The Greenlandic flag flies over a house in Nuuk, Greenland, on January 21, 2026.
Sean Gallup Getty Images
Asia-Pacific markets rebounded on Thursday, tracking Wall Street’s gains after US President Donald Trump walked back his threat to impose tariffs on European countries over Greenland.
Korean Kospi It led the region’s rise, rising 1.81% to breach the 5,000 milestone. Battery maker Samsung SDI soared 13.27%, conglomerate Doosan rose 9% and major Samsung Electronics rose 3.14%. The small-cap Kosdaq index rose 1.5%.
The country’s economy unexpectedly contracted by 0.3% on a quarterly basis in the October-December period, the largest contraction since 2022. Gross domestic product (GDP) rose 1.5% from a year earlier, while full-year economic growth slowed to 1%, the slowest since 2020, when the pandemic caused output to contract by 0.7%.
President Trump also said at the World Economic Forum in Davos that he had no intention of using force to acquire the Arctic island, calming nerves about possible U.S. military action, adding that he and NATO Secretary-General Mark Rutte had “formed the framework for a future agreement on Greenland.”
Japanese Nikkei Stock Average rose 1.72%, while the comprehensive TOPIX rose 0.97%. Japan’s December trade statistics released today showed export growth of 5.1%, lower than analysts’ expectations in a Reuters survey.
hong kong Hang Seng Index Mainland China’s CSI300 index rose 0.67%.
Australia’s S&P/ASX 200 rose 0.68%, having fallen about 0.4% in previous trading.
