HONG KONG, Feb 23, 2026 (BSS/AFP) - Asian stocks mostly rose and the dollar fell Monday after the US Supreme Court struck down a large part of President Donald Trump's tariffs policy that had sent shockwaves through the global economy last year. Trump's trade agenda was dealt a hefty blow Friday when the country's top court ruled that the International Emergency Economic Powers Act used by the White House to impose sweeping levies in April "does not authorise the president to impose tariffs". "The first observation to make is that IEEPA tariffs may be dead, but Trump's trade regime isn't," wrote Rodrigo Catril at National Australia Bank. Still, Asian investors welcomed the news, which is seen benefiting China and India, with tech firms the best performers. Hong Kong rose more than two percent, with ecommerce titans Alibaba and JD.com surging more than three percent, while Seoul hit another record high thanks to big advances for chipmakers Samsung Electronics and SK hynix.

Source: Bangladesh Sangbad Sangstha February 23, 2026 03:37 UTC