Global Markets Rally Following Trump's Tariff Suspension Decision

The stock exchanges in Japan, South Korea, and Australia began Thursday's trading with strong gains following Wall Street's surge in the wake of Donald Trump's decision on tariff suspension.

» Published: April 10 2025

Global Markets Rally Following Trump's Tariff Suspension Decision
Photo: Hiro Komae/AP/TT

At lunchtime, local time, Tokyo's important Nikkei 225 index had increased by 8.1 percent, while the broader Topix index was up 7.3 percent.

The South Korean Kospi index also started the day in a fairly good mood and rose 5.3 percent at lunch. Nor was there a lack of optimism in Taiwan, where the Taiex index surged more than 9.2 percent.

It was also cheerful in Australia, where the ASX 200 index rose 4.6 percent.

Trump's announcement meant a pause on tariffs – in addition to the basic tariffs – for all countries except China. Despite this, the Chinese stock exchanges also opened on a positive note.

The Hong Kong Hang Seng index was up 1.9 percent, while Shanghai's and Shenzhen's composite index rose 0.9 and 2.5 percent, respectively.

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By TTTranslated and adapted by Sweden Herald
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