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International Business Times
International Business Times
Sport

Asian Stocks Crack Higher As Trump Delays Painful Tariffs

Tokyo stocks led a surge across Asian markets as traders breathed a sigh of relief after Donald Trump delayed most of his crippling tariffs (Credit: AFP)

Asian stocks rocketed Thursday as investors breathed a huge sigh of relief after Donald Trump announced a pause on crippling tariffs on US partners, with Chinese markets even brushing off his decision to ramp up duties on Beijing to 125 percent.

Equities surged across the board, tracking a blistering performance on Wall Street, after the US president said he would delay for 90 days measures announced last week that set off a firestorm on trading floors and sparked warnings of a global recession.

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