Asian Shares Rally After Trump's Tariff Pause

RTTNews | il y a 60

(RTTNews) - Asian stocks rallied the most in more than two years on Thursday as U.S. President Donald Trump paused most of his sweeping reciprocal tariffs for 90 days to allow more time for negotiations, but raised the levies on China to 125 percent, further escalating a high-stakes confrontation between the world's two largest economies.

The dollar weakened, helping metals halt the longest run of losses in 25 years. Gold rose over 1 percent to $3,120 per ounce after posting its biggest one-day gain in 18 months in the wake of abrupt shifts in U.S. tariff policy. Oil resumed losses after rebounding from a four-year low in the previous session.

Chinese stocks advanced as weak CPI and PPI data and tariff-related worries fueled expectations for more stimulus. The benchmark Shanghai Composite index climbed 1.16 percent to 3,223.64 ahead of a meeting of top leaders to discuss additional economic measures.

The onshore yuan fell to the weakest level since 2007 on increased bets for monetary easing measures by the People's Bank of China to support the economy.

Leading investment bank Goldman Sachs revised China real GDP growth forecasts for 2025 and 2026 downward to 4.0 percent and 3.5 percent, saying the easing measures that China may resort to are unlikely to fully offset the hit due to tariffs.

Hong Kong's Hang Seng index jumped 2.06 percent to 20,681.78 as investors pinned their hopes on talks between the world's two largest economies and policy support from state firms.

Japanese markets led regional gains as chip-related stocks surged. Advantest surged 13.7 percent and Tokyo Electron rallied 12.9 percent.

The Nikkei average soared 9.13 percent to 34,609 in its biggest daily gain since August 6. The broader Topix index settled 8.09 percent higher at 2,539.40.

Seoul stocks joined a globally rally on the U.S. tariff reprieve. The Kospi average soared 6.60 percent to 2,445.06 after hitting a 17-month low the previous day.

Market bellwether Samsung Electronics rose 6.42 percent, while its chipmaking rival SK Hynix and leading battery maker LG Energy Solution both jumped over 11 percent.

Australian markets posted their biggest daily gain in five years, with buying seen across the board. The benchmark S&P/ASX 200 climbed 4.54 percent to 7,709.60 while the broader All Ordinaries index closed 4.66 percent higher at 7,913.90.

Across the Tasman, New Zealand's benchmark S&P/NZX-50 index rose 3.34 percent to 12,201.43.

U.S. stocks soared to one of their best days in history on Wednesday following the tariff pause announcement.

The tech-heavy Nasdaq Composite jumped 12.2 percent, the S&P 500 spiked 9.5 percent and the Dow surged 7.9 percent.

Canadian Market Up Marginally In Cautious Trade

After a flat start and a subsequent drop to lower levels, the Canadian market emerged into positive territory about an hour past noon on Monday, but remains somewhat subdued with investors seeming reluctant to make significant moves. The mood is cautious as investors await U.S. - China trade talks in London.

RTTNews | il y a 2h 12min

European Stocks Close Weak After Cautious Session

European markets settled lower on Monday after a subdued performance as investors awaited the outcome of U.S.-China high-level trade talks in London. Also, a lack of regional economic data and earnings news contributed to the cautious mood in the markets.

RTTNews | il y a 2h 40min

FDA, CDC Probe Salmonella Outbreak As Around 1.70 Mln Dozen Brown Eggs Recalled

The U.S. Food and Drug Administration and the Centers for Disease Control and Prevention or CDC are investigating a Salmonella Enteritidis outbreak linked to brown eggs that sickened nearly 79 across 7 states. Associated with the ongoing probe, August Egg Co. recalled around 1.70 million dozen brown cage-free and brown certified organic eggs sold through Walmart and other retail locations.

RTTNews | il y a 6h 26min

Bay Street May Open Slightly Higher

Canadian shares may open slightly higher on Monday amid optimism about some positive progress in U.S.-China trade talks. Energy stocks are likely to find some support on higher crude oil prices.. The U.S.-China discussions will aim to resolve some major trade disputes between the two major economies.

RTTNews | il y a 8h 18min

FTSE 100 Down Marginally At Noon

The U.K. market is down marginally at noon on Monday with investors mostly making cautious moves amid a lack of triggers. The focus is on trade talks between the U.S. and Chinese officials in London. Weak Chinese exports data weighs on sentiment.

RTTNews | il y a 9h 30min

CAC 40 Down Slightly In Lackluster Trade

French stocks are down slightly in lackluster trade on Monday with investors refraining from making significant moves as they await the high-level trade talks between U.S. and Chinese officials in London later in the day.

RTTNews | il y a 9h 51min

DAX Down Over 0.5% In Cautious Trade

German stocks are down in negative territory on Monday as investors make cautious moves while awaiting crucial talks between U.S. and Chinese officials in London later in the day. The discussions will aim to resolve some major trade disputes between the two major economies. Treasury Secretary Scott Bessent leads the U.S. delegation in the high-level trade talks.

RTTNews | il y a 10h 12min

Sensex, Nifty End Modestly Higher; Banks And Financials Surge

Indian shares eked out modest gains on Monday as top officials from the U.S. and China meet in London later in the day to resolve their differences and ease rare-earth mineral tensions.

RTTNews | il y a 10h 22min

EURUSD	1.142	GBPUSD	1.35505	AUDUSD	0.65157
USDJPY	144.617	USDCAD	1.36968	USDCHF	0.82155

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Asian Shares Rally After Trump's Tariff Pause