Chinese shares led losses in Asia, with regional markets struggling to build on the risk-on momentum driven by earlier bets of less expansive tariffs in April. A widely watched gauge of Chinese technology shares in Hong Kong slumped as much as 3.8%, the most in three weeks, with Alibaba Group Holding Ltd. and Xiaomi Corp. among the biggest losers. US and European equity-index futures edged lower. Cryptocurrencies declined and Treasury 10-year yields fell 1 basis point to 4.33%. Trading in Chinese shares has been choppy in recent sessions as investors become more vigilant toward corporate developments following a world-beating rally. Global markets, gripped by anxiety about the economic impact of an all-out trade war, got relief from signs the coming wave of US tariffs is shaping up as more focused than what President Donald Trump had occasionally threatened. Beijing-based Xiaomi fell as much as 6.6% after it raised funds selling shares at a discount. The stock had more than tripled from a low in August, making it the best performer on Hong Kong’s Hang Seng Index. Alibaba slid more than 3% after its chairman warned of a potential bubble forming in datacenter construction. The moves in China contrast with Wall Street’s risk-on bid lifting shares of nearly all stripes Monday in a rebound from a sharp selloff. Trump twice signaled trading partners would receive possible exemptions or reductions. The president has touted his April 2 announcement as a “Liberation Day”, heralding the start of a more protectionist policy meant as retribution against trading partners he has long accused of “ripping off” the US. On Monday, he issued an order allowing a 25% tariff to be imposed on any nation purchasing oil and gas from Venezuela, ratcheting up his dispute with the Latin American country. Blackstone Inc. President Jon Gray warned investors against making knee-jerk decisions around Trump’s tariff moves and instead advised waiting to see how the underlying negotiations play out. China’s 30-year bond futures advanced after the country’s central bank unveiled a new method for pricing its one-year loans to banks, the latest move in policymakers’ efforts to revamp their monetary toolkit. The People’s Bank of China announced that banks will be able to bid for different prices on its one-year loans, known as the medium-term lending facility. Later Tuesday, Australia’s Treasurer Jim Chalmers is due to unveil the government budget. Economists reckon it will show an underlying cash deficit in the 12 months through June 2026 of A$40 billion ($25.1 billion), slightly better than the A$46.9 billion predicted in Treasury’s mid-year review in December. In Indonesia, the currency declined to its weakest level since the Asian Financial Crisis as fears mounted over the nation’s fiscal trajectory. In Europe, car sales fell 3.1% to from a year earlier in February, declining the most in five months as uncertainty about the economy prompted consumers to hold back on bigger purchases. Federal Reserve Bank of Atlanta President Raphael Bostic on Monday cited the impact of tariff hikes impeding progress on disinflation for why he now sees just one interest-rate cut as likely this year, rather than two. In commodities oil held gains and gold stayed steady near a record high. US After Hours DJT +4.6% higher on possible Crypto.com partnership; KBH -7.7% slides following underwhelming FebQ results, weak guidance.
Nikkei +0.46% Hang Seng -2.29% CSI -0.13% Shanghai -0.10% Shenzen -0.69%
Eur$ 1.0805 CNH 7.2676 CNY 7.2618 JPY 150.55 GBP 1.2919 CHF 0.8831 RUB 84.1756 TRY 37.9793 WTI$ 69.12 +0.01% Gold 3,016 +0.18% BTC 86,754 -1.28% ETH 2,055 -1.48%
S&P -0.17% Nasdaq -0.18% EuroStoxx -0.09% FTSE -0.34% Dax -0.08% SMI -0.19%
Macro :
- EU February Car Registrations Drop 3.4% Y/y to 0.854m Units
- China’s DeepSeek Unveils Latest Update in Race With OpenAI
Keep an eye on :
- AMD US : AMD Issues $950 Million in Unsecured Commercial Paper
- AEP US : American Electric Power to Offer $2 Billion of Shares, American Electric Power Prices Its Shares at $102 Apiece
Keep an eye on :
- AMD US : AMD Issues $950 Million in Unsecured Commercial Paper
- AEP US : American Electric Power to Offer $2 Billion of Shares, American Electric Power Prices Its Shares at $102 Apiece
- AZN LN : AstraZeneca Seeks to Move Past China Probe With Beijing R&D Hub
- BALDB SS : Balder to Distribute Its Entire Norion Bank Stake as a Dividend
- BALN SW : Baloise FY Dividend per Share Matches Estimates
- BA US : Boeing Seeks to Withdraw 737 Max Guilty Plea Deal, WSJ Says
- BAMI IM : *ITALY EXTENDS UNICREDIT-BPM REVIEW TO END OF APRIL: MESSAGGERO
- 1211HK : BYD Sales Top Tesla as Tech Focus Wins Over Chinese Drivers -->-3.5% in HK (Auto Tariff to be announecd soon by Trump
- CATL IM : Caltagirone to Adhere to Banco BPM Offer for Anima
- ATD CN : Seven & i Reiterates Couche-Tard Refused to Sign NDA (2)
- ELE SM ; Endesa Agrees to Sell EGPE Solar-2 Stake to Masdar for EU184m
- EGLA IM : Eurogroup Laminations FY Net Income Misses Estimates
- FEVR LN : Fevertree Drinks FY Revenue Meets Estimates
- HOLN SW : Holcim’s Amrize Sees 5%-8% Revenue Growth for 2025-2028 Period
- HBH GY : Hornbach Holding FY Sales Meet Estimates
- ITH LN : Japex to Sell Oil, Gas Stake in UK to Ithaca Energy for $223m
- JEN GY : Jenoptik Sees 2025 Ebitda Margin 18% to 21%, Est. 19.6%
- KRAKEN : Crypto Exchange Kraken Explores Up to $1 Billion Debt Package
- KNIN SW : Kuehne+Nagel Sees 2025 Recurring EBIT at CHF1.5B-1.75B
- MOVE SW : Medacta Sees 2025 Adjusted Ebitda Margin About 27%
- META US : New York Post: European Union to slap Meta with fine up to $1B or more for breaching strict antitrust rules: sources
- MC US : Moelis Asks Staff to Work 5 Days/Week in Office: Financial News
- NORIONSS : Balder to Distribute Its Entire Norion Bank Stake as a Dividend
- PEAN SW : Peach Property Says Talks for €300M Bond Repayment ‘Advanced’
- PIRC IM : *PIRELLI COULD ASK HOLDER SINOCHEM TO REDUCE STAKE: STAMPA
- RR/ LN : Rolls-Royce warns UK risks losing out in small nuclear reactor race
- SAN FP : Sanofi’s Tolebrutinib Accepted for Priority Review in US
- ENR GY : TPG-Led Group to Buy Siemens Gamesa Renewable at $550M EV: ET
- 4XO GY : Steyr Motors Plans at Least One Acquisition This Year for Growth
- TEG GY : TAG Immobilien FY FFO Beats Estimates
- TSLA US : Tesla Chair Denholm Ignores All Questions About Musk’s Focus
- TSLA US : Tesla’s Dismal Run in Europe Continues With 40% Drop in February
- TSLA US : *TESLA SHARES RISE 12% IN LARGEST ONE-DAY GAIN SINCE NOV. 6
- THG LN : THG Proposes Debt Refinancing With New Equity Contribution
- TLW LN : Tullow Agrees Heads of Terms for $300m Sale of Gabon Assets
- TLW LN : Tullow FY Profit After Tax Misses Estimates
- UCG IM : *ITALY EXTENDS UNICREDIT-BPM REVIEW TO END OF APRIL: MESSAGGERO