{"id":422578,"date":"2026-01-22T09:13:07","date_gmt":"2026-01-22T09:13:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/422578\/"},"modified":"2026-01-22T09:13:07","modified_gmt":"2026-01-22T09:13:07","slug":"asian-shares-rise-tracking-wall-street-gains-as-trump-backs-down-on-greenland","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/422578\/","title":{"rendered":"Asian shares rise, tracking Wall Street gains as Trump backs down on Greenland"},"content":{"rendered":"

HONG KONG \u2013 Asian shares mostly advanced on Thursday, tracking Wall Street, after U.S. President Donald Trump walked back from imposing tariffs on eight European countries over Greenland<\/a> and ruled out using military force to take control of the territory.<\/p>\n

The future for the S&P 500 gained less than 0.1% and that for the Dow Jones Industrial Average was virtually flat on Thursday.<\/p>\n

Tokyo\u2019s Nikkei 225 climbed 1.7% to 53,688.89, with technology stocks leading gains. SoftBank Group jumped 11.6% and equipment maker Disco Corp. soared 17.1%. Advantest, which makes testing equipment for computer chips, surged 5%. <\/p>\n

South Korea\u2019s Kospi closed 0.9% higher at 4,952.44 after crossing the 5,000 mark for the first time, as traders cheered. Technology-related stocks drove the rally. Shares of chipmaker SK Hynix picked up 2%, while Samsung Electronics rose 1.9%.<\/p>\n

Hong Kong\u2019s Hang Seng edged less than 0.1% higher to 26,600.68. The Shanghai Composite index edged 0.1% higher to 4,122.58.<\/p>\n

In Australia, the S&P\/ASX 200 gained nearly 0.8% to 8,848.70.<\/p>\n

Taiwan\u2019s Taiex rose 1.6%, while India\u2019s Sensex added 0.2%.<\/p>\n

U.S. markets logged t heir biggest losses since October<\/a> on Tuesday as investors reacted to Trump\u2019s threat over the weekend to slap tariffs of 10%<\/a> on Denmark, Norway, Sweden, Germany, France, the United Kingdom, the Netherlands and Finland for opposing U.S. control of Greenland, sparking concerns over worsening relationships between the U.S. and its European allies.<\/p>\n

But Trump, attending the World Economic Forum in Davos, Switzerland, backed down on Wednesday and said he would not use force to acquire Greenland. The U.S. president also said in a post on his social media site that he had agreed with the head of NATO on a \u201cframework of a future deal\u201d<\/a> on Greenland and on Arctic security.<\/p>\n

The easing tensions drove Wall Street optimism. On Wednesday, the S&P 500 climbed 1.2% to 6,875. The Dow Jones Industrial Average gained 1.2% to 49,077.23, while the Nasdaq composite also rose 1.2%, to 23,224.82.<\/p>\n

Halliburton, the oil field services company, jumped 4.1% following stronger-than-expected profits for the latest quarter. United Airlines rose 2.2% also after better-than-expected quarterly profits. Netflix fell 2.2% even as it reported a stronger profit than expected, as investors focused on factors including a slowing growth of subscribers<\/a>.<\/p>\n

The price of gold fell 0.2% to $4,828.70 per ounce, reflecting investors\u2019 reduced worries, after passing the $4,800 mark ahead of Trump\u2019s reversal of stance on Greenland as many flocked to safe-haven assets.<\/p>\n

In the bond market, U.S. Treasury yields also eased following lessened fear among investors as well as a calming of Japan\u2019s bond market turmoil. The yield on the 10-year Treasury eased to 4.25% from 4.30% late Tuesday.<\/p>\n

Japan\u2019s long-term bond yields surged to records earlier this week after Prime Minister Sanae Takaichi\u2019s decision to call a snap election<\/a> in February. That sparked concerns over her pledges to cut taxes and increase spending, which could hinder efforts to rein in government debt. <\/p>\n

The U.S. dollar rose to 158.75 Japanese yen from 158.27 yen, prompting analysts to speculate that authorities might intervene if the yen falls any further. <\/p>\n

The euro rose to $1.1692 from $1.1687.<\/p>\n

U.S. benchmark crude oil shed 16 cents to $60.46 per barrel. Brent crude, the international standard, fell 24 cents to $65.00 per barrel.<\/p>\n

Copyright 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.<\/p>\n","protected":false},"excerpt":{"rendered":"HONG KONG \u2013 Asian shares mostly advanced on Thursday, tracking Wall Street, after U.S. President Donald Trump walked…\n","protected":false},"author":2,"featured_media":422579,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[4,450,28,12,451,3,118502,452,453,795,800,965],"class_list":["post-422578","post","type-post","status-publish","format-standard","has-post-thumbnail","category-breaking-news","tag-breaking-news","tag-breakingnews","tag-business","tag-donald-trump","tag-headlines","tag-news","tag-sanae-takaichi","tag-top-stories","tag-topstories","tag-u-s-news","tag-washington-news","tag-world-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/422578","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=422578"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/422578\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/422579"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=422578"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=422578"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=422578"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}