Asian markets cheer as pause in US-China trade war boosts risk appetite

Government

TOKYO: Asian stocks joined the global rally and the US dollar held on to most of its gains on Tuesday (May 13) as investors heaved a sigh of relief after a temporary halt in the trade war between the US and China eased worries of a global recession. Japan's Nikkei soared 2 per cent, touching its highest level since Feb 25, and tech-heavy Taiwan also rose 2 per cent, while Chinese stocks inched higher in early trading. Singapore's Straits Times Index (STI) was up more than 1.5 per cent in early