Market Movements
Asian markets experienced significant gains, with Tokyo's Nikkei 225 up by 1.9% and South Korea's KOSPI rising by 1% early Friday, following a three-day rally on Wall Street.
The Hang Seng in Hong Kong and Taiwan's Taiex also saw increases, while the Shanghai Composite Index remained nearly unchanged. The Australian market was closed due to Anzac Day.
Economic Influences
The rally was influenced by hopes that the Federal Reserve would cut rates, boosted by better-than-expected profits from U.S. tech companies and a potential softening of Trump's tariff stance.
Despite the positive market movements, China denied being involved in active trade negotiations with the U.S., amid expectations for interest rate cuts if Trump's tariffs adversely impact the U.S. economy.