Asian stock markets soared on Tuesday after the United States and China agreed to a 90-day halt in their trade war, easing recession fears and fuelling a region-wide buying spree.
Asian equities rallied strongly on Tuesday following the announcement of a 90-day ceasefire in the ongoing U.S.-China trade war. The agreement, which includes rolling back steep tariffs on both sides, gave a boost to investor sentiment and triggered widespread gains across regional markets.
Japan’s Nikkei 225 jumped 2 percent, reaching its highest level since February 25. Taiwan’s tech-focused Taiex mirrored that performance, while mainland Chinese indices also opened higher. The positive momentum lifted the MSCI Asia-Pacific ex-Japan index to a six-month high.
The upbeat mood in Asia tracked the overnight surge on Wall Street, where the S&P 500 surged more than 3 percent and the Nasdaq Composite soared by 4.3 percent. The market rally followed confirmation from trade negotiators that U.S. tariffs on Chinese goods would be reduced from 145 percent to 30 percent, and Chinese tariffs on American imports would be lowered from 125 percent to 10 percent during the 90-day truce period.
Investors welcomed the tariff reductions as a signal that both Washington and Beijing are serious about preventing further economic fallout while working through deeper issues, including technology transfers and market access.
Despite the relief rally, some analysts remained cautious. They noted that the average effective U.S. tariff rate still exceeds 13 percent - its highest level since the early 1940s. Fitch Ratings added that economic uncertainty remains, particularly around consumer and business spending.
With key U.S. inflation data expected later today and the 90-day ceasefire set to expire in August, traders are closely watching for signs that both sides can turn this temporary pause into a more permanent resolution. Until then, markets may remain sensitive to any shifts in trade negotiations.
Ukrainian President Volodymyr Zelenskyy has stated he will only attend peace talks in Istanbul if Russian President Vladimir Putin also takes part, while the Kremlin remains noncommittal on who will represent Russia.
Russia’s Rosatom has launched the production of key reactor equipment for Uzbekistan’s first small modular nuclear power plant, marking a major milestone in the bilateral energy project, Rosatom announced.
The Kremlin on Tuesday addressed the United Nations aviation council's ruling regarding the 2014 downing of Malaysian Airlines Flight MH17 over eastern Ukraine, expressing concerns about the investigation's impartiality and reiterating its position on the matter.
China and Brazil have committed to bolstering free trade and multilateralism, signing 20 agreements aimed at deepening their economic and diplomatic ties amid global trade challenges. The deal includes increased Brazilian agricultural exports to China.
Armenian alcohol producers rallied outside the Georgian Embassy in Yerevan, demanding answers over prolonged border delays they say are blocking exports to Russia and causing major financial losses.
Ukrainian President Volodymyr Zelenskyy has stated he will only attend peace talks in Istanbul if Russian President Vladimir Putin also takes part, while the Kremlin remains noncommittal on who will represent Russia.
Russia’s Rosatom has launched the production of key reactor equipment for Uzbekistan’s first small modular nuclear power plant, marking a major milestone in the bilateral energy project, Rosatom announced.
The Kremlin on Tuesday addressed the United Nations aviation council's ruling regarding the 2014 downing of Malaysian Airlines Flight MH17 over eastern Ukraine, expressing concerns about the investigation's impartiality and reiterating its position on the matter.
China and Brazil have committed to bolstering free trade and multilateralism, signing 20 agreements aimed at deepening their economic and diplomatic ties amid global trade challenges. The deal includes increased Brazilian agricultural exports to China.
Families of victims from the Jeju Air crash have filed a criminal complaint against officials and safety personnel, calling for further investigation into the causes of South Korea's deadliest aviation incident.
India has fired a series of missiles into Pakistani-controlled territory, in what it has described as “Operation Sindoor”
For the first time in history, an American has been chosen to lead the Catholic Church, as Cardinal Robert Prevost is named pope.
A Rafale fighter jet operated by the Indian Air Force has reportedly been shot down for the first time in combat, according to sources cited by CNN, marking a significant and symbolic development in the ongoing escalation between India and Pakistan.
Pope Leo XIV made a surprise visit to the Basilica of Our Lady of Good Counsel in Genazzano. AnewZ covered the event, with journalist Maria Rodriguez Abalde on-site. She witnessed the occasion firsthand and documented key moments. More images and footage will be available soon.
The European Bank for Reconstruction and Development (EBRD) expects Türkiye’s economy to grow by 2.8% in 2025, a downgrade from its February 2025 forecast, due to weaker domestic and external demand and a tighter-than-expected monetary policy.
Vietnam and Azerbaijan plan to expand cooperation in oil exploration and production. Several energy sector agreements were signed during the recent state visit of To Lam, General Secretary of the Communist Party of Vietnam, to Azerbaijan.
In a notable shift from traditional Republican policy, President Donald Trump has proposed raising taxes on high-income earners to help finance broader tax cuts for middle- and working-class Americans.
Ukraine is exploring whether to replace the U.S. dollar with the euro as its reference currency, as Kyiv aligns more closely with the EU and global trade fractures deepen.
The U.S. Federal Reserve kept its benchmark federal funds rate unchanged on Wednesday, maintaining the target range at 4.25% to 4.50%, in a widely expected move as the central bank navigates a complex economic environment marked by slowing inflation, global trade tensions, and political pressure.
Ukrainian President Volodymyr Zelenskyy has stated he will only attend peace talks in Istanbul if Russian President Vladimir Putin also takes part, while the Kremlin remains noncommittal on who will represent Russia.
Russia’s Rosatom has launched the production of key reactor equipment for Uzbekistan’s first small modular nuclear power plant, marking a major milestone in the bilateral energy project, Rosatom announced.
The Kremlin on Tuesday addressed the United Nations aviation council's ruling regarding the 2014 downing of Malaysian Airlines Flight MH17 over eastern Ukraine, expressing concerns about the investigation's impartiality and reiterating its position on the matter.
China and Brazil have committed to bolstering free trade and multilateralism, signing 20 agreements aimed at deepening their economic and diplomatic ties amid global trade challenges. The deal includes increased Brazilian agricultural exports to China.
Families of victims from the Jeju Air crash have filed a criminal complaint against officials and safety personnel, calling for further investigation into the causes of South Korea's deadliest aviation incident.
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