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ASIA STOCKS: Asia Equities Fall Following Tariff Talk & Nvidia Earnings

ASIA STOCKS
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Asian equities are mostly lower today as investors reacted to Trump’s latest tariff announcements and disappointing earnings from Nvidia. Trump’s proposed 25% tariffs on the EU and delayed levies on Mexico and Canada, set for April 2, has seen volatility increase, while Nvidia’s lackluster results and warnings of tighter margins amid its Blackwell chip rollout failed to reassure markets. Equity indexes in China, Hong Kong, South Korea, Taiwan & fell, European futures slid 0.9%, and the USD strengthened, buoyed by tariff news while Bitcoin dropped to $84,000. 

  • HK & Chinese stockers are struggling today with the HSI down 1.05% and the HSTech Index down 2.50% after a tech-driven rally pushed benchmarks to multi-year highs yesterday. Major tech firms like Alibaba, Tencent, and Meituan saw declines. On the mainland, the CSI 300 and Shanghai Composite indices slipped 0.2% and 0.4%, respectively, as investors shifted focus to Chinese stocks amid U.S. tariff fears under President Trump, which raised concerns about inflation and growth.
  • Japanese equities are mixed, with the tech heavy Nikkei slipping 0.10%, while the broader TOPIX trades 0.35% higher. Consumer Staples & Healthcare stocks are the worst performing sectors
  • South Korea's KOSPI is trading -1.10% with Samsung & SK Hynix both slightly lower, with the 2.5% climb in the SOX overnight doing little to help the stocks today. Taiwan's TAIEX is -0.75% lower.
  • Australia's ASX200 is trading 0.20% higher, with consumer Staples & Material stocks leading the way today, while New Zealand NZX 50 is the top performer in Asia today, up 0.75%.
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Asian equities are mostly lower today as investors reacted to Trump’s latest tariff announcements and disappointing earnings from Nvidia. Trump’s proposed 25% tariffs on the EU and delayed levies on Mexico and Canada, set for April 2, has seen volatility increase, while Nvidia’s lackluster results and warnings of tighter margins amid its Blackwell chip rollout failed to reassure markets. Equity indexes in China, Hong Kong, South Korea, Taiwan & fell, European futures slid 0.9%, and the USD strengthened, buoyed by tariff news while Bitcoin dropped to $84,000. 

  • HK & Chinese stockers are struggling today with the HSI down 1.05% and the HSTech Index down 2.50% after a tech-driven rally pushed benchmarks to multi-year highs yesterday. Major tech firms like Alibaba, Tencent, and Meituan saw declines. On the mainland, the CSI 300 and Shanghai Composite indices slipped 0.2% and 0.4%, respectively, as investors shifted focus to Chinese stocks amid U.S. tariff fears under President Trump, which raised concerns about inflation and growth.
  • Japanese equities are mixed, with the tech heavy Nikkei slipping 0.10%, while the broader TOPIX trades 0.35% higher. Consumer Staples & Healthcare stocks are the worst performing sectors
  • South Korea's KOSPI is trading -1.10% with Samsung & SK Hynix both slightly lower, with the 2.5% climb in the SOX overnight doing little to help the stocks today. Taiwan's TAIEX is -0.75% lower.
  • Australia's ASX200 is trading 0.20% higher, with consumer Staples & Material stocks leading the way today, while New Zealand NZX 50 is the top performer in Asia today, up 0.75%.