Reported 8 days ago
Stocks in South Korea and Japan surged significantly following President Trump's announcement of a 90-day pause on higher tariffs, providing relief and optimism to investors. The Kospi Index gained 6.6% and Japan's Topix jumped 8.1%, with large-cap exporters like SK Hynix and Samsung leading the rally in South Korea. Although concerns about long-term trade resolutions linger, the market reacted positively, marking the largest gains in years and reflecting relief from fears of a recession.
Source: YAHOO