27/02/2025 Daily Reports
Asian Markets Slide Amid Tariff Uncertainty and Tepid Nvidia Earnings
- Asian equities declined on Thursday as investors grappled with mixed signals from US President Donald Trump’s tariff announcements and disappointing quarterly results from Nvidia.
- Trump’s plans to impose 25% tariffs on the EU and activate tariffs on Canada and Mexico sparked confusion, triggering selloffs in key tech stocks across mainland China and Hong Kong.
- Meanwhile, Nvidia’s earnings, which hinted at tighter profit margins amid its new Blackwell chip rollout, failed to deliver the expected boost for the sector.
- The uncertainty contributed to a rise in the dollar and a slight slip in Treasury yields, leaving market participants cautious about the near-term outlook on global trade, inflation, and the broader impact on the artificial intelligence industry.
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