From Yahoo Finance: 2025-04-09 20:35:00

Japan’s Nikkei share average surged 9% after Trump’s 90-day tariff pause, with the Nikkei rising 9.13% to 34,609, its biggest gain since August. The Topix climbed 8.09% to 2,539.4. Uniqlo-owner Fast Retailing jumped 9% and chip-related shares soared, boosting the market. All sectors saw gains, with banking up 8.51%.

Trump’s tariff pause led to a market rally, with the Nikkei bouncing back from recent losses. The S&P 500 also surged 9.5% for its biggest gain since 2008. Morgan Stanley analysts are bullish on Asia equities, especially Japan, due to its strong reflationary dynamic and potential for growth.

Read more: Japan’s Nikkei surges 9% on relief after Trump pauses tariffs