Asia shares jump as US stocks soar after Trump pauses most tariffs

A currency trader walks by the screens showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S. dollar and South Korean won at a foreign exchange dealing room in Seoul, South Korea, Thursday, April 10, 2025. (AP Photo/Lee Jin-man)

Asian shares surged in early Thursday trading, with Japan’s benchmark jumping more than 2,000 points almost immediately after the Tokyo exchange opened.

The jump came as investors welcomed US President Donald Trump’s decision to back off on most of his tariffs.