Asian Shares Regain Footing On Trump TACO Trade
RTTNews·2026-01-22 16:43
Asian stocks advanced on Thursday amid easing geopolitical and trade tensions after U.S. President Donald Trump signaled pausing proposed tariffs against eight European countries over Greenland ownership. Analysts said it was yet another classic TACO (Trump always Chickens Out) trade.Gold was little changed at $4,833 an ounce in Asian trade as fears of the U.S. dollar losing its dominance remained intact. Oil prices traded lower as the glut narrative regained control. China's Shanghai Composite index ended ...