This is C온라인카지노사이트's live blog covering Asia-Pacific markets.

Asia-Pacific markets rallied Monday after China and the U.S. , including a 90-day pause on tariffs and a drop in reciprocal tariffs by 115 percentage points.

"The magnitude of this tariff reduction is larger than expected," Tai Hui, APAC Chief Market Strategist at J.P. Morgan Asset Management, noted.

"This reflects both sides recognizing the economic reality that tariffs will hit global growth and negotiation is a better option going forward. The 90-day period may not be sufficient for the two sides to reach a detailed agreement, but it keeps the pressure on the negotiation process," he wrote in a Monday note.

Hui also added that investors would still be awaiting "further details on other terms of this agreement, for example, whether China would relax on rare earth export restrictions."

Hong Kong stocks led gains in the region with the  surging 2.98% to end the day at 23,549.46, its highest level since March 27 while the Hang Seng Tech index advanced 5.16% to 5,447.35, its highest since March 28.

Meanwhile, mainland China's  index increased 1.16% to end the day at 3,890.60.

Indian stocks also saw massive gains following the ceasefire between India and Pakistan over the weekend. The — the worst in nearly three decades — with both sides exchanging fire with missiles and drones.

The benchmark  surged 3.49% while the BSE Sensex gained 3.38% as of 2 p.m. local time.

Japan's benchmark ended the day 0.38% higher at 37,644.26 while the broader Topix index added 0.31% to 2,742.08.

In South Korea, the  index advanced 1.17% to close at 2,607.33 while the small-cap Kosdaq moved up 0.4% to 725.40.

Over in Australia, the benchmark  pared gains to end the day flat at 8,233.50.

Markets have been retracing the "totality of their correction experienced in the first ten days of April," following the pause in the U.S.' tariffs on imports, Jean-Louis Nakamura, head of conviction equities at asset management house Vontobel said.

While there is no clarity on how the global economy — and the U.S. and Chinese markets — will be impacted by the duties, Nakamura believes that more clarity will come in the next two months.

"We might attend a tug of war between pre-announcements of more sustainable and comprehensive agreements, closer to the initial starting situation, and hard data suggesting a rapidly deteriorating internal demand in the U.S. and exports dynamic in China. If the latter come first, markets should experience another large bout of volatility," Nakamura wrote in a Monday note.

after the details of the trade deal between the U.S. and China were released.

All three key benchmarks on Wall Street declined in last Friday's session.

The 30-stock lost 119.07 points, or 0.29%, and settled at 41,249.38. Meanwhile, the broad-based  inched down 0.07%, closing at 5,659.91, while the  ended the session little changed, ending at 17,928.92.

— C온라인카지노사이트's Yun Li, Fred Imbert, Pia Singh and Brian Evans contributed to this report.

Indian stocks on track to hit best one-day gain in nearly a year

Indian stocks extended their gains from earlier in the day, and were on track to log their best session in nearly a year.

As at 1.25 p.m. local time, the benchmark had gained 3.39% to 24,820.90 while the BSE Sensex had advanced 3.17% to 81,968.22.

Both indexes are on track to recover the 1.5% they lost since India's strikes on neighbor Pakistan last Wednesday.

They could also potentially hit their best single-day jump since June 5, 2024, when India's National Democratic Alliance won the national elections.

Hang Seng Tech Index surges over 6% just before close

Hong Kong's Hang Seng Tech Index traded 6.16% higher as at 3:53 p.m. local time, as investors welcomed the details of the U.S.-China trade deal.

The top three performers in the index were consistent from earlier in the day, with surging 16.49%, gaining 16.14% and increasing 11.57%.

The  shows the day's moves:

— Amala Balakrishner

Indian and Chinese currencies strengthen

Indian and Chinese markets rallied Monday as investors welcomed the India-Pakistan ceasefire and the U.S.-China trade deal.

The Chinese yuan strengthened by 0.35% against the U.S. dollar to 7.2110, while the offshore Chinese yuan gained 0.47% to 7.2056 as of 3.28 p.m. Singapore time.

Meanwhile, the Indian rupee strengthened by 0.74% against the greenback to 84.7480.

Elsewhere in Asia-Pacific, the Korean won depreciated 0.97% against the U.S. dollar to 1,408.73 while the Japanese yen weakened 1.58% to 147.62.

— Amala Balakrishner

Asian pharmaceuticals tumble on Trump's move to cut U.S. drug prices

Asian pharmaceutical stocks tumbled on Monday, after U.S. President Donald Trump said he would sign an executive order to .

This will keep prescription drug prices in the U.S. — which is among the highest in the world — in line with other high-income countries.

Strong declines were seen among drugmakers in Japan, with plunging 10.89%, retreating 8.15% and losing 5.27% as at 2.08 p.m. Singapore time.

Over in South Korea, Samsung Biologics, Celltrion and SK Biopharmaceuticals declined by 4.52%, 4.05% and 2.77% respectively.

Shares of Hong Kong's pharmaceutical giants also fell on Trump's announcement, with BeiGene plunged 9.2% while Innovent Biologics was down 6.87%.

Indian pharmaceutical companies also dropped, despite strong gains in the and BSE Sensex following the India-Pakistan ceasefire.

The Nifty Pharma index was flat. The three worst performers were , which lost 3.43%, , which dropped by 1.05% and , which declined by 1%.

— Amala Balakrishner

Pakistani stocks surge over 8% - triggering one-hour trading halt

Pakistani stocks climbed Monday as investors welcomed the ceasefire between India and Pakistan over the weekend. This is a reversal from the .

Pakistan's benchmark KSE-100 index rose 8.84% to 116,650.12, its highest level since January. 3.

Meanwhile, the KSE-30 index — which captures the 30 most liquid stocks on the Pakistan Stock Exchange — surged 9.25% to hit 35,668.76, its highest level since April 23.

The massive jump in the market has .

— Amala Balakrishner

Indian stocks surge over 2.8% following India-Pakistan ceasefire

Indian stocks surged on Monday after a over the weekend appeared to hold.

The benchmark  gained 2.86%, while the BSE Sensex surged 2.87% as at 10.15 a.m. local time.

The 50-stock benchmark is up 4.24% since the start of the year while the BSE Sensex has risen 4.42%.

Strong gains were seen in the Birla Corporation, which surged 19.99%, which climbed 12.21% and , which jumped 11.38%

— Amala Balakrishner

Bitcoin falls, but remains above $100,000 threshold

slid on Monday, above the $100,000 threshold.

The cryptocurrency was down 0.42% to $103,859.94 as of 11.39 a.m. Singapore time.

The latest move is a reversal from its fast gains in the last week, which pushed investors to forecast that it will soon hit its record high of $109,000, which happened at the end of January.

— Amala Balakrishner

Chinese defense stocks extend gains despite India-Pakistan ceasefire

Chinese defense stocks extended their gains on Monday, despite the over the weekend.

Shares of Shenzhen-listed AVIC Chengdu Aircraft — which  that were reportedly used by Pakistan during the conflict — had surged 18.365% as at 11.10 a.m. local time.

Meanwhile, shares of China State Shipbuilding Corporation, , had advanced 8.28%.

— Amala Balakrishner

Taiwan's Taiex index rises over 1% amid rally in Asia-Pacific stocks

Taiwan's benchmark Taiex index surged 1.12% as of 10.40 a.m. local time, as indexes across Asia-Pacific picked up over optimism of a trade deal between the U.S. and China.

Gains in the Taiex were broad-based and were led by the energy, utilities and technology sectors.

The top three performers were , which surged 10%, Lai Yih Footwear, which advanced 9.98% and , which added 9.97%,

Meanwhile, shares of tech giants and — known globally as Foxconn — were last seen trading 0.95% and 3.4% higher, respectively,

The  shows the index's moves:

— Amala Balakrishner

Hong Kong shares rally as investors await details on U.S.-China trade deal

Hong Kong's surged 1.44% Tuesday, extending its gains for the eighth consecutive session.

Many major Chinese companies are listed on the index, which is up 15.64% since the start of the year. The strong gains were broad-based across sectors.

The Hang Seng Tech Index rose 2.43% as at 10.31 a.m. local time.

Top performers include , which gained 9.24%, , which increased 6.65% and , which advanced 6.45%.

The  shows the day's moves:

— Amala Balakrishner

China-listed shares of CATL surges over 3.4% following HK IPO filing

Shares of Chinese battery giant  (CATL) surged as much as 3.43% on the Shenzhen Exchange on Monday, following its announcement to ($3.99 billion) in its Hong Kong listing.

The world's largest electric vehicle battery producer is , according to its prospectus on the Hong Kong Exchange.

It has an offer size adjustment option, which means that the number of shares could be increased by up to 17.7 million shares to raise up to an .

Over 20 cornerstone investors, led by Sinopec and Kuwait Investment Authority, have subscribed to buy about $2.623 billion worth of CATL shares, its prospectus showed.

The final price for CATL's shares on the Hong Kong Stock Exchange will be announced on or before May 19 and start trading on May 20.

— Amala Balakrishner

Australian mining stocks rise on optimism over U.S.-China trade deal

Australian mining stocks rose Monday on the back of optimism over a trade deal between the U.S. and China.

China is the largest importer of Australia's mining products, such as iron ore and natural gas.

Gains were seen in major miners, with adding 1.32%, increasing 1.81% and surging 2.26% as at 11.27 a.m. Australian Eastern Daylight Time.

Gold miners, meanwhile, trailed declines in gold prices.

Among the worst-performing stocks in the category were Bellevue Gold, which lost 2.56%, , which slid 2.71% and , which plunged 3.88%.

— Amala Balakrishner

Spot gold sinks as investors cheer progress in U.S.-China trade talks

plunged Monday as investors cheered early signs of progress in trade talks between the U.S. and China.

As at 9.20 a.m. Singapore time, the bullion was trading 1.85% lower at $3,262.29 per ounce.

The latest moves in the precious metal — which is a traditional hedge against political and financial instability — is a reversal from the 2.6% gain it notched the week before as investors sought refuge in it.

— Amala Balakrishner

Japan's current account surplus hits $25.2 billion in March in line with estimates

Japan's current account surplus came in at 3.68 trillion yen ($25.24 billion) in March, data released by the Ministry of Finance on Monday showed.

The reading is in line with estimates of economists polled by Reuters, but is a slight drop from the record 4.06 trillion yen surplus in the month before.

– Amala Balakrishner