CSE surges after Trump pauses tariffs

This dramatic rebound follows a steep decline on April 9, when the ASPI plummeted by 7% in response to U.S. President Donald Trump’s controversial import tariff announcement. 

However, investor sentiment shifted positively after the White House revealed a three-month suspension in the implementation of the tariff policy.

The positive momentum wasn't limited to Sri Lanka. The U.S. stock market also rallied sharply, with the S&P 500 Index surging by 290.94 points to close at 4,643.63 – a remarkable 6.68% gain in a single day. Other global markets followed suit, signaling a broad recovery from recent fears of a trade war escalation.

Adding to the upbeat market sentiment in Colombo was a notable spike in trading activity. The day's transaction turnover reached Rs. 6.97 billion, a significant increase compared to average daily volumes in recent weeks.

Market analysts attribute the global uptrend to investor relief over the temporary halt in the tariff rollout, with many hoping for diplomatic resolutions during the three-month window. The Colombo Stock Exchange’s strong performance reflects not only the global trend but also local investor optimism about potential economic stability in the near term.