Asian markets rebound as Trump pauses many tariffs — except on China
- President Donald Trump announced a 90-day pause on reciprocal tariffs for some countries but raised tariffs on imports from China to 125%.
- The S&P 500 soared 9.5%, marking its best day since October 2008, while significant gains were noted in stocks like Tesla and Nvidia.
- Market gains followed a sharp drop earlier due to concerns over Trump's trade war, with analysts noting a potential shift from panic to euphoria, as described by Stephen Innes.
- The 10-year Treasury yield rose to 4.34% post-rally, prompting investors to sell Treasury bonds to cover stock market losses.
351 Articles
351 Articles
Asia markets soar after President Trump pauses global tariffs
Asian markets soared on Thursday in line with Wall Street’s gains the day before, following President Trump’s announcement of a pause on his higher global tariffs.Japan’s Nikkei soared 9.1%, while South Korea’s Kospi jumped 6.6%, taking the Seoul index out of bear market territory. Taiwan’s composite index spiked 9.25%, staging a strong comeback just days after it logged its biggest one-day drop on record.Hong Kong’s Hang Seng Index also gained …
Tariffs and stock markets: A glossary to help understand the crisis sparked by Trump
Capitulation, protectionism, safe haven asset, bear market: Le Monde put together a glossary of vocabulary to grasp the economic stakes behind US President Donald Trump's tariff increases.
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