Asian equities advanced Friday as markets reacted positively to signs reciprocal US tariffs may be weeks from coming into effect, raising the prospect for negotiations that could make them less punitive. A benchmark of Asian shares gained for a third day, while US equity index futures also ticked higher. That was after the S&P 500 climbed toward a record on Thursday, helping propel a measure of global shares to an all-time high. Contracts for European futures traded lower. The South Korean won and the yen strengthened, while a gauge of the dollar held near a two-month low. The support for equities suggests investors have focused on speculation the talks may blunt the impact of the tariffs, echoing the response to delays on those leveled at Canada and Mexico earlier this month. The Bloomberg Dollar Spot Index has dropped about 2.5% from February’s high as investors wind back bets that Trump is determined to ramp up global tariffs as part of his “America First” policy. The work required to propose reciprocal tariffs will occur on a country-by-country basis and could take until April to complete, said Howard Lutnick, Trump’s nominee to lead the Commerce Department. The comments followed news that Trump had ordered his administration to consider reciprocal tariffs on numerous trading partners, singling out Japan and South Korea as nations that he believes are taking advantage of the US. As much as 92% of 153 respondents to a Bloomberg survey expect US tariffs of some sort to be implemented within six months. More than half of the participants expect the US to place tariffs on at least some economies and over a third expect universal levies to be enacted as well. An index of the dollar was little changed Friday after its biggest drop in three weeks in the prior session. Growing speculation that new tariffs are a negotiating tool is undermining the popular trade of betting on the dollar. Treasuries were little changed in Asian trading after a rally in the prior session. In Asia, Chinese stocks in Hong Kong extended a recent rally as the nation’s growing capabilities in artificial intelligence boosted optimism over the market’s outlook. The Hang Seng China Enterprises Index jumped as much as 2.9% on Friday, getting closer to topping an October peak following a stimulus blitz. Apple Inc. is working to bring its AI features to China by the middle of this year. Jefferies Financial Group Inc. warned retail funds flowing into the India’s equity mutual funds is at risk of abating as market returns decline. The ongoing decline in Indian shares has erased more than $600 billion in market value since hitting a peak in late September. The benchmark BSE Sensex index fell for the eighth straight session. Trump and Indian Prime Minister Narendra Modi agreed to begin negotiations to address the US trade deficit, with US president seeking to reduce import taxes and Modi focused on growing overall trade between the countries. Gold fluctuated, still trading near a record high. The precious metal has gained this year, powered by haven demand, setting successive records with potential to line up a test of $3,000 an ounce. Elsewhere in commodities, oil steadied as the market digested the fallout from Trump’s order of potential reciprocal tariffs on US trading partners. US After Hours ABNB +14.6%, PCOR +11.9%, ROKU +11.6%, DKNG +7%, YELP +3.1% higher on earnings; INFA -32.7%, TWLO -6%, PANW -5%, AMAT -4.6% lower on earnings.
Nikkei -0.80% Hang Seng +2.75% CSI +0.86% Shanghai +0.41% Shenzen +0.75%
Eur$ 1.0459 CNH 7.2782 CNY 7.2784 JPY 152.54 GBP 1.2561 CHF 0.9039 RUB 89.1855 TRY 36.2022 WTI$ 71.33 +0.20% Gold 2,934 +0.20% BTC 96,670 +0.120% ETH 2,694 +0.99%
S&P +0.09% Nasdaq +0.08% EuroStoxx -0.31% FTSE -0.02% Dax -0.51% SMI -0.14%
Macro :
- RFK Jr. Has Enough Votes to Be Confirmed as HHS Secretary
- Germany Says Europe ‘Promised’ to Remedy Gas Storage Squeeze
- Taiwan’s President to Hold Meeting on US Tariffs Friday: Reuters
- Trump Floats Auto Tariffs Targeting $240 Billion Trade Spigot
- Goldman Raises Stoxx 600 Price Targets on Ceasefire Potential
Keep an eye on :
Keep an eye on :
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- AKER NO : Aker FY Dividend per Share NOK26.50
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- AAPL US : Apple Plans to Overhaul China iPhones With AI by Middle of Year
- AAPL US :
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- ETL FP : Eutelsat 1H Revenue Meets Estimates
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- HUH1V FH : Huhtamaki 4Q Adjusted Ebit Beats Estimates, Huhtamaki FY Dividend per Share Matches Estimates
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- MMB FP : Lagardere FY Recurring Ebit Beats Estimates
- MOBN SW : Mobimo FY Ebit Meets Estimates
- MONC IM : Moncler 4Q Revenue Beats Estimates
- NWG LN : NatWest 4Q Pretax Operating Profit Beats Estimates
- NVG PL : Navigator Co FY Net Income EU286.9M Vs. EU274.9M Y/y
- NHY NO : Norsk Hydro 4Q Adjusted Ebitda Misses Estimates
- NOVN SW : Novartis Granted FDA Orphan Drug Status for Ianalumab
- NUS US :
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- CFR SW : Richemont Reshuffles Senior Executive Committee
- SAF FP : Safran Boosts 2025 Adj. Recurring Oper Income View, Misses Est.
- SAN SM : Santander Explored Sale of UK Business With NatWest: FT
- SGRO LN : Segro FY Adjusted EPS Misses Estimates
- Shein IPO : Shein IPO Likely Pushed to 2H After US Targets China Trade: FT
- TIETO FH : TietoEVRY FY Dividend per Share Beats Estimates
- TOM NO : Tomra FY Dividend per Share NOK2.15
- TTE FP : BPCL Signs One-Yr Deal With TotalEnergies for Middle East Crude
- X US : US Steel Shares Drop as Trump Says He Doesn’t Want Japan Deal
- X US : Nippon Steel to Maintain Plan to Buy US Steel, TV Tokyo Says
- UMI BB : Umicore 2H Adjusted Ebit Beats Estimates
- UNI IM : Unipol Assicurazioni SpA FY Dividend per Share Beats Estimates
- UTDI GY : United Internet Prelim FY Ebitda EU1.29B,Citing Higher Expenses
- DG FP : Vinci Names CEOs for Its Highways and Airports Divisions
- VOLVB SS : Volvo to Step Up Production in Gent to Meet Demand, DI Reports
- WEHB BB : Wereldhave Belgium: Acquisition Shopping Center Knauf Pommerloch
- XPS LN : XPS Pensions Sees Earnings Materially Ahead of Expectations