Tuesday, May 13, 2025

Asian markets cheer amid pause in US-China trade war

INTRO: Asian stocks followed a US rally as investors heaved a sigh of relief after a truce between the US and China eased worries of a global recession.

Japan's Nikkei rose 2 per cent, reaching its highest level since late February, while share indexes also advanced in Australia and Taiwan, Hong Kong's Hang Seng Index slipped after gaining on Monday. Laura Westbrook reports.