Asian Stocks Rise on Trump’s Tariff Reluctance: Markets Wrap.

Asian equities rose, with Chinese stocks leading gains after comments from US President Donald Trump hinting at a potentially softer approach toward tariffs on China. The yen strengthened after the Bank of Japan raised interest rates.

A gauge of Chinese stocks in Hong Kong jumped, while the dollar weakened and the yuan extended gains, after Trump said in an interview with Fox News that he would rather not have to use tariffs against the world’s second-largest economy.

Assets often seen as proxies for China also reacted, with the Australian dollar gaining 0.5%. But some recommended caution in interpreting the US President’s comments.

Source: FINANCE.YAHOO