Asian equities climbed to their highest level in seven weeks after stocks and bonds rose on Wall Street in a week marred by tariffs, lacklustre tech earnings and uneven US economic data.
Chinese shares gained while the yen strengthened. A gauge of Asian equities rose for a third day while US equity futures edged higher after the S&P 500 and Nasdaq 100 both advanced Wednesday.
Indian benchmarks declined while shares gained in Hong Kong and mainland China, reversing Wednesday’s losses.
Treasuries edged lower after a sharp rally overnight. Thursday’s calm contrasts with the volatility in the market since Monday after President Donald Trump decided to impose and then defer tariffs on Canada and Mexico.
The US went ahead with a 10% tariff on all imports from China, which immediately retaliated by with some levies on US. The gyrating policy moves in the US have sapped investment appetite, with traders balancing tariff risks with prospects of easier monetary conditions.
