45.
Australia S&P / ASX 200 won 0.2% at 8,409.80.
In South Korea, which, like Japan, is strongly based on exports to the United States, Kospi jumped 1.9% to 2,720.64. The shares were also helped by the Korean bank decision to reduce its key interest rate to 2.5% by 2.75%, in order to reduce the pressure on the economy.
Taiwan’s Taiex bordered 0.1% less and Sensex from India lost 0.2%.
On Wednesday, American shares were cooled, the S&P 500 dropped by 0.6%, but still at less than 4.2% of its file after having loaded higher in the hope that the worst disorders caused by Trump’s trade war may have succeeded. It was about 20% less from the brand last month.
Dow industrialists lost 0.6% and the Nasdaq composite fell 0.5%.
Trading was relatively silent before a quarterly press release for Nvidia, which intervened after the markets are closed.
Bellwether for artificial intelligence has overcome a wave of turbulence focused on prices to offer another quarter of robust growth thanks to feverish demand for its high power chips that make computers more human. Nvidia’s shares jumped 6.6% of trade after hours.
Like Nvidia, Macy’s shares have also increased from top to bottom for much of the day, even if it declared a lower drop in income and profits from the last quarter that analysts were waiting for it. Its stock ended the day down 0.3%.
The bond market has shown relatively little reaction after the federal reserve published the minutes of its last meeting earlier this month, when it has left its reference loan rate for the third consecutive time. The central bank has drawn interest rates reductions, which would give the economy a boost, in the midst of concerns about inflation remaining higher than hope because of Trump’s radical rates.
In other transactions early Thursday, the yield on the treasure at 10 years increased to 4.52%, compared to 4.47% Wednesday evening.
US reference crude oil gained $ 1.06 at $ 62.90 per barrel. Brent Crude, the international standard, added $ 1.00 to $ 65.32 per barrel.
The euro slipped to $ 1,1280 compared to $ 1,1292.
