Wall Street settles, bitcoin rebounds past US$ 100,000 on news of Trump's tariff pause

And following Trump's change of mind, markets in the U.S. recovered some losses.

Wall Street opened on Monday with massive sell-offs, before mostly recovering by the end of the trading session.

Lee Seung-jae has more.

On the first day of Wall Street trading since U.S. President Donald Trump's announcement of 25 percent tariffs against Canada and Mexico, and an additional 10 percent tariff on China, major indexes saw major sell-offs.

However,.. major sell-offs slowed as Trump announced that he would put a hold on the 25 percent tariff on Mexico and Canada, in order for negotiations to take place.

By the end of Monday's trading, the S&P 500 fell just zero-point-eight percent, while the Dow lost 122 points, or zero-point-3 percent.

The tech heavy Nasdaq fell one-point-two percent.

Still,.. major tech and auto shares fell on the day, due to concerns that an intensified trade conflict due to Trump's tariffs and the response from affected countries could hamper sales.

America's largest carmaker General Motors fell as much as 7 percent during premarket trading Monday, before recovering to trade over three percent lower from its previous trading session.

Stellantis N.V. also fell nearly four percent by the end of Monday's session.

Apple, which relies heavily on Chinese labor for its production,.. also saw its share fall over three percent.

However, bitcoin which fell over the week, rebounded to above 100 thousand U.S. dollars again.

According to U.S.-based cryptocurrency exchange Coinbase as of 8 AM Korea Standard Time, the price of Bitcoin stood at over 101 thousand seven hundred U.S. dollars.

Concerns still remain for South Korea's currency market, as the greenback continues to strengthen against the won amid Trump's protectionist policies.

According to the Seoul Money Brokerage as of 2 AM Tuesday morning, the won fell 9-point-3 won against the U.S. dollar, to close at 1-thousand-462 won.

Lee Seung-jae, Arirang News.