Markets have rallied after a weekend agreement to reduce tariffs to 10% in China and 30% in the US is good news for companies and markets, and the US dollar; however, pharmaceutical stocks are in focus as US president Donald Trump tries to reduce drug prices.

The HKMA and CMU OmniClear are leading Hong Kong’s ambitions to internationalise the use of Chinese bonds in global trading. The development of the innovative infrastructure represents a breakthrough for Rmb repos, clearing, settlement and custody.

An April review by the IMF ended without an agreement, with June the next opportunity to meet the IMF's conditions and release two tranches of loans.

While banks should remain conservative, a balance with innovation can be reached, according to Deutsche Bank’s Boon Hiong Chan.

Transaction is priced at $25.6 per share equivalent for 10,818,510 shares of Kakao that SK Telecom holds.

The potential tariffs involve antidumping investigations connected to around $12bn of solar cells exported from Vietnam, Malaysia, Thailand and Cambodia, with some specific companies targeted.

The games, if they go ahead, potentially in 2027, are expected to bring economic benefits to the Greater Bay Area, including Hong Kong, and countries part of the Belt and Road Initiative.

Yuanta Securities (Cambodia) acted as the lead manager and underwriter for a transaction with three tranches worth a total of $49m; the proceeds will finance a 60MWac solar photovoltaic (PV) plant with an integrated battery energy storage system.

US president Donald Trump has ordered a 90-day pause on retaliatory tariffs above the 10% already imposed, except for Chinese goods, with tariffs now at 145% after China retaliated; Trump has now put tariff exemptions on smartphones, electronics and computers.

The tariffs are set to come in on Wednesday, April 9, and could cause huge upheaval for US companies, Chinese companies and Vietnamese companies across their supply chains.