Tokyo Stocks Rise January 21 as Trump Delays Tariffs; Chinese Markets Decline January 22 After 10% Tariff Threat

Tokyo stocks opened higher on January 21, 2025, following U.S. President Donald Trump's decision to delay tariffs, which positively influenced market sentiment. Chinese stocks also experienced cautious gains on the same day as investors reacted to the tariff delay. However, by January 22, the sentiment shifted as Trump reiterated his threat to impose a 10% tariff on Chinese goods, leading to declines in Chinese stock markets and a drop in the renminbi. The renewed tariff threats sent shockwaves through global markets, with Chinese shares falling significantly as the market assessed the implications of Trump's statements.