Today, Trump's tariffs were &#34;suspended,&#34; and this sudden event instantly ignited global market optimism, prompting investors to reverse their previous &#34;sell America&#34; trading strategy. In addition to the tariff news, NVIDIA's strong earnings expectations also boosted investor sentiment.
According to CCTV News, on May 28 local time, a U.S. federal court blocked the tariff policy announced by President Trump on April 2 from taking effect, ruling that Trump overstepped his authority by imposing comprehensive tariffs on countries that export more to the U.S. than they import.
Global markets quickly reacted, with risk assets rising and safe-haven gold falling: U.S. stock futures rebounded strongly, Asian stock markets surged collectively, the U.S. dollar index climbed rapidly, and gold plummeted. The yield on 10-year U.S. Treasury bonds rose by 2 basis points.
<h2>&#34;Sell America&#34; trade reversal, risk assets respond positively, safe-haven assets decline</h2>
Specifically, U.S. stock futures rebounded strongly, with S&amp;P 500 futures and Nasdaq 100 futures rising by as much as 1.7% and 2.1%, respectively.
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Asian stock markets generally rose, with the Japanese stock market leading the way with a notable increase of 1.2%.
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The U.S. dollar index climbed to its highest point in over a week, while the yen depreciated by 0.8% against the dollar.
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Since the peak in February, the dollar has fallen more than 7%, as previous tariff policies severely damaged market sentiment towards U.S. assets and prompted investors to rethink the world's reliance on the dollar. Mingze Wu, a currency trader at StoneX Financial Pte in Singapore, stated:
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&#34;The dollar has fallen sharply due to tariffs, so it is reasonable to see the opposite situation occurring now, as the trade outlook has marginally become more positive.&#34;
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Gold plummeted in response, dropping to the level of $3,270.
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U.S. Treasury bonds fell, with the yield on the 10-year Treasury rising by 2 basis points.
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&#34;Any event that could hinder Trump's tariff agenda is generally interpreted by investors as positive news,&#34; said Tim Waterer, Chief Market Analyst at KCM Trade in Sydney. &#34;Risk assets like stocks are likely to react positively to this news.&#34;
Since Trump announced the highest tariffs in history on April 2 to reshape global trade order, global financial markets have experienced massive sell-offs. Trump's tariff plan, combined with tax cuts, has raised investor concerns that the trade war will harm global economic growth, prompting them to shift towards &#34;selling America&#34; trades.
Billy Leung, Senior Investment Strategist at Global X ETFs Australia, pointed out: &#34;The tariff ruling is more seen as a sentiment booster rather than a structural turning point. The court's decision eliminated a tactical risk before the July tariff timeline — this is a key clearing event. However, based on fund flows and sentiment indicators, investors are still trading cautiously.&#34;
<h2>Nvidia's Strong Performance Boosts Tech Stocks</h2>
In addition to the tariff news, NVIDIA's strong earnings outlook has also boosted investor sentiment.
NVIDIA CEO Jensen Huang provided a robust sales forecast and stated that the AI computing market is still in the &#34;exponential growth&#34; phase. Following the announcement, NVIDIA surged nearly 5% in after-hours trading in New York.
However, the market is not entirely optimistic. HP Inc. fell about 8% in after-hours trading due to its profit outlook falling short of expectations and a downward revision of its full-year earnings forecast. Meanwhile, shares of Cadence Design Systems and Synopsys plummeted due to news of chip restrictions from the Trump administration

Trump's tariffs "halted" ignited global market optimism, with risk assets rising and safe-haven gold declining. S&P 500 futures and Nasdaq 100 futures surged by as much as 1.7% and 2.1%, respectively. Asian stock markets generally rose, with the Japanese stock market leading the way with a notable increase of 1.2%. The U.S. dollar index quickly climbed, gold plummeted, and the yield on 10-year U.S. Treasuries rose by 2 basis points

- On May 28, a U.S. federal court blocked President Trump's tariff policy, sparking optimism in global markets and reversing the "sell America" strategy among investors.  
- U.S. stock futures surged, with the S&P 500 and Nasdaq 100 futures rising by 1.7% and 2.1%, respectively, while Asian markets also saw significant gains.  
- Additionally, Nvidia's strong earnings forecast boosted investor sentiment, although some companies like HP faced declines due to disappointing profit expectations.

Trump's tariffs "halted," Asian stock markets surged collectively, U.S. stock futures rose, the dollar increased, and gold plummeted