[HONG KONG] Asian equities rose on Wednesday following a Wall Street rally as traders cheered forecast-beating US consumer confidence data and a drop in bond yields, with eyes now on a key sale of Japanese debt.
New York investors returned to their desks after a long weekend break in a good mood after Donald Trump delayed until July the 50 per cent tariffs he announced out of the blue on Friday, sparking a market rout.
The US president’s announcement Sunday soothed worries about a fresh flare-up in his trade war that has rattled global sentiment, fanned uncertainty and led some to question their confidence in the world’s biggest economy.
Buying was also boosted by Trump’s post on social media saying progress with Brussels was being made.
“I have just been informed that the EU has called to quickly establish meeting dates,” he said on his Truth Social platform.
“This is a positive event, and I hope that they will, FINALLY,…
