A naukri.com initiative
Bloomberg Quint
1w
319
Image Credit: Bloomberg Quint
Asian Stocks Join Global Rally, Treasuries Gain: Markets Wrap
- Asian stocks surged, with Chinese stocks rallying on expectations of more stimulus after Trump increased levies on China to 125%.
- Global markets rebounded as US President Trump paused most reciprocal tariffs, leading to the biggest jump in Asian stocks in over two years.
- Treasuries rallied after recent volatility, with yields on 10-year Treasuries falling following concerns about market stability.
- Dollar slipped for a third day, and copper prices surged by 4% amidst the market recovery.
- After $10 trillion market loss and US Treasuries decline, Trump announced a 90-day pause on reciprocal tariffs, except for China, whose levies rose to 125%.
- Chinese equities rose on stimulus hopes, but the onshore yuan weakened significantly, reflecting concerns about the economy.
- Market stress prompted a chorus of requests for tariff pause, which Trump heeded, leading to market recovery.
- Trump’s trade policy shift caused significant volatility in bonds, attracting varied market reactions and emphasizing ongoing uncertainties.
- Billionaire investors welcomed Trump's decision, seeing a potential 'contained damage' scenario, with expectations of global relief rallies.
- Oil prices fluctuated as investors grappled with sudden policy changes amid the market turbulence and uncertain trade environment.
Read Full Article
19 Likes
For uninterrupted reading, download the app