Key MSCI Asia Index jumps over 1% Nikkei Hang Seng ASX Index Powell Trump China Lower Tariffs

Asian markets held a relief rally in early trading on Wednesday and said he had no plans to fire Fed Chairman Jerome Powell. In addition, Trump hinted on the off-site that China's tariffs were lower.

Tracking the same situation, Japan's major Asia index rose sharply by 1.62% to 568.18.

Earlier, Trump warned that the United States would fall into recession if the U.S. central bank did not take any action to lower interest rates.

President Donald Trump said he has no plans to fire the Fed's head and suggested that China has lower tariffs, which were held in Asia.