Global shares showed a mixed response on Tuesday following the inauguration of U.S. President Donald Trump. In Europe, France's CAC 40 gained 0.1%, Germany's DAX remained flat, and Britain's FTSE 100 saw a 0.1% increase. Meanwhile, the future for the S&P 500 was up 0.3% and the Dow Jones Industrial Average gained 0.4%.
Analysts have expressed differing views on the impact of Trump's inauguration on global markets. While some believe it could bring optimism, others are concerned about the potential for higher tariffs affecting market sentiment. Trump's release of an “America First Trade Policy” memo indicated a delay in immediate tariff hikes, easing some immediate concerns.
Worries about the impact of Trump's policies on China have somewhat subsided as both countries have committed to improving relations. In Asia, Hong Kong's Hang Seng index rose 0.9%, while the Shanghai Composite index edged slightly lower. Tokyo’s Nikkei 225 index gained 0.3%, Australia's S&P/ASX 200 rose 0.7%, and South Korea's Kospi saw a marginal decline.
Shares in Fuji Media Holdings rebounded after earlier losses, finishing 2.1% higher. The fluctuation in stock price was influenced by a recent sex scandal reported by a weekly magazine, leading to companies like Toyota Motor Corp. pulling their TV commercials from Fuji TV shows.
In energy trading, benchmark U.S. crude declined to $76.42 a barrel, while Brent crude lost ground to $79.84 a barrel. Currency trading saw the dollar unchanged against the Japanese yen and the euro slightly lower compared to the previous day.
