Asian markets rise as Wall Street returns to gains; Know the market situation amid tariff dispute

After US President Donald Trump's statement that phones, laptops, and other electronics will not be subjected to heavy import tariffs like other items, tensions in international trade weakened somewhat. Following this, Asian markets advanced on Monday. US futures also advanced after US stocks jumped on Friday. But weakness in the US dollar and rising oil prices have not let Trump's trade war worries fade. Japan's Nikkei 225 advanced 1.8% to 34,189.37 on Monday, with South Korea's Kospi advancing 0.8% to 2,452.42.

Shares in tech-related industries jumped in Monday's first day of trading. Tokyo Electron had a 2% gain, and test equipment manufacturer Advantest advanced 5.4%. South Korea's biggest company, Samsung Electronics, rose 1.4%. Hong Kong's Hang Seng advanced 2.4% to 21,419.59, and the Shanghai Composite Index advanced 0.9% to 3,266.26. China's exports in March rose 12.4% over a year earlier, according to the government.

US President Donald Trump said he was exempting smartphones, computers, and other electronics from tariffs. Earlier on Friday, China announced that it was raising tariffs on US products to 125%. This announcement was made after Trump raised tariffs on imports from China. The Chinese Commerce Ministry said Trump's move was "a small step" towards correcting his wrong move of imposing reciprocal tariffs. He urged Trump to cancel the retaliatory tariffs altogether.

The growing tension between the world's two largest economies could cause widespread damage and is also expected to lead to a global recession. Trump recently announced a 90-day halt on some of his tariffs for countries other than China. Australia's S&P/ASX 200 rose 1.5% to 7,758.70 on Monday. The Taiex rose 0.6% in Taiwan, whose economy is heavily dependent on exports of computer chips and other high-tech goods.

On Friday, the S&P 500 rose 1.8% to 5,363.36, ending a chaotic and historic week. The Dow Jones Industrial Average rose 1.6% to 40,212.7, while the Nasdaq Composite rose 2.1% to 16,724.46.

The yield on the 10-year Treasury was trading at 4.466% on Monday morning. On Friday, it had reached 4.58% in the morning. It was at 4.01% a week ago. Gold rose $4.20 to a new record high of $3,249 an ounce on Monday morning. The uncertainty caused by the trade war is eroding confidence among US buyers, which could impact their spending and hurt the economy, which is growing at a strong rate this year. Wholesale inflation data in the US has come in better than expected. But there are concerns that inflation will rise in the coming months as Trump's tariffs may take their toll on the market.

JPMorgan Chase, Morgan Stanley, and Wells Fargo all three reported better-than-expected profits in the first three months of the year than analysts expected. JPMorgan Chase rose 4%, Morgan Stanley rose 1.4% and Wells Fargo fell 1%. During Monday's trading, the price of US benchmark crude fell 20 cents to $61.30 a barrel and the price of international standard Brent crude fell 20 cents to $64.56 a barrel. The US dollar fell to 143.05 Japanese yen from 143.91 yen. The euro rose to 1.1379 dollars from 1.1320 dollars.