Asian stock markets experienced a significant rally on Thursday after a US federal court blocked President Trump’s planned reciprocal tariffs. This ruling has reduced uncertainty about escalating trade tensions, boosting investor confidence across the Asia-Pacific region.
The surge was especially notable in technology stocks, which received a lift from Nvidia’s strong performance. Additionally, the US dollar strengthened against the yen and Swiss franc, while US Treasury yields rose as expectations for near-term Federal Reserve rate cuts diminished. Oil prices also increased, driven by supply concerns amid the market optimism.
Markets in Asia welcomed the court ruling as a positive development for trade stability, easing fears of intensified tariff conflicts between the US and its trade partners. Investors are currently focused on the upcoming Bank of Korea policy meeting, which could further influence the region’s improving economic outlook.
This ruling may represent a turning point in global trade relations and could reshape market dynamics in Asia. For ongoing updates, stay tuned to Questiqa World News.
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