SINGAPORE: Global stocks rallied, the dollar found footing and a manic bond selloff stabilised on Thursday after U.S. President Donald Trump said he would temporarily lower the hefty duties he had just imposed on dozens of countries.
Following a days-long market rout that erased trillions of dollars from global stocks and pressured U.S. Treasury bonds and the dollar, Trump on Wednesday announced a 90-day pause on many of his new tariffs in a shock reversal.
