Japanese shares jump more than 7% as Asian markets track Wall
Asia-Pacific markets rose on Thursday, following the biggest buying surge on Wall Street since 2008 after U.S. President Donald Trump announced a 90-day halt to higher tariffs on all countries except China.
Japan’s Nikkei 225 rose 7.38%, while the broader Topix index gained 7.12%.
South Korea’s Kospi index jumped 5%, while the small-cap Kosdaq rose 4.61%.
Australia’s S&P/ASX 200 started the day up 6%.
Investors will keep a close eye on Chinese stocks, as the U.S. raised tariffs on mainland imports to 125% after Beijing announced plans to retaliate with 84% duties on American goods.
Futures for Hong Kong’s Hang Seng index were at 20,180, indicating a slightly weaker open compared with Wednesday’s HSI close of 20,264.49.
U.S. futures rose after Trump’s pledge to halt tariffs on some trading partners for 90 days sparked a big surge on Wall Street.
Overnight domestically, the broad-based S&P 500 surged 9.52% to close at 5,456.90 for its biggest one-day gain since 2008. It also marked the third-biggest gain in post-World War II history.
Meanwhile, the Dow Jones Industrial Average rose 2,962.86 points, or 7.87%, to close at 40,608.45, its biggest percentage gain since March 2020. The Nasdaq Composite jumped 12.16% to close at 17,124.97, its biggest one-day gain since January 2001 and its second-best day of all time.
Source: CNBC
