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Trump on Wednesday stunned markets by awarding a 90-day reprieve on his "Liberation Day" reciprocal levies that had gone into effect less than 24 hours earlier, though he maintained a baseline tariff rate of 10% on most countries.
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Gold prices extended gains on Thursday, driven by an escalating trade war between the United States and China, even after President Donald Trump announced a 90-day pause on tariffs for other countries.
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China and Hong Kong shares ended higher on Thursday, as investors played down the latest U.S. tariff increase on Chinese imports and pinned their hopes on talks between the world's two largest economies as well as on market and policy support from state firms.
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News and Media
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