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[hfe_template id='11223'] [ad_1] Asian shares surged in Thursday trading, with Japan's benchmark jumping more than 2,000 points almost immediately after the Tokyo exchange opened, as investors welcomed President Donald Trump's decision to back off on most of his tariffs. Analysts had expected the regional comeback given that US stocks had one of their best days in history Wednesday on a euphoric Wall Street, where investor hopes had run high that Trump would tone down the tariffs. On Thursday, Japan's benchmark Nikkei 225 jumped 8.2% in morning trading to 34,302.05, zooming upward as soon as trading began. Australia's S&P/ASX 200 soared 4.7% to 7,721.40. South Korea's Kospi gained 4.9% to 7,721.40. Hong Kong's Hang Seng added 2.8% to 20,821.48. The Shanghai Composite edged up 0.6% to 3,207.35. Stephen Innes, managing partner at SPI Asset Management, called the reaction "from fear to euphoria". "It's now a manageable risk, ...

[hfe_template id='11223'] [ad_1] China's runaway stocks rally began losing steam on Tuesday and Hong Kong shares slumped as officials disappointed markets by providing few specific details on plans to bolster China's slowing economy. Mainland markets roared back from a week-long break, hitting two-year peaks with turnover surging past a trillion yuan inside the first 20 minutes of trade. But the benchmarks were soon off their highs and proxies for Chinese growth slipped across Asia as the stimulus-backed buying frenzy showed signs of cooling. The Shanghai Composite was up 3.1% in afternoon trade and the blue-chip CSI300 rose 4%, having earlier surged as much as 10.1% and 10.8% respectively. Hong Kong's Hang Seng, catapulted to be the top-performing major market this year aided by blistering gains in recent sessions, slid 7.7%. The Australian dollar fell 0.4% and the yuan headed for its sharpest drop in a year. Iron ore and other industrial metal prices - whi...