Asian stock markets rallied sharply on Thursday, April 10, 2025, fueled by a surprise announcement from U.S. President Donald Trump halting new tariffs for 90 days. The move sent a wave of relief through global markets, which have been rattled in recent weeks by intensifying trade tensions.
Japan’s Nikkei 225 led the charge, soaring over 7% in early trading — one of its strongest sessions in years. Hong Kong’s Hang Seng and Australia’s ASX 200 also posted major gains, each climbing more than 6% in early trade.
The unexpected tariff pause marked a dramatic shift in tone after weeks of mounting economic strain. Trump’s move is widely interpreted as a tactical retreat amid growing backlash from U.S. businesses and international partners. China, which had recently announced its own retaliatory tariffs — including a massive 50% hike on U.S. imports — had helped fan fears of a prolonged trade war.
Investors cheered what appears to be a temporary de-escalation, viewing the 90-day window as an opportunity for diplomacy and recalibration. Analysts, however, caution that the underlying issues in the U.S.-China standoff remain unresolved, and volatility may return once the grace period ends.
For now, though, markets are basking in the calm — a rare breather in a turbulent year for global finance.
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