Asia stocks rebound after Trump tariff reversal
A person looks at an electronic stock board showing Japan’s Nikkei 225 index at a securities firm in Tokyo. Asian markets cheered the pause button on Trump tariffs. (AP Photo/Eugene Hoshiko, File)
TOKYO, Japan — Stocks in Asia rebounded strongly on Thursday after US President Donald Trump’s stunning reversal on sweeping reciprocal tariffs.
Trump on Wednesday announced a 90-day pause on the most onerous new tariffs on imports to the United States for every country except China.
In Japan, the Nikkei 225 was up 7.2 percent to 33,999.33, while in Seoul the Kospi was up over five percent. In Australia the ASX 200 jumped more than six percent.
On Wall Street Wednesday, the Dow index soared to close nearly eight percent higher while the Nasdaq rose 12.2 percent to notch its best day in 24 years.
READ: Trump pauses most of his tariffs
