Asian markets rally as US-China trade truce lifts investor sentiment

Quick Summary:

The shift in US-China trade relations has led traders to pare back bets of Federal Reserve rate cuts, inferring that policymakers are likely to be under less pressure to ease interest rates to boost growth.

Words like 'mutual respect' and 'dignity' mark a sharp departure from the recent confrontational rhetoric, and that's what markets are cheering," said Charu Chanana, chief investment strategist at Saxo in Singapore.

In cryptocurrencies, bitcoin eased 0.5 per cent to $102,146 on Tuesday but remained above the key $100,000 level it breached last week.

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Article Details

Category: BusinessFinance

Markets: IndiaChinaJapanSingaporeTaiwan

Topics: MSCI Asia-Pacific Chinese shares Global rally Saxo Charu Chanana Tariffs US-China trade truce Nasdaq Nikkei Mutual respect Taiwan stocks Asian markets Tariff cuts Recession fears

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-13 @ 08:44:58 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 680 words

Reading Time: 4 minutes read

Sentences: 19 lines

Sentence Length: 36 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 28656120

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