Stock markets rally after Trump pauses most tariffs for 90 days

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The stock markets gathered on Thursday, trading in response to President Donald Trump’s dramatic decision to stop planned tariffs for almost all US trading partners in 90 days – except China.

The key Asian indices opened on Thursday with remarkable restorations – noting the retreat for most of the turbulence and sales, led by fears of escalation of trade wars and recessions.

In Japan, Nikkei 225 rose 8%, and the broad Topix index increased 7.6%. South Korea’s Kospi increased nearly 6%.

Taiwanese index jumped by 9.25%and Australia ASX 200 increased by 4.6%.

Currency dealers work before the Electronic Council showing the Korean Stock Price Index (KOSPI) and the exchange rate between the US dollar and the South Korean, won in Seoul, South Korea, on April 10, 2025.

Soo-Hyeon Kim/Reuters

The key Chinese markets were also green, despite Trump’s decision to raise Chinese goods rates to a cumulative sum of 125%. The president claims that a “lack of respect” by Beijing to explain the last hike, his last wide end comes after China announced 84% reciprocal tariffs for American goods on Wednesday.

Hong Kong’s Hang Seng Index rises by 3%, the Shanghai composite index jumped by 1.29%, and the Shenzhen component index increased by 2.7%.

The US markets closed after major struggles on Wednesday after Trump’s message that most of its extensive tariffs would be stopped.

The industrial average of Dow Jones has risen by 2,962 points, or 7.8%, celebrating the best day of the 2020 index.& P 500 jumped 9.5%, while the technologically heavy NASDAQ jumped 12.1%.

US stock futures dive into the trade session on Thursday. As of the early Thursday morning, Dow Futures decreased by 0.34%, s& P 500 Futures decreased by 0.48%and NASDAQ futures decreased by 0.84%.