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Asian shares mostly gain amid cautious relief over U.S.-China agreement

  • The United States and China agreed on May 14, 2025, to a 90-day pause in their trade war, starting tariff cuts following negotiations in Geneva.
  • The agreement aims to ease escalating tensions and economic instability by suspending tariffs on more than 90% of currently taxed imports valued in the hundreds of billions of dollars between the two countries.
  • Asian shares mostly rose with South Korea's Kospi and Hong Kong's Hang Seng gaining 1.1%, while Japan's Nikkei 225 and Australia’s S&P/ASX 200 declined slightly.
  • U.S. Markets saw the S&P 500 rise 0.7% to 5,886.55 amid slower inflation at 2.3%, and Nvidia’s shares increased 5.6%, boosting investor confidence.
  • Despite cautious relief, uncertainty about tariff durations persists, with analysts expecting the Federal Reserve to await more data before adjusting interest rates.
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Asian shares mostly gain amid cautious relief over U.S.-China agreement

TOKYO (AP) — Asian shares were mostly higher Wednesday as a cautious sense of relief spread through regional markets after the U.S. and China agreed to a 90-day pause in their trade war. Japan’s benchmark Nikkei 225 lost 0.8% to 37,874.59. Australia’s S&P/ASX 200 shed 0.1% to 8,260.40. South Korea’s Kospi surged 1.1% to 2,635.86. Hong Kong’s Hang Seng jumped 1.1% to 23,367.57, while the Shanghai Composite gained 0.1% to 3,377.75. The relief over…

·Washington, United States
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Splash247 broke the news in on Tuesday, May 13, 2025.
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