[HONG KONG] Most Asian stocks rose on Tuesday (Oct 14), tracking a rally on Wall Street, after US President Donald Trump tempered his rhetoric against China, which he has threatened with 100 per cent tariffs, while Tokyo struggled amid Japanese political turmoil.
Still, safe-haven metals continued to push higher, helping silver join gold in touching records, fuelled by expectations for more US interest rate cuts, worries about rising debt and warnings that an AI-stoked global rally could be overdone.
The US president sent shivers through markets on Friday when he lashed out at Beijing over its curbs on rare earths, which fuelled fears he was reigniting their trade war after months of a tentative truce.
But he shifted his tone by Sunday, insisting in a social media post that “it will all be fine”, and adding that he wanted to “help” China.
That was enough for traders to return to the market, with the Nasdaq soaring more than two…
