Tuesday, 25 February 2020
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Asia stocks jump higher as Trump delays tariffs on China

Stocks in Asia traded higher Thursday morning amid positive developments on the U.S.-China trade front. Markets also expect further easing measures by the European Central Bank when it announces its decision on interest rates later today.

The Nikkei 225 rose 0.86% in early trade, while the Topix added 0.55%. Shares of Yahoo Japan jumped more than 4.5% in early trade after reports that the company will launch a takeover bid for online clothing retailer Zozo.

In Australia, the S&P/ASX 200 gained 0.57% as majority of the sectors advanced.

Overall, the MSCI Asia ex-Japan index gained 0.23%.

U.S. President Donald Trump tweeted Wednesday that increased tariffs on 250 billion dollars worth of Chinese goods that were set to kick in on October 1 have now been delayed to October 15 œas a gesture of good will.

Source : CNBC

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