Asian stocks surged, following Wall Street’s substantial recovery. Japan’s Nikkei 225 climbed by 1.31% to 36,516 as the Bank of Japan maintained steady interest rates amidst trade uncertainties.
US economic data revealed potential contraction, fueling stagflation fears, although inflation showed signs of easing slightly in March, with the Federal Reserve’s inflation gauge at 2.3%.
The market remains jittery due to potential US tariffs and trade tensions. The S&P 500 and Dow Jones saw modest returns after earlier losses, reflecting cautious investor sentiment.
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