Asian stocks fell the most in three weeks as US President Donald Trump’s decision to go ahead with tariffs on Canada and Mexico and order curbs on Chinese investment damped risk appetite. Shares fell across the region with some of the biggest declines in Japan, Taiwan and Hong Kong. Treasury 10-year yields dropped three basis points to 4.4% in Asia, after gold climbed to a record Monday on demand for havens. Bitcoin, seen as a so-called “Trump trade,” slipped with other crypto currencies. Trump said tariffs scheduled to hit Canada and Mexico next month were “on time” and “moving along very rapidly” following an initial delay. Sentiment in the broader market also soured after the president told a government committee to curb Chinese spending on tech, energy and other strategic American sectors. Trump also deepened Washington’s split with its allies over Ukraine, withdrawing US condemnation of Russia’s 2022 invasion at the United Nations and among Group-of-Seven countries as he aims to end the war on terms agreeable to Moscow. Trump officials are also sketching out tougher versions of US semiconductor curbs. The declines are a test for Chinese technology shares after they rallied to a three-year high on optimism over DeepSeek and President Xi Jinping’s meeting with corporate leaders.
Trump officials recently met with their Japanese and Dutch counterparts about restricting Tokyo Electron Ltd. and ASML Holding NV engineers from maintaining semiconductor gear in China, according to people familiar with the matter. This comes after a directive set the stage for a more muscular use of the Committee on Foreign Investment in the United States, or CFIUS, a secretive panel that scrutinizes proposals by foreign entities to buy US companies or property, to thwart Chinese investment. In Japan, trading houses, including Mitsubishi Corp. and Marubeni Corp., rallied on Tuesday after Berkshire Hathaway Inc. said it was looking to increase ownership in the companies in an annual letter to shareholders dated Saturday. Elsewhere in Asia, Bank of Korea cut its seven-day repurchase rate by a quarter-percentage point to 2.75% in a widely expected move. In other markets, oil edged higher as investors assessed a fresh wave of US sanctions on Iran. Gold held near its record. Bitcoin slipped for a third day, while Ether and many of the higher profile altcoins such as Solana and Dogecoin also remained under pressure as investors turn elsewhere with the sector still reeling after its biggest-ever hack last week. US After Hours EVER +29.3% and BYON +11.4% up big on earnings; CHGG -20.1% plunges on downbeat guidance, strategic review, and complaint against Google.
Nikkei -1.28% Hang Seng -0.86% CSI -0.74% Shanghai -0.40% Shenzen -0.30%
Eur$ 1.0477 CNH 7.2593 CNY 7.2589 JPY 149.64 GBP 1.2638 CHF 0.8972 RUB 87.7501 TRY 36.4608 WTI$ 71.12 +0.50% Gold 2,939 -0.30% BTC 91,550 -2.50% ETH 2,504 -5%
S&P +0.09% Nasdaq +0.02% EuroStoxx -0.35% FTSE -0.13% Dax -0.34% SMI -0.08%
Macro :
- Thoma Bravo Closes €1.8b European Fund for Software Deals: FT
- Trump Wants Canada-to-US Keystone XL Oil Pipeline Built ‘Now’
- EU January Car Registrations Drop 2.6% Y/y to 0.831m Units
- Europe EV Sales Soar 37% as Carmakers Demand Laxer CO2 Rules
- Trump Team Seeks to Toughen Biden’s Chip Controls Over China
- Trump Team Seeks to Toughen Biden’s Chip Controls Over China
- Europe must cut electricity taxes, warn Iberdrola and EDP bosses
- Musk Seeks to Use Starlink Terminals in US Airspace System
Keep an eye on :
Keep an eye on :
- AIR FP : Japan’s ANA to Buy at Least 77 Jets From Boeing, Airbus, Embraer
- APD US : Air Products to Exit 3 US Projects, Expects Up to $3.1B Charge
- AKZA NA : Akzo Nobel Offers to Buy Indian Subsidiary Powder Coatings Ops
- ALGM US : Allegro Shares Drop as Evercore Calls CEO Transition Unexpected
- BAVA DC : Bavarian Nordic to Partner With BE on Chikungunya Vaccine
- BRK/A US : Buffett’s Bet Sparks Surge in Japan Trading House Shares
- BP/ LN : BP to abandon pledge to cut oil and gas output as boss fights for group’s survival
- BVI FP : Bureau Veritas FY Adjusted Operating Margin Matches Estimates
- CPRI US : Diesel’s Renzo Rosso Says Potentially Interested in Versace: MF
- CAVA US : Cava to Grow Despite DOGE Thinning DC Lunch Crowd: Preview
- CMO SM : Cemex Is Said to Explore Sale of Colombian Cement Business
- CWC GY : Cewe Stiftung Prelim 4Q Ebit EU80.6M
- CLARI FP : Clariane Sees 2025 Organic Revenue About +5%
- CAKE US : Cheesecake Factory Said to Offer 2%-2.5% Coupon on Convertibles
- CRDA LN : Croda FY Adjusted Operating Profit Meets Estimates
- DOKA SW : Dormakaba 1H Net Sales Match Estimates; Names New CFO
- DND CN : Dye & Durham Said to Receive Take-Private Offer From Plantro
- EDP PL : Europe must cut electricity taxes, warn Iberdrola and EDP bosses
- EFGN SW : EFG International Sells Synthetic Life Insurance Portfolio
- ELUXB SS : Electrolux to Keep Business in Egypt; Plans for Growth
- ERICB SS : Airtel Expands Ericsson Partnership for 5G Network Solutions
- FEHIX US : Genstar Is Said in Talks to Buy First Eagle for Over $4 Billion
- FTK GY : flatexDEGIRO Prelim FY Revenue EU480M
- FME GY : Fresenius Medical Care 4Q Revenue Beats Estimates
- GALP PL : Galp Says Successfully Drilled Mopane-3X Well Offshore Namibia
- G IM : Prima Assicurazioni Hires Goldman to Weigh Options: Sole
- HABA GY : Hamborner REIT FY FFO/Share Beats Estimates
- HEI GY : Heidelberg Materials Sees 2025 RCO EU3.25B to EU3.55B
- IBE SM : Europe must cut electricity taxes, warn Iberdrola and EDP bosses
- KVUE US : *KENVUE FILES MIXED SECURITIES SHELF
- MSTR US : Strategy’s Latest Convertible Bond Spurs Talk of Crypto Fatigue
- MSTR US : Cantor Wagering $1 Billion on Saylor Among Bitcoin 13F Surprises
- NewCleo (Private / UK) : Abu Dhabi’s ENEC Eyes Investment in Nuclear Specialist Newcleo
- PSPN SW : PSP Swiss FY Adjusted Ebitda Beats Estimates
- Prima Assic : Prima Assicurazioni Hires Goldman to Weigh Options: Sole
- RHM GY : Watch European Defense Stocks as Germany Discusses Spending Plan
- RIO LN : Palliser Asks Rio Board to Put Forward Dual-listing Resolution
- RIO LN : Palliser Asks Rio Board to Put Forward Dual-listing Resolution
- ROVI SM : Rovi FY Ebitda Misses Estimates; Sees Op. Revenue Decrease
- SAN FP : Sanofi’s Sarclisa Approved in Japan for Multiple Myeloma
- SIGN SW : SIG Group Sees 2025 Adjusted Ebitda Margin 24.5% to 25.5%
- SN/ LN : Smith & Nephew FY Operating Profit Misses Estimates
- SOLV US : Thermo Fisher Nears Deal for Solventum Filtration Unit -- WSJ
- SONO US : Sonos Approves Up to $150m Buyback as CCO Resigns
- SpaceX : SpaceX Key Engineer Is Leaving Musk’s Team After Mobile Kickoff
- Space X : Musk Seeks to Use Starlink Terminals in US Airspace System
- SPSN SW : Swiss Prime Dips After Offering Shares Worth Up to CHF300M
- TEF SM : Telefonica Unit Sells Stake in Argentina for $1.245b
- TELIA SS : Telia Agrees to Divest TV & Media Business to Schibsted Media
- TSLA US : Tesla Sales Fall 45% in Europe as Rivals’ EV Registrations Soar
- TSLA US : Tesla to Launch City Navigation Features in China
- TCOM US : Trip.com 4Q Revenue Beats Estimate on Travel Demand: Analysts
- UNO GY : Uniper to Pay Back €2.6b to German Government in 1Q
- VLA FP : Bavarian Nordic to Partner With BE on Chikungunya Vaccine