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After this move, the US stock market has flew high. The stock markets in the Asia Pacific region saw a strong rise in early trade on Thursday. This bounce has come due to the increasing interest of investors in the market and positive global signals. Nasdaq has seen such an edge for the first time after 24 years in the US Stock Market.
US President Donald Trump has announced a ban on high tariff rates for 90 days. The US stock market has gained momentum after the announcement of increasing tariffs on China's goods to 125%. From April 10, the tariff has been increased to 125% instead of 104%. After this move, the US stock market has flew high.
The stock markets in the Asia Pacific region saw a strong rise in early trade on Thursday. This bounce has come due to the increasing interest of investors in the market and positive global signals. Nasdaq has seen such an edge for the first time after 24 years in the US Stock Market.
According to Bloomberg's report, Nasdaq has climbed 12.2 per cent. Nasdaq has increased by 100 points. This is the first time since January 3, 2001, it has reached this level. So far this is the second time record when it has reached such a high level. It is closed at an upper level of 9.5%.
This is the first time since 2008 that it has come at such a high level. For the third time, Nasdech has seen so much jump. Donald Trump wrote on the social media post that I order to apply a brake on the tariff for 90 days. During this time, 10 percent tariff will be applicable with immediate effect. This break will not apply to China.
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