Thursday 10th April 2025: Asia-Pacific Markets Surge as Wall Street Rallies on Tariff Pause

Global Markets:

•  Asian Stock Markets : Nikkei up 8.24%, Shanghai Composite up 0.92%, Hang Seng up 1.55% ASX up 4.84%
• Commodities : Gold at $3139.35 (1.94%), Silver at $31.087 (2.48%), Brent Oil at $64.65 (-1.45%), WTI Oil at $61.46 (-1.34%)
• Rates : US 10-year yield at 4.275, UK 10-year yield at 4.7885, Germany 10-year yield at 2.5795

News & Data:

• (USD) Crude Oil Inventories 2.6M  to 2.2M  expected

Markets Update:

Asia-Pacific markets mostly advanced on Thursday, mirroring Wall Street’s strongest rally since 2008. The surge came after U.S. President Donald Trump announced a 90-day pause on tariff hikes for all countries except China.

Japan led the regional gains, with the Nikkei 225 jumping 8.35% and the broader Topix climbing 7.59%. South Korea’s Kospi rose 5.38%, while the tech-heavy Kosdaq added 5.09%. Australia’s S&P/ASX 200 followed with a 4.67% gain.

Investors are keeping a close eye on Chinese markets amid escalating trade tensions. The U.S. increased tariffs on Chinese imports to 125% in response to Beijing’s plan to impose an 84% levy on American goods. Despite this, China’s CSI 300 rose 1%, while Hong Kong’s Hang Seng Index gained 1.92%, trimming earlier advances. Indian markets were shut for a public holiday.

U.S. stock futures also climbed after Trump’s tariff pause announcement sparked a massive buying wave on Wall Street. The S&P 500 surged 9.52% to close at 5,456.90 — its largest one-day gain since the 2008 financial crisis and third-largest post-WWII. The Dow Jones Industrial Average soared 2,962.86 points, or 7.87%, to finish at 40,608.45, marking its strongest percentage gain since March 2020. Meanwhile, the Nasdaq Composite leapt 12.16% to end at 17,124.97, registering its biggest single-day rise since January 2001 and its second-highest on record.

Overall, investor sentiment surged globally, fueled by the unexpected tariff relief and optimism for eased trade tensions.

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The post Thursday 10th April 2025: Asia-Pacific Markets Surge as Wall Street Rallies on Tariff Pause first appeared on IC Markets | Official Blog.