Asia ready to pivot from panic to party as Trump backpedals on tariffs
|Asia markets are flipping the switch — from fear to euphoria — as Trump throws a 90-day lifeline, pausing the reciprocal tariff barrage. The president’s post nodded to the “yippy” reaction to his historic hikes, and honestly, that sums it up. We just witnessed one of the all-time bouncebacks — and now, we look for Asia investors, much like their North American counterparts, to step in and buy the “yips.”
The Nasdaq? Up 12.2% — its biggest one-day surge since 2001. Apple, Microsoft, Nvidia? All ripping more than 10%. This wasn’t a rally — it was a jet-fueled panic unwind.
My trading alerts were going off like AC/DC’s “Thunderstruck” at 1 AM local— forced buy-ins, hedge stops lighting up. I woke up bracing for Armageddon… and landed in something that looked a lot more like sanity returning to the tape.
Even with China still sitting in Trump’s 125% crosshairs, it’s now a manageable risk — especially as global recession tail bets get unwound, and most of Asia’s exporters breathe a massive sigh of relief. We’ve pivoted from pricing in global collapse to what now feels like a high-stakes but structured negotiation timeline.
And yeah — the baton passes cleanly to Asia now, with real momentum in hand. This isn’t just a relief bounce; it’s a full-blown sentiment flip. Traders out here finally get something they can lean into.
Meanwhile, 10Y yields ripped through 4.50% but cooled back to 4.32% after solid demand at auction — putting a lid on the “Sell America Inc.” hysteria, at least for now. That’s no small thing. The plumbing held. The bond market didn’t snap. The funding squeeze didn’t metastasize.
Financial conditions just eased—finally. Local Asian central banks now have breathing room on the FX front and rate policy, a positive, non-panic read-through by any metric.
For traders and investors alike, this is the first real tape we’ve had in a while — not just chaos with a headline trigger finger. And let’s be real: if there’s any bailout coming, it’s going to the U.S. farmers, not hedge funds.
Insane past five hours — full-blown historic reversal. And for the first time in days, we’ve got a setup that doesn’t feel like a ticking margin call every price check.
Time to grab a few hours of shuteye before London kicks off. Feels like it could get jiggy real quick at the open.
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