Asian and European markets joined the trade Thursday in response to President Donald Trump’s dramatic decision to suspend the prices planned for almost all American trade partners for 90 days – with the exception of China.
The main Asian indices opened on Thursday with notable recovery – marking a stay for the most part after a week of turbulence and sales pushed by fears to degenerate commercial wars and recession.
In Japan, the Nikkei 225 increased by 8% and the broader Topix index increased by 7.6%. South Korea Kospi has increased by almost 6%.
The Taiwan Taiex index jumped by 9.25% and ASX 200 in Australia increased by 4.6%.
The currency dealers work in front of an electronic card showing the composite scholarship index in Korea (Kospi) and the exchange rate between the US dollar and the South Korean won in Seoul, South Korea, on April 10, 2025.
SOO-HYEON KIM / REUTERS
The main Chinese markets were also in the green, despite Trump’s decision to raise prices on Chinese products to a total cumulative total. The president allegedly alleged a “disrespect” from Beijing to explain the last hike, his last side to come after China announced 84% reciprocal prices on American products on Wednesday.
The Hong Kong Hang Seng index climbed 3%, the Shanghai composite index jumped by 1.29%and the Shenzhen components index increased by 2.7%.
In Europe, the Pan-Continental Stoxx 600 index jumped by more than 7%.
During the opening, the FTSE 100 of Great Britain climbed 6%, the CAC 40 of 6.4%, Germany by 8%, the Italian FTSE Mib of 7.5%and the IBEX of Spain 7.2%.
The American markets closed after major rebounds on Wednesday following Trump’s announcement that most of his radical rates would be interrupted.
The industrial average of Dow Jones has climbed 2,962 points, or 7.8%, marking the best day of the index since 2020.& P 500 jumped 9.5%, while the NASDAQ, heavy in technology, climbed by 12.1%.
US stock contracts fell before Thursday’s negotiation session. Since early Thursday morning, term contracts on Dow have dropped by 0.18%,& P 500 in the long term lowering by 0.45% and the term contracts on the NASDAQ fell 0.85%.
President Donald Trump is preparing to sign decrees as a Treasury Secretary Scott Bessent, Commerce Secretary Howard Lungick, Interior Secretary Doug Bergum, and transport secretary Sean Duffy Watch at the Oval office on April 9, 2025 in Washington.
Anna Moneymaker / Getty Images
Max Zahn of ABC News contributed to this report.
