Global Markets Rise on Trump's Policy Reversal on Tariffs and Greenland
Asian and US markets gained as President Trump retracted tariff threats on Europe and ruled out forceful Greenland acquisition, easing geopolitical tensions.
Insights:
On January 23, 2026, global equity markets experienced a modest uptick following US President Donald Trump's decision to retract previous threats of imposing tariffs on European goods and his explicit rejection of acquiring Greenland by force. This policy shift alleviated immediate geopolitical concerns, encouraging investors to increase exposure to risk assets despite ongoing policy uncertainty.
In early Asian trading, the MSCI Asia-Pacific index outside Japan rose 0.4%, while Japan's Nikkei 225 edged up 0.2%. In South Korea, the KOSPI gained 1.1% for the third consecutive day, surpassing the 5,000 mark for the first time on January 22, a milestone attributed to President Lee Jae Myung's lee jae myungmarket reforms and tax policies.
