Asian markets witnessed a surge on Thursday following the announcement by President Trump of a 90-day pause on most planned tariffs, which are to be replaced by a reduced 10% Reciprocal Tariff. This decision led to a global relief rally, with Wall Street experiencing historic gains and Asian indices mirroring the trend. Japan’s Nikkei 225 saw a significant increase of over 2,000 points, while Taiwan’s tech-heavy Taiex index surged by 9.2%. The positive momentum in the markets was driven by the news of a temporary halt on the escalation of trade tensions between the US and China, providing a sense of stability and optimism among investors. Investors are closely monitoring further developments in the ongoing trade negotiations between the two economic giants, as any progress is expected to have a significant impact on global markets. The surge in Asian markets reflects the growing importance of international trade dynamics and their influence on investor sentiment. The positive performance of these markets also signals a potential shift in market sentiment towards a more positive outlook. With the global economy facing uncertainties due to trade disputes, any positive development in trade talks is being welcomed by investors worldwide.