At the close of the Tokyo stock exchange on Tuesday, the Japanese Nikkei 225 index rose by 6.02 percent. This is reported by the news agency AFP. The increase follows Monday's decline in the index of 7.8 percent.
At the close of the stock exchange, the Topix index rose by 6.26 percent, after the index fell by 7.8 percent on Monday. Nikkei 225 and Topix are the two leading stock indices in Japan. On the Shanghai stock exchange, the broad Chinese SSE Composite index rose by 1.6 percent. at Tuesday's close.
The index fell by 7.34 percent. on Monday, and Monday's decline is thus far from being recovered. On Monday, stock markets in Asia, Europe and the United States were characterized by large falls - but also short-term recoveries.
The declines are seen as a reaction to US President Donald Trump's tariff increases on goods from a wide range of trading partners and China's announced counter-tariffs on American goods.
A basic tariff of ten percent was introduced in the United States on Saturday, while a so-called reciprocal tariff, which varies in size from country to country, will come into effect on April 10. China is one of the countries hardest hit. Goods from China are thus subject to a tariff of 34 percent, which has prompted China to respond with a tariff of 34 percent on American goods.
On Monday, Trump warned that - if China does not back down - he will impose an additional 50 percent tariff on Chinese goods.
But China refuses to bow to the US's "blackmail", the country's Ministry of Commerce wrote in a statement on Tuesday.
- The US side's threat to increase tariffs on China is a mistake on top of a mistake and once again exposes the US's willingness to use blackmail.
- If the US insists on having it its way, China will fight to the end, the Chinese ministry wrote, according to Reuters.
jel /ritzau/
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