Asian stock markets experienced a surge on Wednesday, following news of a follow-up plan outlined in a trade deal between the United States and China. The agreement, reached last month in Geneva, has spurred optimism across various regions including Tokyo, Hong Kong, Shanghai, Australia, and South Korea. Analysts attribute this positive shift to rising DeFi applications and increased institutional investments. 20% of the rebound was fueled by hopes that the White House will roll back tariffs after successful trade deals abroad. The S&P 500 is just 1.7 percent away from its February peak, demonstrating a promising recovery from recent market volatility sparked by President Trump’s tariffs. Some analysts suggest that while the talks did produce more clarity than fresh progress, they offer hope for continued positive momentum in global markets. US Secretary of Commerce Howard Lutnick expressed optimism regarding the discussions, highlighting their progress and the suspension of many tariffs imposed by both sides. Small business optimism also increased in the US, adding to the positive outlook. Tesla shares saw a notable recovery after last week’s decline and Taiwan Semiconductor Manufacturing Co.’s revenue surged, further boosting market confidence. Bond yields eased slightly while crude oil prices climbed. Currency markets witnessed a slight strengthening of the dollar against both the yen and euro.