Asian stocks rose on Wednesday along with Wall Street, while the U.S. dollar was stable as investors awaited clarity on President Donald Trump's trade policies before the upcoming tariffs. Trump hinted at flexibility regarding the tariffs deadline, suggesting that not all levies would be imposed on April 2 and some countries could receive exemptions. Despite this, he initiated further tariffs on countries purchasing oil or gas from Venezuela. This move initially boosted oil prices but was partly offset by maritime security deals in the Black Sea. Stock markets in Japan, South Korea, and Australia saw gains, supported by softer consumer price data. The U.S. dollar index rose slightly after recent declines, while concerns over a potential recession due to the trade war persisted. In other news, gold prices remained near all-time highs reached the previous week, and oil prices increased. The Bank of Japan Governor hinted at a gradual approach to interest rate hikes, and bond yields in Japan rose to their highest level since 2008.
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