Stocks across Asia rose sharply, following gains on Wall Street, after US President Donald Trump announced a pause on most tariffs. Despite an increase in duties on Chinese goods, Shanghai markets opened higher.
The move sparked the biggest surge in US shares since the global financial crisis, while US Treasuries also rallied after a volatile trading session.
Global markets extended gains on Thursday, with Asian indexes rising and European equity futures surging more than 9 per cent, after a strong rebound on Wall Street where the S&P 500 jumped 9.5 per cent.
Meanwhile, the US dollar continued to weaken for a third consecutive day, and yields on 10-year Treasuries edged lower in early trading.
Markets in Asia continued to swing as investors reacted to…
