Trillions of dollars flowed back into Wall Street, after a tariff backflip from the White House. The benchmark S&P 500 index posted its best one-day gain since October 2008 with a 9.5 per cent rise, while the tech heavy Nasdaq Composite surged 12.2 per cent, driven by the Magnificent Seven stocks with Tesla, with NVIDIA Corp and Apple leading the gains. Australian stocks increased in value by almost $120 billion, as the local sharemarket posted its best one-day gain since 2020. The benchmark ASX 200 index surged 4.5 per cent to 7,710 points, while the broader All Ordinaries index jumped 4.7 per cent to 7,914 points. However, market analysts are generally warning that investors should expect more extreme volatility until the tariff situation is finally resolved. Mr Trump called a 90 day reprieve on his tariff war and slashed the tax to just 10 per cent for all nations except China. For weeks, he's shrugged aside an unrelenting fall on Wall Street as stocks dived on the prospect of lower growth, a spike in inflation and the growing chance of a recession. But on Tuesday, after weeks of discontent, the real power players on financial markets took action. In an unprecedented attack on America's global financial dominance, they began abandoning US government bonds, sending market interest rates sharply higher. It was an ominous sign that the world was losing faith in America and that the US would pay the price.
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The two largest economies in the world are now going head-to-head in a trade war that experts fear could trigger a global recession.

Donald Trump said he was raising tariffs for China to 125% - effective "immediately".

It came after Beijing announced it was levying an 84% tariff on all American imports, following Trump's original 104% levy on Chinese goods entering the US.

Sky's Asia correspondent Helen-Ann Smith looks at the impact the tariffs are beginning to have on Chinese traders and how the country's leaders will handle the crisis.

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You might be wondering, how many planets are there outside our solar system? There's reportedly more than 5,000 planets outside our solar system. This confirmation comes from NASA, where on March 21st they turned on the planetary odometer, adding 65 more planets to its Exoplanet Archive. With that addition, the number of confirmed and detectable planets beyond our solar system is just over 5,000, with 35% of the planets being categorized as Neptune-like, 31% identified as super-Earths, 30% as gas giants, and 4% as terrestrial. The Jet Propulsion Lab also shared a video to celebrate this cosmic discovery, which they achieved by using powerful telescopes located on the ground and in space. This #NASA discovery is truly out of this world!

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Prime Minister is on a visit to Denmark as part of his 3-nation Europe visit. He said,'We made an appeal to take the path of dialogue & strategy for an immediate ceasefire and solution to the problem in Ukraine.'
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Helle Thorning-Schmidt was Prime Minister of Denmark from 2011 to 2015. Until very recently she was the CEO of the charity 'Save the Children'.

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She talks to Krishnan about why we need to find common ground on political battle lines, her experience as a female political leader and her life-long quest for a fair society.

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