Asia Shares Jump After U.S. Stocks Soared To Historic Gains Over Trump Tariff Reversal
HuffPost
Japan’s benchmark Nikkei 225 jumped 9.1% as investors welcomed the U.S. president's decision to put his sharp tariff hikes on hold for 90 days.
TOKYO (AP) — World markets soared on Thursday, with Japan’s benchmark jumping more than 9%, as investors welcomed U.S. President Donald Trump’s decision to put his sharp tariff hikes on hold for 90 days, though he excluded China from the reprieve.
In early trading, Germany’s DAX initially gained more than 8%. It was up 7.5% at 21,141.53 a bit later, while the CAC 40 in Paris gained 7.2% to 7,360.23. Britain’s FTSE 100 surged 5.4% to 8,090.02.
However, U.S. futures edged lower and oil prices also declined. Chinese shares saw more moderate gains, given yet another jump in the tariffs each side is imposing on each others’ exports.
The future for the S&P 500 was down 0.4% while that for the Dow Jones Industrial Average edged 0.2% lower.
Analysts had expected the global comeback given that U.S. stocks had one of their best days in history on Wednesday as investors registered their relief over Trump’s decision.
