Asian markets opened with strong gains on Thursday, following Wall Street’s biggest one-day rally in years after US President Donald Trump announced a 90-day pause on higher tariffs on all nations barring China. Japan’ Nikkei surged over 10% at the open, leading gains in Asian markets.
Nikkei index jumped after US President Donald Trump’s reversal on imposing sweeping reciprocal tariffs. Japan’s Nikkei 225 rose 7.38%, while the broader Topix index advanced 7.12%.
The rally comes after Trump announced a 90-day pause on new tariffs for every country except China. In Seoul the Kospi was up 5.4% as well.
South Korea’s Kospi index surged 5%, while the Kosdaq gained 4.61%.
Hong Kong’s Hang Seng index indicated a slightly weaker open. Australia’s S&P/ASX 200 futures signal a 7% surge in the index at the open. This would make its biggest gain since March 2020.
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