Chinese ETFs and ADRs jumped in overnight trading. CWEB rose 6%, YINN rose 5.5%; Alibaba, XPeng, PDD rose 4%; JD.com rose 3%; Li Auto, Nio rose 2%.
Trump Media & Technology soared 6% in overnight trading.
Shares in Trump Media & Technology closed with double-digit gains and rose as much as 22%, being among the top gainers within the communications services sector on Wednesday.
In a post on his social media platform Truth Social, Donald Trump said, "THIS IS A GREAT TIME TO BUY!!! DJT." The post came hours before the announcement of the 90-day pause on the U.S. reciprocal tariffs unveiled by him earlier this month.