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.
Georgia’s Foreign Minister, Maka Bochorishvili sought to reassure the public that there is “no danger” to Georgia’s status as the European Uni...
Dushanbe enters one of its busiest diplomatic weeks in recent times as it gears up to host the Commonwealth of Independent States (CIS) heads of state...
Germany will grant police the power to shoot down rogue drones like those that have disrupted airports across Europe and that some European leaders ha...
President of the Republic of Azerbaijan Ilham Aliyev welcomed a Croatian delegation led by Gordan Jandroković, Speaker of the Croatian Parliament, ma...
A new stage of economic transformation is under way in Karakalpakstan, where authorities have announced 27 large-scale projects worth nearly $2 billio...
Georgia’s Foreign Minister, Maka Bochorishvili sought to reassure the public that there is “no danger” to Georgia’s status as the European Union’s revised visa rules include Georgia.
Germany will grant police the power to shoot down rogue drones like those that have disrupted airports across Europe and that some European leaders have attributed to a hybrid war being waged by Russia.
President of the Republic of Azerbaijan Ilham Aliyev welcomed a Croatian delegation led by Gordan Jandroković, Speaker of the Croatian Parliament, marking his first official visit to Azerbaijan.
A new stage of economic transformation is under way in Karakalpakstan, where authorities have announced 27 large-scale projects worth nearly $2 billion with an aim to boost growth in the region.
Video from the USGS (United States Geological Survey) showed on Friday (19 September) the Kilauea volcano in Hawaii erupting and spewing lava.
At least eight people have died and more than 90 others were injured following a catastrophic gas tanker explosion on a major highway in Mexico City’s Iztapalapa district on Wednesday, authorities confirmed.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
A powerful 7.4-magnitude earthquake struck off Russia’s Kamchatka Peninsula on 13 September with no tsunami threat, coming just weeks after the region endured a devastating 8.8-magnitude quake — the strongest since 1952.
Authorities in California have identified the dismembered body discovered in a Tesla registered to singer D4vd as 15-year-old Celeste Rivas Hernandez, who had been missing from Lake Elsinore since April 2024.
Gold prices rose above $4,000 an ounce for the first time on Wednesday, fuelled by investor demand for safe-haven assets amid rising geopolitical tensions and expectations of U.S. interest rate cuts.
U.S. shares ended Tuesday in negative territory as investors, cut off from official economic data due to the ongoing government shutdown, looked to alternative indicators and comments from Federal Reserve officials for guidance on economic weakness and monetary policy.
Elon Musk’s artificial intelligence startup xAI is targeting a $20 billion capital raise linked to Nvidia hardware, Bloomberg News has reported.
Türkiye’s benchmark stock index, the BIST 100, closed Tuesday at 10,814.11 points, up 0.74% from the previous session.
Euro zone finance ministers are set to meet on Thursday to explore ways to boost the development of euro-denominated stablecoins, amid concerns that the fast-growing market could remain dominated by the United States, a senior euro zone official said.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment