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CROSS ASSET: Tech Questions & Tariff Worry Weigh On Stocks, Support USD & FI

CROSS ASSET

Equities continue to trade heavily while core global FI markets and the USD are bid.

  • Two key factors drove price action in Asia:
  • Heightened tariff worry, with Colombia agreeing to receive deported Colombian immigrants from the U.S. after President Trump made tariff threats towards the country.
  • Chinese tech startup DeepSeek driving questions surrounding U.S. tech dominance. The NASDAQ 100 e-mini future is ~2.4% lower at typing.
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Equities continue to trade heavily while core global FI markets and the USD are bid.

  • Two key factors drove price action in Asia:
  • Heightened tariff worry, with Colombia agreeing to receive deported Colombian immigrants from the U.S. after President Trump made tariff threats towards the country.
  • Chinese tech startup DeepSeek driving questions surrounding U.S. tech dominance. The NASDAQ 100 e-mini future is ~2.4% lower at typing.