NEW YORK: Asian stocks rose Tuesday (March 25) after signs that President Donald Trump’s trade sanctions will be narrower than feared helped propel US equities to one of its best sessions of the year.
A gauge of Asian shares edged higher following gains in Japan and Australia. Chinese stocks fluctuated while Hong Kong dropped. Treasuries were slightly up in Asian trading following a nine basis point climb in the ten-year yield to 4.33 per cent in the prior session. Wall Street’s risk-on bid lifted shares of nearly all stripes Monday in a rebound from a sharp selloff that has challenged the notion of US exceptionalism.
