Asian Markets Respond Positively to US-China Trade Developments

In a significant boost to regional sentiment, Asian markets experienced an upward trajectory on Tuesday. This surge was largely attributed to the announcement by United States President Donald Trump, who confirmed the extension of the China tariff deadline by 90 days through an executive order. This move has alleviated investor concerns, especially with the anticipation of key US inflation figures on the horizon.

Record-Breaking Performances Across the Board

Japan's Nikkei 225 led the charge, soaring to a historic high of 42,867.69, marking a 2.45% increase. Meanwhile, Hong Kong's Hang Seng saw a modest rise of 0.07%. The currency markets also reflected this optimism, with the dollar gaining 0.10% against the yen, trading at ¥148.2970.

Widespread Gains in Mainland China and Beyond

The positive momentum was not limited to Japan and Hong Kong. Mainland China's Shenzhen Composite and Shanghai Composite rose by 0.41% and 0.88%, respectively. Similarly, South Korea's Kospi and Australia's S&P/ASX 200 enjoyed increases of 0.63% and 0.16%, showcasing the broad-based nature of this rally.