"Based upon this understanding, I will not be imposing the Tariffs that were scheduled to go into effect on February 1st," he added. The news fuelled a rally of more than one percent in US stocks, which had tanked Tuesday on their return from a long weekend. And Asia followed suit, with Tokyo, Hong Kong, Shanghai, Sydney, Seoul, Singapore, Taipei and Manila. Observers said there had been a pick-up in optimism among investors about the "Trump put" in which big losses in stocks would force the president to change course. The advances in Asia were led by tech-heavy markets Tokyo, Taipei and Seoul, with the latter topping 5,000 points for the first time as chip companies enjoyed bumper gains.

Source: Bangladesh Sangbad Sangstha January 22, 2026 03:34 UTC