Asian markets jump on Trump and Bessent comments but recession fears linger

Asian markets saw gains, with Japan’s Nikkei rising 1.9% and Australia’s S&P/ASX 200 climbing 1.3%. Positive comments from President Trump and Treasury Secretary Bessent alleviated concerns about the tariff dispute with China.

Despite the market bounce, the IMF lowered its 2025 growth forecast for the U.S. To 2.8%. Investors are wary as Tesla’s profits fell dramatically, and analysts predict potential recession if tariff negotiations falter.