Most Asian markets extend rally in glow of China-US truce
- Posted on May 13, 2025
- By Yahoo News
- 3 Views
Most Asian markets extend rally in glow of China-US truce
Most Asian stocks extended gains Tuesday as investors continued to bask in the glow of the China-US tariff suspension that has fuelled hopes the world's two economic superpowers will step back from a punishing trade war.Meanwhile, Federal Reserve governor Adriana Kugler warned that even with the reduction in tariffs, Trump's trade policies will likely push inflation higher and weigh on economic growth.