(Jan 22): Emerging Asian stocks raced towards record highs on Thursday after US President Donald Trump softened his stance on EU tariff threats and ruled out seizing Greenland from an ally by force, reviving appetite for riskier assets. The MSCI gauge of Asian emerging stocks surged 1%, with equities in South Korea and Taiwan rising to all-time highs. A broader index of equities in Asia outside of Japan touched a record high. In Davos, Trump pulled back on tariff threats against European Union members and ruled out using force to acquire Greenland, easing investor concerns globally. "It's a tentative uplift in Asia's risk sentiment following President Trump's walk-back on Greenland tariff threats, which helped global equities rally and eased immediate geopolitical risk," said Glenn Yin, director of research at ACCM.

Source: The Edge Markets January 22, 2026 05:39 UTC