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.
Thousands gathered for a sixth straight night of protests in downtown Los Angeles on Wednesday, condemning President Donald Trump’s immigration raids as federal forces remain deployed in the city.
Romania deployed fighter jets early Thursday after Russian drone strikes targeted Ukraine’s Vylkove region near the Romanian border, though no airspace violations were detected.
Ukraine and Russia completed another prisoner exchange involving ill and severely wounded soldiers, marking ongoing efforts to ease the human toll of their conflict.
The 3rd CIS Games will take place in Azerbaijan from September 28 to October 8, featuring 246 medal sets in 23 sports disciplines across seven cities, including Khankendi.
The euro surged to its highest level in nearly four years against the U.S. dollar, as global investors turned to safe-haven assets amid growing geopolitical tensions and uncertainty surrounding the U.S.-China trade deal.
Forced displacement worldwide has hit a record 122.1 million, driven by conflicts in Sudan, Ukraine, and beyond, as humanitarian needs soar.
Thousands gathered for a sixth straight night of protests in downtown Los Angeles on Wednesday, condemning President Donald Trump’s immigration raids as federal forces remain deployed in the city.
Romania deployed fighter jets early Thursday after Russian drone strikes targeted Ukraine’s Vylkove region near the Romanian border, though no airspace violations were detected.
Ukraine and Russia completed another prisoner exchange involving ill and severely wounded soldiers, marking ongoing efforts to ease the human toll of their conflict.
The 3rd CIS Games will take place in Azerbaijan from September 28 to October 8, featuring 246 medal sets in 23 sports disciplines across seven cities, including Khankendi.
Start your day informed with AnewZ Morning Brief: here are the top news stories for June 8th, covering the latest developments you need to know.
Presidential candidate Miguel Uribe Turbay is in critical condition after being shot three times — including twice in the head — during a campaign event in Bogotá.
Kazakhstan and the UK are strengthening defense ties with a new Military Cooperation Plan, focusing on peacekeeping and military education.
A 30-year-old woman was shot by police in Munich on Saturday evening after stabbing two people at Theresienwiese, a central park best known for hosting Oktoberfest.
Mexican President Claudia Sheinbaum has condemned U.S. immigration raids and National Guard deployment in Los Angeles, calling for reforms instead of enforcement.
US producer prices rose 2.6% annually in May, matching market expectations, with a modest 0.1% increase from April, the US Bureau of Labor Statistics reported.
The European Commission confirmed on Thursday it will postpone the implementation of new international banking regulations by a year, citing concerns over global alignment and competitiveness.
The euro surged to its highest level in nearly four years against the U.S. dollar, as global investors turned to safe-haven assets amid growing geopolitical tensions and uncertainty surrounding the U.S.-China trade deal.
The U.S. Energy Information Administration (EIA) has slightly increased its forecast for Brent crude oil prices in 2025, despite expectations of growing global stockpiles.
South Korea's main stock index, the Korea Composite Stock Price Index (KOSPI), rose by 35.19 points, or 1.23%, on Wednesday, closing at 2,907.04. This marks its highest closing level since 14 January, 2022, when it reached 2,921.92 points.
Forced displacement worldwide has hit a record 122.1 million, driven by conflicts in Sudan, Ukraine, and beyond, as humanitarian needs soar.
Thousands gathered for a sixth straight night of protests in downtown Los Angeles on Wednesday, condemning President Donald Trump’s immigration raids as federal forces remain deployed in the city.
Romania deployed fighter jets early Thursday after Russian drone strikes targeted Ukraine’s Vylkove region near the Romanian border, though no airspace violations were detected.
Ukraine and Russia completed another prisoner exchange involving ill and severely wounded soldiers, marking ongoing efforts to ease the human toll of their conflict.
The 3rd CIS Games will take place in Azerbaijan from September 28 to October 8, featuring 246 medal sets in 23 sports disciplines across seven cities, including Khankendi.
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