Asian markets and US futures surged after court’s ruling against Trump’s tariffs

A US court ruled that Trump’s use of emergency tariff powers is illegal, which triggered a rally in S&P 500 futures by 1.6% and Dow futures by 1.2%. This shift reflects the markets’ positive response to legal challenges against tariff implementations.

Asian stock markets experienced notable gains, with Japan’s Nikkei climbing 1.5% and South Korea’s Kospi rising 1.4% following rate cuts by the Bank of Korea. The ruling raises questions about the future of Trump’s tariffs and their legal standing.