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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.
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The Epoch Times broke the news in New York, United States on Wednesday, April 9, 2025.
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