Asian Markets Surge as Trump Pauses Tariffs

Asian markets, including Japan's Nikkei index, experienced significant gains following U.S. President Donald Trump's announcement of a 90-day pause on new tariffs for most countries, excluding China. The Nikkei soared over 8% in early trading, driven by optimism from Wall Street's historic rally, where the Dow surged nearly 8% and the Nasdaq had its best day in 24 years. This pause in tariffs has led to strong performances across other Asian markets, such as South Korea's Kospi and Australia's ASX 200. The yen weakened against the dollar, reflecting reduced demand for safe-haven assets amid the market rally. Investors are cautiously optimistic, with some analysts predicting a potential short squeeze and advising tactical buy opportunities in certain sectors. The broader implications of these developments are being closely monitored, especially regarding U.S.-China trade relations and potential impacts on Chinese stocks.