Asian stocks displayed mixed performance on Wednesday, with Chinese equities declining amid heightened U.S.-China trade tensions. Meanwhile, investors assessed stronger-than-expected inflation data from South Korea and the Philippines.
\ud83d\udd39 Shanghai Composite fell 0.4%, while the CSI 300 index dropped 0.3%.
\ud83d\udd39 Hong Kong’s Hang Seng Index saw a 1% decline.
\ud83d\udd39 The declines came after China resumed trade post-Lunar New Year holidays.
The renewed U.S.-China trade war has put pressure on financial markets:
\u2705 U.S. Tariffs: A fresh 10% tariff imposed by Trump on Chinese imports.
\u2705 China’s Response: Retaliatory tariffs on U.S. coal, LNG, crude oil, farm equipment, and vehicles (effective Feb 10, 2025).
\u2705 Market Uncertainty: No immediate signs of resolution, as Trump signals no rush to engage in talks with Chinese President Xi Jinping.
\ud83d\udccc Japan’s Nikkei 225 & TOPIX – Largely flat, reflecting investor caution.
\ud83d\udccc Australia’s S&P/ASX 200 – Up 0.6%, bucking the regional trend.
\ud83d\udccc Indonesia’s JCI – Down 0.5%, mirroring broader regional weakness.
\ud83d\udccc India’s Nifty 50 futures – Indicating a marginal drop at open.
\ud83d\udd3b Nasdaq 100 futures slipped as Alphabet (NASDAQ: GOOGL) missed earnings estimates, adding pressure on global tech stocks.
\ud83d\udcca Sector Historical API – Analyze the performance of Asian stock sectors during trade war escalations.
\ud83d\udcca Forex Daily API – Track currency fluctuations amid rising geopolitical risks.
With escalating trade tensions and inflation surprises, Asian markets are set for a volatile 2025.
Read More