NEW YORK: Stock markets staged a relief rally after US Commerce Secretary Howard Lutnick said the Trump administration may walk back some tariffs. Hong Kong shares led gains as China’s economic growth target spurs bets of more stimulus.
Traders are wading through a slew of news, with Beijing’s annual work report, Lutnick’s hints of a tariff compromise with Canada and Mexico, and Germany’s plan to boost defence spending all impacting markets. Both US and European equity-index futures gained, while a regional Asian gauge rebounded from early losses. Treasuries held Tuesday’s (March 4) losses.
