Asian shares soar after Wall Street rallies into a 3rd day
Asian markets were higher Friday after Wall Street rallied for the third day, driven by hopes for the Federal Reserve to cut rates. The rally was boosted by hopes that Trump was softening his approach on tariffs and his criticism of the Federal Reserve, but China denied Thursday it’s involved in active trade negotiations with the U.S. Tech stocks rose in China after some semiconductor import companies told Caijing Magazine that some chips made in the U.S. had been quietly exempted from the country's 125% retaliatory tariffs.