Chinese Foreign Minister Wang Yi called on Southeast Asian nations to uphold openness and cooperation Thursday, delivering a message of inclusivity as President Donald Trump threatens sweeping tariffs on nations across the region.

By Rae Wee SINGAPORE (Reuters) -Asian stocks rose slightly on Thursday, riding on optimism from Nvidia's brief rise to a world-record $4 trillion valuation and as investors largely shrugged off U.S. President Donald Trump's latest tariff salvos.

Chinese state media warned the Trump administration against striking deals that sideline China, after the president announced that Asian countries would face higher tariffs starting on Aug. 1.

Asia’s export-dependent economies received more time but little reprieve, as US President Donald Trump shifted his tariff deadline to Aug. 1 and rounded the rates he’s set for Japan, South Korea and others.

The Indian rupee is poised to open weaker on Wednesday, pressured by a renewed tariff barrage from U.S. President Donald Trump that widened the scope of his trade offensive. The 1-month non-deliverable forward indicated an open in the 85.

The new tariff rates threatened in the letters Trump shared Wednesday are similar to those he announced on what the White House dubbed “Liberation Day” in early April.