Asian markets rallied sharply on Thursday, tracking strong overnight gains on Wall Street after former U.S. President Donald Trump announced a 90-day suspension of newly implemented reciprocal tariffs. The pause applies to most U.S. trading partners but excludes China, which now faces increased import duties of 125%.
Market Highlights

Japan’s Nikkei 225 jumped 9%

TOPIX rose 7.5%

South Korea’s KOSPI gained 6%

Australia’s ASX 200 added 4.7%

Singapore’s Straits Times Index rose 5%

India remained closed for a public holiday

Notable Stock Movers:

Renesas Electronics (TYO:6723) surged 14%

Samsung Electronics (KS:005930) rose 5%

SK Hynix (KS:000660) climbed 10%

Trump’s Tariff Pause — With a Key Exception
In a post on Truth Social, Trump said the pause follows “direct outreach” from multiple governments. His administration stated that the 90-day window is intended to allow space for bilateral trade negotiations and to avoid immediate disruption of global supply chains.
However, China was excluded from this suspension.

Tariffs on Chinese goods increased to 125% (from 104%)

Beijing responded by raising tariffs on U.S. imports to 84%

Global Market Reaction
Wall Street closed significantly higher:

S&P 500 rose 10% on Wednesday — the biggest single-day gain since 2008

U.S. futures extended gains in Asian trading sessions

Asian equities mirrored this optimism, especially in technology and semiconductor sectors, which had been under pressure due to recent trade developments.
Data Watch: Fundamentals & Filings
To evaluate how these macro shifts affect corporate performance:

The Ratios TTM Statement Analysis API provides updated valuation metrics like P/E, ROE, and EV/EBITDA for key gainers in the semiconductor and manufacturing space.

For real-time regulatory disclosures, the SEC Filings API offers insights into trade-related corporate updates filed by multinationals exposed to shifting tariff policies.

Outlook
China’s exclusion from the tariff pause and the increase in duties on both sides indicate that U.S.–China trade tensions remain elevated. For other trading partners, the temporary suspension may help ease short-term pressure on exports and supply chains.
Market momentum remains driven by macro headlines, with investors closely tracking further trade announcements and earnings guidance in impacted sectors.

Let me know if you’d like a version focused solely on semiconductor stocks or sector-wise breakdowns using additional FMP APIs.