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.
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British Prime Minister Keir Starmer was warned about the "reputational risks" of appointing Peter Mandelson as U.S. ambassador due to his friendship with convicted sex offender Jeffery Epstein, files released on Wednesday (11 March) show.
A wave of attacks across Israel and southern Lebanon escalated on Wednesday (11 March), with authorities reporting up to 12 incoming missile and drone alerts over Tel Aviv and Jerusalem.
Britain has deployed the Royal Navy destroyer HMS Dragon to the eastern Mediterranean to strengthen protection for its military assets in the Middle East after a drone strike targeted a key UK air base in Cyprus earlier this month.
A freight train carrying more than 1,000 tons of Russian grain will depart for Armenia through Azerbaijani territory on Wednesday. The shipment consists of 11 wagons loaded with a total of 1,023 tons of agricultural cargo.
Tensions in the region remained high on Tuesday (10 March), as the United States and Iran exchanged increasingly sharp warnings, including threats over the strategic Strait of Hormuz, a critical artery for global oil supplies.
Iran's new Supreme Leader, Mojtaba Khamenei, was 'lightly injured,' an unnamed Iranian official said on Wednesday, as Tehran and Israel continued to exchange missile and drone strikes - all the latest updates throughout the day on AnewZ.
Global oil prices reached a four year high on Monday (9 March), surpassing $119 a barrel, as conflict in the Middle East rumbled on. Meanwhile, the Turkish Military said NATO air defence systems destroyed a missile fired from Iran towards the country.
U.S. President Donald Trump called his recent phone conversation with Russian President Vladimir Putin “very good.” The two leaders spoke on Monday about the situation in Iran and other international issues.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 10th of March, covering the latest developments you need to know.
China has raised the retail prices of petrol and diesel after global oil prices climbed sharply. The country’s top economic planning body, the National Development and Reform Commission (NDRC), announced the move after reviewing international oil market trends.
Global financial markets remained on edge on Friday as the escalating war involving the United States, Israel and Iran continued to rattle investors, fuelling volatility in stocks and sending energy prices sharply higher.
China’s top leadership has unveiled a new push to turn advanced technologies into large-scale industrial priorities as part of the country’s upcoming 15th Five-Year Plan, which will guide economic and social development from 2026 to 2030.
The European Commission sees no immediate impact on the European Union's security of oil supply from the escalating conflict in the Middle East, it said in an email to EU governments, seen by Reuters on Monday (2 March).
Paramount Skydance emerged as the winner in a months-long battle to acquire Warner Bros Discovery after streaming giant Netflix on Thursday refused to raise its bid for the storied Hollywood studio.
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