Market Rebound: Asian Stocks Jump, Bonds Gain After Trump Pauses Most Tariffs
Asian equities soared on Thursday, posting their biggest gain in over two years, as global financial markets found relief following U.S. President Donald Trump’s decision to pause most of his sweeping reciprocal tariffs. The move helped calm jittery investors after days of intense volatility.
The S&P 500 recorded its strongest session since the global financial crisis, fueling a broader rally across Asian markets. European equity-index futures surged more than 7%, while U.S. futures slipped, reflecting lingering uncertainty and cautious sentiment.
In the bond market, 10-year Treasury yields fell, reversing some of the steep 34 basis point spike seen earlier in the week. That sharp rise had stirred fears about the health of the world’s largest debt market and triggered recession warnings from financial heavyweights, including JPMorgan CEO Jamie Dimon.
Chinese stocks also climbed, boosted by expectations of further economic stimulus as Beijing responds to Trump’s tariff increase to 125%. China’s top leaders are set to meet Thursday to discuss additional measures aimed at stabilizing the economy.
Elsewhere, metals prices stabilized, ending their longest losing streak in 25 years, a sign that the worst of the market panic may be easing—at least for now.
Despite Thursday’s rally, analysts warn that markets remain in flux, and volatility is likely to persist as investors weigh geopolitical tensions, recession risks, and central bank responses.
