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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One crew member from a U.S. warplane shot down over Iran has been rescued, U.S. officials said, as a search continues for a second crew member.
Greek Prime Minister Kyriakos Mitsotakis reshuffled his cabinet on Friday (3 April) in a bid to contain a growing scandal over the alleged fraudulent use of European Union farm subsidies.
Afghanistan’s Ministry of Foreign Affairs says it has sent a mid-level delegation to China for formal talks with Pakistan, as both sides meet in Urumqi amid efforts by Beijing to ease tensions between the neighbours.
Iran has strongly condemned U.S. President Donald Trump’s threat to bomb the country “back to the Stone Age”, calling his remarks an example of “war crimes and genocide.”
Fears of wider escalation grow despite President Donald Trump saying U.S. strikes on Iran could end within weeks. Meanwhile missile attacks, tanker incidents and rising casualties across Israel, Lebanon and the Gulf heighten risks to regional stability and energy routes.
Four astronauts blasted off from Florida on Wednesday on NASA's Artemis II mission, a high-stakes voyage around the moon that marks the United States' boldest step yet toward returning humans to the lunar surface later this decade in a race with China.
An earthquake of magnitude 7.6 struck in Indonesia's Northern Molucca Sea on Thursday, killing one person, damaging some buildings and triggering tsunami waves, authorities and witnesses said.
President Donald Trump staunchly defended his handling of the month-old U.S.-Israeli war on Iran in a prime-time address on Wednesday, saying the U.S. military was nearing completion of its mission while also reinforcing his threats to bomb the Islamic Republic back to the Stone Age.
One U.S. crew member has been rescued after Iran downed a warplane, while the search continues for a second. At the same time, Iran has officially told mediators it will not meet U.S. officials in Islamabad in the coming days, calling U.S. demands unacceptable, according to The Wall Street Journal.
Major automakers showcased new electric vehicles at the New York Auto Show this week, under the slogan “electrification is the future." However, weakening demand in the United States and intense competition with China are raising questions for markets across the globe, including the South Caucasus.
The U.S. national average retail price of petrol rose above $4 a gallon for the first time in over three years on Monday (30 March), according to GasBuddy data, as the U.S.–Israeli war with Iran continued to roil global energy markets.
Japan and Indonesia will deepen coordination on energy security, Tokyo said, as the U.S.-Israeli war on Iran disrupts vital oil and gas flows to Asia.
China's three largest state-owned airlines have issued warnings regarding their financial outlook for the current year, acknowledging that the eruption of war involving Iran has driven jet fuel prices to unsustainable highs.
Stock markets across Asia fell on Monday as escalating conflict involving Iran drove oil prices sharply higher, fuelling fears of inflation and a potential global recession, with investors reacting to disruption risks in the Strait of Hormuz and prolonged hostilities.
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