Market Reaction to Trump's Tariff Announcement

Following the announcement by United States President Donald Trump to temporarily suspend reciprocal tariffs on most countries, reducing them to 10% for 90 days, while increasing tariffs on China to 125%, major stock market indexes in the Asia-Pacific region experienced significant gains.

Regional Market Performances

Japan's Nikkei 225 led the surge with an impressive 8.51% increase, or 2,697 points, as the US dollar weakened against the yen. South Korea's Kospi and Australia's S&P/ASX 200 also saw substantial jumps, rising by 5.80% and 4.58% respectively.

China's Market and Inflation Data

In China, the Shanghai Composite and Shenzhen Composite indexes posted gains, while the country reported a slight decline in its inflation rate for March. Hong Kong's Hang Seng index rose by 2.54%, reflecting the positive market sentiment across the region.