Page 8 - Asian Stocks

Fidelity, Goldman Sachs find tariff haven in Asian consumer stocks

Strategists at Goldman Sachs Group Inc. and Morgan Stanley recommended Asian consumer staples in reports released after the April 2 tariff barrage, urging investors to turn defensive

Asian shares mark moderate gains amid concerns over Trump's trade war

Asian shares mostly rose Thursday, despite the continued fretting over President Donald Trump's trade war, with all eyes on negotiations that just began between the administration and Japan. Japan's benchmark Nikkei 225 gained 0.7% to 34,142.86 in morning trading. Honda stock price jumped 1.7% after the Japanese automaker said it plans to move its production of the five-door Civic hybrid electric vehicles for the US market from Japan to the company's plant in Indiana. Honda Motor Co didn't say the move was in response to Trump's tariff policies but stressed it moves production to where there is demand. Production of the U.S.-bound five-door Civic HEV began at the Yorii plant outside Tokyo in February. So far 3,000 vehicles have been produced there for the US market. Trump joined Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick in the talks with the Japanese delegation in Washington. Hopefully something can be worked out which is good (GREAT!) for Japan and the

Asian shares fall as Nvidia, tech firms hit by US controls on AI chips

World shares were mostly lower on Wednesday as Nvidia and other technology companies were walloped by tighter US controls on exports of advanced computer chips used for artificial intelligence. The future for the S and P 500 skidded 1.2 per cent while that for the Dow Jones Industrial Average lost 0.6 per cent. Chip maker Nvidia's shares fell 6.3 per cent in after-hours trading after it said the US had imposed stricter controls on its exports of one of its computer chips designed for use in artificial intelligence. Rival chip maker AMD's shares dropped 7.1 per cent after US markets closed. Trade war concerns also were revived by a Trump administration announcement of an investigation into imports of critical minerals such as rare earths, which are used in smart phones, electric vehicles and many other products. In early European trading, Britain's FTSE 100 lost 0.2 per cent to 8,233.10 after the government said inflation in the UK fell for the second month running in March largely

Asia shares rise on auto gains, bonds hold steady on some tariff reprieve

Trump said on Monday he was considering a modification to the 25 per cent tariffs imposed on foreign auto and auto parts imports from Mexico, Canada and other places

Asian shares sink as China-US trade war escalates; Nikkei dives 5.6%

Asian shares sank Friday after US stocks reversed much of their historic gains from the day before. The deepening worries over President Donald Trump's trade war initially helped pull Japan's Nikkei 225 share index down 5.6%. By mid-morning in Tokyo, it was down 4.7% at 32,969.95. The yen surged against the US dollar, which also lost value against the euro. One dollar bought 143.48 Japanese yen, down from about 146 yen a day earlier. The euro rose to $1.1305 from $1.1195. South Korea's Kospi fell 1.6% to 2,400.34, while in Australia, the S&P/ASX 200 shed 2.1% to 7,552.10. On Thursday, the S&P 500 tumbled 3.5%, slicing into Wednesday's surge of 9.5% following Trump's decision to pause many of his tariffs worldwide. The Dow Jones Industrial Average dropped 1,014 points, or 2.5%, and the Nasdaq composite tumbled 4.3%. But China announced more countermeasures against the United States and losses for US stocks accelerated after the White House clarified that the United States will .

Asian shares surge as Trump pauses tariffs, boosting US market to record

Asian shares surged in early Thursday trading, with Japan's benchmark jumping more than 2,000 point almost immediately after the Tokyo exchange opened, as investors welcomed President Donald Trump's decision to back off on most of his tariffs. Analysts had expected the regional comeback given that US stocks had one of its best days in history on a euphoric Wall Street Wednesday, where investor hopes had run high that Trump would tone down the tariffs. Japan's benchmark Nikkei 225 jumped 8.8% in morning trading to 34,510.86, zooming upward as soon as trading began. Australia's S&P/ASX 200 soared 5.1% to 7,748.00. South Korea's Kospi gained 5.2% to 2,412.80. Hong Kong and Shanghai markets were set to open soon. The Hang Seng index has fallen considerably in the last five days, and could be set for a rebound like the other regional indexes. Stephen Innes, managing partner at SPI Asset Management, called the reaction from fear to euphoria. It's now a manageable risk, especially as ...

Asian shares deepen losses after Wall St fall, tariffs due to take effect

Asian shares sank again on Wednesday as the latest set of US tariffs, including a massive 104 per cent levy on Chinese imports, was due to take effect. Japan's Nikkei 225 index initially lost nearly 4 per cent and markets in South Korea, New Zealand and Australia also declined. On Tuesday, the S&P 500 dropped 1.6% after wiping out an early gain of 4.1%. That took it nearly 19% below its record set in February. The Dow Jones Industrial Average dropped 0.8%, while the Nasdaq composite lost 2.1%. Uncertainty is still high about what President Donald Trump will do with his trade war. The sharply higher tariffs were scheduled to kick in after midnight Eastern time in the US, and investors have no idea what to make of President Donald Trump's trade war. The retreat overnight and into early Wednesday in Asia followed rallies for stocks globally earlier in the day, with indexes up 6 per cent in Tokyo, 2.5 per cent in Paris and 1.6 per cent in Shanghai. The Nikkei 225 in Tokyo fell more ..

Japan's Nikkei sinks to 18-month low as tariff fears trigger market fall

Asian shares nosedived on Monday after the meltdown Friday on Wall Street over US President Donald Trump's tariff hikes and the backlash from Beijing. US futures also signaled further weakness. The future for the S&P 500 lost 4.2% while that for the Dow Jones Industrial Average shed 3.5%. The future for the Nasdaq lost 5.3%. Tokyo's Nikkei 225 index lost nearly 8% shortly after the market opened and Australia's S&P/ASX 200 tumbled more than 6%. South Korea's Kospi lost 4.4%. Oil prices sank further, with US benchmark crude down 4%, or $2.50, at $59.49 per barrel. Brent crude, the international standard, gave up $2.25 to $63.33 a barrel. On Friday, Wall Street's worst crisis since COVID slammed into a higher gear. The S&P 500 plummeted 6% and the Dow plunged 5.5%. The Nasdaq composite dropped 5.8%. The losses came after China matched President Donald Trump's big raise in tariffs announced last week, upping the stakes in a trade war that could end with a recession that hurts

Asian stocks slid after Wall Street surrendered to hit by Trump's tariffs

Asian markets retreated Friday after Wall Street shuddered with a level of shock unseen since the COVID-19 impact tore on Trump's latest set of tariffs' damage on the world's economy. Futures for U.S. stocks and the oil prices declined. Tokyo's Nikkei 225 lost 2.6% to 33,818.18, and Korea's Kospi fell 0.8% to 2,467.14 after the two countries pivoted to negotiating lower tariffs with Trump's administration. Australia's S&P/ASX 200 dropped 1.9% to 7,713.60. Chinese markets were closed for a holiday. Trump announced a minimum tariff of 10% on imports, with the tax rate running much higher on products from certain countries like China and those from the European Union. It's plausible the tariffs altogether, which would rival levels unseen in roughly a century, could knock down US economic growth by 2 percentage points this year and raise inflation close to 5%, according to UBS. Such a hit would be so big that it makes one's rational mind regard the possibility of them sticking as low,

Asian markets slip following Trump's 'reciprocal' tariffs announcement

Asian markets and US futures tumbled Thursday following US President Donald Trump's announcement of big increases in tariffs on imports of goods from around the world. Tokyo's Nikkei 225 index dipped more than 3.4 per cent, but recovered slightly. It was down 2.9 per cent at 34,699.52. Trump said he was imposing a 24 per cent reciprocal tariff on Japan, one of the United States' closest allies. South Korea, also an ally, was hit with a 25 per cent tariff. Its benchmark Kospi slumped 1.9 per cent soon after the opening, to 2,459.30. In Australia, the S&P/ASX 200 fell 1.8 per cent to 7,793.10. The future for the S&P 500 dropped 3% while that for the Dow Jones Industrial Average lost 2 per cent, auguring potential losses when US markets reopen on Thursday. On Wednesday, US stocks whipped through another dizzying day before Trump's unveiling of his Liberation Day tariffs. The S&P 500 rose 0.7 per cent to 5,670.97 after careening between an earlier loss of 1.1 per cent and a ...

Asian stocks rise as easing tariff outlook boosts risk appetite; dollar up

Trump said on Monday automobile tariffs are coming soon even as he indicated that not all of his threatened levies would be imposed on April 2 and some countries may get breaks

Asian stocks muted, gold near record as BOJ holds rates, yen steadies

Rising odds of the Japanese central bank raising interest rates have helped push the yen 5 per cent higher against the dollar

Asian shares fall despite Wall St rebound as investors eye trade war moves

Asian shares were mostly lower on Thursday despite a rebound on Wall Street fuelled by an encouraging update on US consumer prices. US futures fell and oil prices were little changed. Chinese markets slipped as investors watched for the next steps in President Donald Trump's trade war. Hong Kong's Hang Seng index shed 0.7% to 23,426.80, while the Shanghai Composite index lost 0.4% to 3,357.02. Tokyo's Nikkei 225 gained 0.5% to 37,014.82. South Korea's Kospi edged 0.1% lower, to 2,573.05. In Australia, the S&P/ASX 200 lost 0.4% to 7,756.10. Taiwan's Taiex shed 0.4% and the Sensex in India edged 0.1% higher. Bangkok's SET slipped 0.1%. On Wednesday, the S&P 500 gained 0.5% to 5,599.30 after skidding between an early gain of 1.3% and a later loss. The unsettled trading came a day after the index briefly fell more than 10% below its all-time high set last month. The Dow Jones Industrial Average also pinballed sharply before ending with a loss of 0.2% at 41,350.93. The Nasdaq ...

Asian shares slide as market selloff deepens on US economic growth worries

In Asia, it was a sea of red with Japan's Nikkei and Taiwan stocks sliding about 3 per cent, hitting their lowest level since September

Asian shares fall for third consecutive session, tracking US losses

Equity-index futures for the S&P 500 and the tech-heavy Nasdaq 100 slipped in early Asian trading, extending a decline on Monday as Wall Street tempered bullish views

Emerging Asian currencies dip with stocks as investors avoid risk

Risk aversion picked up across financial markets on Monday, with investors buying gold, the yen and the Swiss franc due to concerns the period of US economic strength may be ending

Markets rally on firm Asian shares, buying in power, utility stocks

Equity benchmark indices Sensex and Nifty rallied in early trade on Monday, tracking firm trends in Asian markets and buying in power and utilities shares. The 30-share BSE Sensex climbed 324.67 points or 0.44 per cent to 74,657.25 in the morning trade. On the similar lines, the Nifty of NSE rose 98.45 points or 0.44 per cent to 22,650.95. From the Sensex pack, Power Grid, Bajaj Finance, Bajaj Finserv, NTPC, Hindustan Unilever, Adani Ports, Bharti Airtel, Nestle India, HCL Technologies and Infosys were among the gainers. On the other hand, IndusInd Bank, Mahindra & Mahindra, Zomato, Titan, Larsen & Toubro and Maruti Suzuki India were the laggards. Devarsh Vakil, Head of Prime Research, HDFC Securities, said, "Market volatility persisted amid uncertainty over President Trump's announced tariffs -- 25 per cent on Canadian and Mexican imports and an additional 10 per cent on Chinese imports-- though the administration later announced various exemptions and delays." In Asian ...

Asian shares slip as investors brace for uncertainty, await US jobs report

Asian shares were mostly lower on Friday, with Tokyo's benchmark down more than 2% after a sell-off on Wall Street. US futures and oil prices were higher. Bitcoin was trading near $88,266, down 3.4% according to CoinDesk, after President Donald Trump signed an executive order Thursday establishing a government reserve of bitcoin, a key marker in the cryptocurrency's journey towards possible mainstream acceptance. China reported lower than expected exports and imports for January-February, with exports growing just 2.3% and imports sinking 8.4%, the government said. China's trade data for the first two months of the year are usually combined to make up for distortions from Lunar New Year holidays. US stocks fell after President Donald Trump offered another temporary reprieve from his 25% tariffs on many goods imported from Mexico and Canada, underscoring the uncertainty the tariffs have created for the global economy. Investors showed little enthusiasm, unlike the bounce stocks got

Asian shares rebound as investors cheer Trump's pullback on some tariffs

Asian shares were mostly higher Thursday, tracking a rebound on Wall Street after President Donald Trump pulled back on some of his tariffs hikes. US futures were little changed, while benchmarks surged in Japan and China. Trump's decision to give a one-month exemption for US automakers on his 25% tariffs for Mexican and Canadian imports raised hopes he may avoid a worst-case trade war that grinds down economies and sends inflation higher. Tokyo's Nikkei 225 index gained 0.8% to 37,704.93. Japanese automakers' shares surged in US trading, though Toyota Motor Corp's shares fell back in Tokyo trading. losing 1%. Honda Motor Corp. gained 2% and Nissan Motor Co. rose 1.1%. Hong Kong's Hang Seng index jumped 3.3% to 24,362.68 following Chinese government reports to the annual legislative session that showed a greater resolve by Beijing to boost consumer spending and other domestic demand. The Shanghai Composite index advanced 1.2% to 3,381.10. South Korea's Kospi jumped 0.7% to 2,576.

Asian share markets in tense wait for US tariff news; bitcoin surges

Bitcoin, the world's largest cryptocurrency by market value, shot up more than 11 per cent to $94,110, while ether, the second-largest cryptocurrency, climbed 14 per cent to $2,528