The Asian markets had a tumultuous time on Friday, February 28, as the major indices around the continents closed with colossal losses.

US Markets Gain After Asian Crash

In Japan, the Nikkei made major losses. In China, the SSE Composite and Hong Kong's Hang Seng suffered major losses.

When we come to India, the Sensex and Nifty had one of their worst trading sessions in the whole of 2025, and possibly the worst week in the brand new year.

However, the US markets that opened for trade much after the closing in Asia seemed unaffected, as Wall Street closed with monumental gains.

In fact, all the key indices closed with gains of over 1 per cent in the intraday trade.

Dow Jones Industrial Average

When we look at the specifics, the oldest of all, the Dow Jones Industrial Average saw a share rise. The index traded in green before rallying with major gains towards the end of the day's trade.

Dow closed with colossal gains of 1.39 per cent or 601.41 points. This took the overall of index to 43,840.91 points.

S&P 500

Another major index, the S&P 500, also made major gains in the intraday trade on Friday. The index also observed a pole vault-like jump in the final hours of the day's trade.

The index rocketed to 5,954.50 points, with a total increase of 1.59 per cent or 92.93 points in the day.

Nasdaq Composite

The tech-heavy Nasdaq composite was no different, in fact, it was one of the biggest winners of the day, as the index closed with major gains of 1.63 per cent or 302.86 points.

This took the overall value of the Nasdaq composite index to 18,847.28 points.

The Russell 2000 index, another crucial index also surged to 2,163.07, thanks to an increase of 23.41 points or 1.09 per cent in total value.

This comes amid larger uncertainty in the global market, as a result of rambunctions that have come to pass even since Donald Trump took office as the US President.