Asian markets rise as Wall Street returns to gains; Know the market situation amid tariff dispute

The growing tension between the world's two largest economies could cause widespread damage and is also expected to lead to a global recession. Trump recently announced a 90-day halt on some of his tariffs for countries other than China. Australia's S&P/ASX 200 rose 1.5% to 7,758.70 on Monday. The Taiex rose 0.6% in Taiwan, whose economy is heavily dependent on exports of computer chips and other high-tech goods.

On Friday, the S&P 500 rose 1.8% to 5,363.36, ending a chaotic and historic week. The Dow Jones Industrial Average rose 1.6% to 40,212.7, while the Nasdaq Composite rose 2.1% to 16,724.46.

The yield on the 10-year Treasury was trading at 4.466% on Monday morning. On Friday, it had reached 4.58% in the morning. It was at 4.01% a week ago. Gold rose $4.20 to a new record high of $3,249 an ounce on Monday morning. The uncertainty caused by the trade war is eroding confidence among US buyers, which could impact their spending and hurt the economy, which is growing at a strong rate this year. Wholesale inflation data in the US has come in better than expected. But there are concerns that inflation will rise in the coming months as Trump's tariffs may take their toll on the market.

JPMorgan Chase, Morgan Stanley, and Wells Fargo all three reported better-than-expected profits in the first three months of the year than analysts expected. JPMorgan Chase rose 4%, Morgan Stanley rose 1.4% and Wells Fargo fell 1%. During Monday's trading, the price of US benchmark crude fell 20 cents to $61.30 a barrel and the price of international standard Brent crude fell 20 cents to $64.56 a barrel. The US dollar fell to 143.05 Japanese yen from 143.91 yen. The euro rose to 1.1379 dollars from 1.1320 dollars.