Asian stocks rise as Trump backs off threat to fire Fed Chief, easing trade tensions

From Nasdaq: 2025-04-23 04:55:00

Asian stocks rose following Trump’s comments on Fed Chair Powell and potential tariff reductions on Chinese imports. U.S.-China trade tensions may de-escalate, but negotiations have not started yet. The dollar and Treasuries rebounded, while gold prices fell. Chinese markets underperformed after IMF cut China’s growth forecast. Japanese markets surged on positive earnings reports and Musk’s focus on Tesla. Seoul stocks hit a one-month high on easing trade tensions. Australian markets reached a three-week high, led by banks and energy stocks. U.S. stocks surged on upbeat earnings news and hopes for trade resolution.



Read more at Nasdaq: Asian Shares Follow Wall Street Higher As Trump Backs Off Threat To Fire Fed Chief