Global Markets Shift as Wall Street Leads

Asian stocks followed Wall Street's rise, influenced by President Trump's trade policy uncertainties. Speculation of limited tariffs and oil-related measures with Venezuela stirred markets. Major indices showed modest gains across Asia, while currencies fluctuated, and commodity prices signaled a cautious investor approach.

Asian stocks mirrored the trend on Wall Street, gaining momentum on Wednesday. Market participants await President Donald Trump's next steps regarding his trade policy, especially with new tariffs set to implement. Speculation increased after Trump hinted at potential flexibility in deadlines.

New directives targeted countries buying oil from Venezuela, supporting a rise in oil prices. This was partially balanced by some diplomatic advances in Black Sea maritime security amidst rising conflict in Ukraine. Japan's Nikkei and South Korea's KOSPI indices reported modest upsides alongside other Asian markets.

The currency market saw the U.S. dollar index edge higher, recovering slightly after previous losses. Commodity markets such as gold and oil showed mixed movements, signaling investor caution. Markets remain anxious, navigating through geopolitical and economic uncertainties ahead of upcoming trade announcements.

(With inputs from agencies.)