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US stock markets open sharply higher as US-China tariff truce sparks global market rally

IndiaTimes Monday, 12 May 2025 ()
US stock markets surged following a US-China agreement to suspend tariff hikes for 90 days, boosting hopes for eased trade tensions. The Dow soared by 2.33%, with tech stocks leading the rally. Travel and consumer sectors also saw gains, while pharmaceutical companies faced pressure.
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Video Credit: Oneindia - Published
News video: Trump Sparks Market FRENZY: Asia Surges After US-China Trade Talks Breakthrough! Markets SOAR

Trump Sparks Market FRENZY: Asia Surges After US-China Trade Talks Breakthrough! Markets SOAR 03:35

 Asian markets surged after the U.S. and China held "substantial" trade talks in Geneva, offering hope for a resolution to the tariff war that has shaken global markets. With earlier tariffs reaching as high as 145% on Chinese goods and 125% in retaliation, fears of a recession had loomed large. But...

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