Asian markets witnessed a significant surge on Thursday following US President Trump’s decision to implement a 90-day pause on most proposed tariffs, opting for a reduced 10% Reciprocal Tariff instead. This move triggered a global relief rally, with Wall Street experiencing historic gains and Asian indices mirroring the positive trend. Japan’s Nikkei 225 index skyrocketed by over 2,000 points, while Taiwan’s technology-focused Taiex index saw a remarkable surge of 9.2%. The announcement by Trump had a palpable impact on investor sentiment, leading to a strong performance in markets across Asia. The development comes amidst ongoing trade tensions between the US and China, with investors closely monitoring the situation for further updates. The positive momentum in Asian markets reflects optimism among investors regarding the potential easing of trade disputes and its positive implications for global economic stability.
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