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South Korea, Japan Stocks Surge as US Levy Pause Fuels Optimism
  • April 9, 2025

South Korea, Japan Stocks Surge as US Levy Pause Fuels Optimism

(Bloomberg) -- Stocks in Japan and South Korea jumped the most since August on Thursday as a reprieve in higher US tariffs on most nations lured buyers back to the beaten-down market.Japan’s benchmark Topix index climbed as much as 8.3% while the Nikkei 225 Stock Average rallied 9%. The nation’s 10-year government bonds tumbled as risk aversion eased. South Korea’s Kospi Index soared as much as 5.5% a day after entering a bear market. Across Asia, equity markets bounced back sharply with currenc

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Stocks soar in relief rally after Trump pauses tariffs
  • April 9, 2025

Stocks soar in relief rally after Trump pauses tariffs

Global shares surged and a manic bond selloff stabilised on Thursday after U.S. President Donald Trump said he would temporarily lower the hefty duties he had just imposed on dozens of countries. However, the sharp overnight rally in U.S. stocks and the dollar lost steam as a trade war between the United States and China ratcheted up, with investors also perplexed over the flip-flopping of the Trump administration's tariff plans. Following a days-long market rout that erased trillions of dollars from global stocks and jolted U.S. Treasury bonds and the dollar, Trump on Wednesday announced a 90-day pause on many of his new tariffs in a shock reversal.

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Trump wants to play market hero. But the economic damage is done
  • April 9, 2025

Trump wants to play market hero. But the economic damage is done

“I guess they say it was the biggest day in financial history,” President Donald Trump told reporters Wednesday afternoon. Later, in an apparent hot-mic moment, he told a fawning senator that the market was up almost seven percentage points. “Nobody’s ever heard of it. It’s gonna be a record.”

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Another U-Turn: Trump reverses tariffs that caused market meltdown, but companies remain bewildered
  • April 9, 2025

Another U-Turn: Trump reverses tariffs that caused market meltdown, but companies remain bewildered

President Donald Trump delivered another jarring reversal in American trade policy Wednesday, suspending for 90 days import taxes he’d imposed barely 13 hours earlier on dozens of countries while escalating his trade war with China. The moves triggered a powerful stock market rally on Wall Street but left businesses, investors and America’s trading partners bewildered about what the president is attempting to achieve. The U-turn came after the sweeping global tariffs Trump announced last week set off a four-day route in global financial markets, paralyzed businesses and raised fears the U.S. and world economies would tumble into recession.

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