Asian Stocks Surge as Trump's Greenland Deal Comments Ease Market Tensions

Business
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Moneycontrol•22-01-2026, 07:10
Asian Stocks Surge as Trump's Greenland Deal Comments Ease Market Tensions
- •Asian stocks gained, following Wall Street's rise, after President Trump's comments on a "framework" deal with NATO over Greenland eased market volatility.
- •Shares advanced in Japan, South Korea, and Australia, breaking a three-day losing streak for regional equities.
- •Precious metals like gold and silver retreated, while Bitcoin traded below $90,000 amid potential delays for a US crypto market bill.
- •Yields on 10-year Treasuries were steady after falling in the US session, and a $13 billion auction of 20-year bonds met solid demand.
- •Trump's remarks at the World Economic Forum in Davos, ruling out military force and tariffs on European nations, were interpreted as easing geopolitical and trade tensions.
Why It Matters: Trump's comments on a Greenland deal and avoiding European tariffs boosted Asian stocks and eased market fears.
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