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

Market
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CNBC TV18•22-01-2026, 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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