Asian equities edged higher on Thursday, taking cues from a strong U.S. session as market sentiment improved following the easing of tensions around Greenland.
The shift followed a public change in stance from President Donald Trump, who stepped back from previous rhetoric suggesting forceful U.S. intentions toward Greenland. Speaking at the World Economic Forum in Davos, Trump clarified that no coercive actions would be taken and indicated that negotiations around Arctic cooperation would continue within established multilateral frameworks. The announcement also included the withdrawal of threatened tariffs against eight European nations.
That shift helped drive gains across key indices including Japan’s Nikkei 225, South Korea’s Kospi and markets in Australia and Southeast Asia.
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