Asian Stock Markets Retreat After Surge on China Tariff Cut

Asian stock markets retreated Friday following a surge after China announced a tariff cut on U.S. imports. Market benchmarks in Shanghai, Tokyo, Hong Kong, Seoul and Sydney all declined. Major Asian markets jumped more than 2% on Thursday after Beijing said it will cut duties on $75 billion of U.S. goods as part of a trade truce with Washington. Wall Street closed higher for a fourth day, propelled by gains for technology stocks and strong corporate...