Japanese stocks soared more than 1,200 points and returned to 66,000, as the U.S.-China trade truce was extended to boost the market

Japanese stocks soared more than 1,200 points, returning to 66,000. (European News Agency)

[Financial Channel/Comprehensive Report] Affected by the surge in oil prices and U.S. bond yields, the four major U.S. stock indexes all closed in the black on Wednesday. However, after the U.S.-China trade truce was extended for two months, coupled with compensatory gains, Japanese stocks opened higher today, rising more than 1,200 points, and the index returned to 66,000.

U.S. stocks fell on Wednesday as investors worried that the U.S. Federal Reserve (Fed) might further raise interest rates and U.S. Treasury yields rose. The S&P 500 fell 0.75%, the Nasdaq fell 1.13%, the Dow Jones Industrial Average fell 352.10 points, 0.68%, and TSMC ADR fell $5.43, 1.20%, to close at $446.57.

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However, on the eve of the U.S.-China summit, U.S. Treasury Secretary Scott Bessent said that Washington and Beijing have agreed to extend the trade truce originally scheduled to expire on November 10 for two months, and the economic and trade relaxation period of the world's two largest economies will temporarily continue.

Asian stocks did not fear the impact of the decline in US stocks on Thursday and started to make up for the gains. They opened up 458 points today and opened at 65,476 points. Driven by the sharp rise in the stock prices of Murata, Kioxia, Nittobo and others, the index opened higher and reached 66,249 points, up 1,231 points or 1.89%. As of 8:57 Taipei time, it was at 66,171 points, up 1,152 points.

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