Market Surge Follows Trump's Tariff Adjustment

In a significant move, United States President Donald Trump has temporarily suspended reciprocal tariffs on most countries, reducing them to 10% for a 90-day period. However, tariffs on China have been increased to 125%, sparking varied reactions across global markets.

Asia-Pacific Markets Respond Positively

Japan's Nikkei 225 experienced a remarkable surge, climbing by 8.51% or 2,697 points, as the US dollar weakened against the yen. Similarly, South Korea's Kospi and Australia's S&P/ASX 200 saw significant gains, jumping by 5.80% and 4.58% respectively.

China's Market and Inflation Data

Meanwhile, China reported a slowdown in its inflation rate, with a 0.1% year-on-year decline in March. Despite this, mainland China's Shanghai Composite and Shenzhen Composite, along with Hong Kong's Hang Seng, posted gains, indicating a mixed but generally positive market response in the region.