Asian shares jump on hopes tariff war may subside and Trump won’t fire Federal Reserve chief

Asian shares mostly rose Wednesday, with markets showing relief after President Donald Trump indicated he won’t dismiss the head of the U.S. Federal Reserve. Hong Kong’s Hang Seng added 1.7% to 21,927.92, while the Shanghai Composite was little changed, down less than 0.1% at 3,298.33. Trump had previously said he could fire Fed chair Jerome Powell after the Fed paused cuts to short-term interest rates.

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