TOKYO: Asian shares joined a global equities rally and safe-haven government bonds pulled back on Wednesday, after Washington delayed tariffs on some Chinese imports in much-needed relief for markets gripped by political and economic turmoil.
"President Trump did delay the tariffs and while this is positive for equities, the markets will remain wary of the tariffs still being implemented come December," said Masahiro Ichikawa, senior strategist at Sumitomo Mitsui DS Asset Management. The yen stood at 106.450 per dollar, having lost more than 1per cent overnight when it recoiled from a seven-month high near 105.000 brushed at the week's start.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US stocks rally after Trump delays key China tariffsNEW YORK: Wall Street stocks rallied on Tuesday (Aug 13) after President Donald Trump delayed tariffs on key Chinese goods, a shift from recent ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Hong Kong stocks dive as protests rumble, China anger buildsHONG KONG: Hong Kong stocks tumbled on Tuesday (Aug 13) as protests that have jolted the city for more than two months fuel political and economic ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Tokyo: Stocks open higher on Wall Street gains[TOKYO] Tokyo stocks opened higher on Wednesday, following rises on Wall Street, as concerns over the US-China trade row eased after President Donald Trump delayed tariffs on key Chinese goods. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
US stocks tumble on trade war, weakening outlookNEW YORK: Wall Street stocks finished a bruising session sharply lower on Monday (Aug 12) as worries about slowing growth and the protracted ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
US: Wall St stocks tumble on trade war, weakening outlook[NEW YORK] Wall Street stocks finished a bruising session sharply lower Monday as worries about slowing growth and the protracted US-China trade war hit banking shares and the broader market. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »