Asian stocks rebound from Trump 'Liberation Day' shock stronger than US

India, South Korea and Japan show resilience while Vietnam remains vulnerable

20250424 SK JAPAN INDIA TRUMP

As Donald Trump begins to backpedal on his tariff gambit, stocks in much of Asia are rebounding. (Nikkei montage/Source photos by Reuters, Shinya Sawai, and Kosaku Mimura)

JADA NAGUMO

TOKYO -- Stocks in parts of Asia are outperforming their U.S. counterparts as President Donald Trump began to walk back some of the tariff policies he announced at the beginning of the month.

Indian stocks have been particularly resilient. The country's benchmark Sensex index is up over 4% since April 2, when Trump announced sweeping "reciprocal" levies against trade partners while saying, "My fellow Americans, this is Liberation Day."

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