A whirlwind week of announcements, executive orders, and commentary from the president turned the prevailing market narrative on its head.

US stocks closed higher Tuesday after the first full day of Donald Trump’s second presidency, as traders absorbed a blizzard of executive orders that so far point to less aggressive action on trade.

On Monday, Hong Kong-listed growth stocks had a strong day, as the Hang Seng Index gained +1.75% and the Hang Seng Tech Index gained +2.59% following U.S. President Donald Trump and China President Xi Jinping’s Friday phone call that took place after Asia markets closed and before the U.S. markets opened.

Investors were encouraged by a Donald Trump's softer-than-feared tariff announcements as his second term kicked off.

China’s government has begun incrementally stimulating their economy, which could be a tailwind for China equities, which may have bottomed in January of last year.

Markets rose after Trump's day-one trade policy was softer than feared, with the President holding off on issuing new tariffs via executive order.

The dollar drifted slightly higher on Wednesday in indecisive trading as a lack of clarity on President Donald Trump's plans for tariffs kept financial markets guessing. Trump said late on Tuesday that his administration was discussing imposing a 10% tariff on goods imported from China on Feb.