Asian Shares Surge as Trump's Greenland Deal Comments Boost Market Confidence
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CNBC TV1822-01-2026, 06:33

Asian Shares Surge as Trump's Greenland Deal Comments Boost Market Confidence

  • Asian equities, including Japan, South Korea, and Australia, advanced following Wall Street's gains.
  • US President Donald Trump's comments on a "framework" deal with NATO over Greenland eased market concerns, leading to a return of risk appetite.
  • Precious metals like gold and silver declined, while the dollar edged higher and bond-market volatility eased.
  • US indexes jumped, with the S&P 500 climbing 1.2% and the Nasdaq 100 gaining 1.4%, as new tariffs on European countries were unlikely.
  • Trump's decision to not use military force or impose tariffs on European nations regarding Greenland was seen as easing geopolitical tensions.

Why It Matters: Trump's comments on Greenland and tariffs boosted global market confidence, leading to a rally in equities.

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