Asian equities declined Thursday as investors parsed the latest tariff announcements from US President Donald Trump and earnings from Nvidia Corp. failed to impress market participants. Equity gauges in China, Hong Kong and South Korea fell while 10-year Treasury yields inched higher. European equity index futures declined as much as 0.9% after Trump said that his administration would impose tariffs of 25% on the European Union. The president also said that previously announced levies on Mexico and Canada would come into force on April 2. Trump’s comments were at times contradictory and sowing confusion as the tariffs on US neighbors were to take effect from next month. Nvidia shares fell in after-hours trading as the chipmaker delivered good-but-not-great quarterly numbers, leaving investors — who have become accustomed to blowout results — disappointed. The barrage of tariff news ricocheted through currency markets, lifting the dollar and stemming a selloff in the Canadian dollar and Mexican peso Wednesday. Get the Markets Daily newsletter to learn what’s moving stocks, bonds, currencies and commodities. New research suggests Trump’s latest tariffs on imports from China may hit the American economy more than official US trade data indicate. Treasuries slipped. They had rallied on Wednesday, sending the US 10-year yield to its lowest level since the middle of December. A gauge of the dollar rose for a second day. Australian yields fell. Bitcoin fell to around $84,000, more than a fifth lower than its peak last month, as outflows from exchanged-traded funds amplified selling. Oil steadied near the lowest close this year, while gold fell. In Asia, the yen traded around 149 per dollar after ending Wednesday’s session little changed. Japan’s top currency official on Wednesday indicated he had no issue with growing market expectations over Bank of Japan interest-rate hikes, which this week helped send the yen to a four-month high. Nvidia also warned that gross profit margins would be tighter than anticipated as it rushes to roll out a new chip design called Blackwell. And there’s the risk of US tariffs weighing on results. The mixed outlook comes at a shaky time for the AI industry. Nvidia shares have dipped this year on concerns that data center operators will slow spending. Chinese startup DeepSeek also has sparked fears that chatbots can be developed on the cheap, potentially reducing the need for Nvidia’s powerful chips for AI. “Before the launch of DeepSeek, the expectation was that China’s AI was sort of well behind US AI,” said Edward Chan, senior investment analyst at Mirae Asset Global Investments. “The key implication is that China software companies, internet companies, all these tech companies now have access to a very competitive model where they could start build out their tech stack and build out all kinds of applications. So I think that’s really a big change for the whole China tech industry.” US After Hours ROOT +16.5%, NTNX +15.3%, AMBA +10.5%, SNOW +9.8%, LZ +9%, RSI +8.7% higher on earnings; IBTA -37.5%, TNDM -16.9%, TDOC -15.4%, AAOI -10%, SG -9.7%, EBAY -8.9% lower on earnings.
Nikkei -0.13% Hang Seng -1.06% CSI -0.23% Shanghai -0.41% Shenzen -0.92%
Eur$ 1.0462 CNH 7.2745 CNY 7.2691 JPY 149.15 GBP 1.2655 CHF 0.8967 RUB 85.75 TRY 36.46 WTI$ 68.73 +0.16% Gold 2.895 -0.69% BTC 85,100 +0.80% ETH 2312 -1;10%
S&P +0.4% Nasdaq -0.09% EuroStoxx -0.61% FTSE -0.27% Dax -0.80% SMI
Macro :
- YouTube Star MrBeast Is Raising Money at a $5 Billion Valuation
- Bitcoin on Edge as Momentum Builds for Further Sales
- Activist Starboard Said to Trail Peers With Less Than 5% Returns
- CSRC to Tighten Controls on US Listings for Small China Cos: FT
Keep an eye on :
Keep an eye on :
- AC FP : Marriott Vacations 2025 Adjusted EPS Forecast Misses Estimates
- AF FP : Air France-KLM CEO Heads to Portugal as TAP Battle Heats Up
- AMBA US : Ambarella 1Q Revenue Forecast Beats Estimates
- AMG NA : AMG Sees 2025 Ebitda at Least $150M
- AMG NA : AMG Sees 2025 Ebitda at Least $150M
- BNB SW / Bachem FY Ebitda Beats Estimates
- BCP PL :
- BCP PL : BCP Does Not Need to Acquire Novo Banco, CEO Maya Says
- BYND US : Beyond Meat 2025 Net Rev. Forecast Misses Est., to Cut Jobs
- BIO GY : Biotest Prelim 2024 Rev. €726.2m, Exceeds Growth Forecast
- BOSN SW : Bossard FY Ebit Beats Estimates
- BP/ LN : BP’s Reset Finds Lukewarm Response as Shares Erase Elliott Gains
- BYS SW : Bystronic FY Net Sales Miss Estimates
- CLN SW : Clariant Says TotalEnergies Alleges Damages on Ethylene Sale
- CBK GY : ECB poised to approve UniCredit's investment in Commerzbank, source says https://t.co/TuIEtac3x7
- EDP PL : EDP SA FY Ebitda Misses Estimates; Plans Stock Buyback (1)
- EDP PL : EDP to Cut Annual Average Investment in 2025-26 by 22% to €4.4b
- EDP PL : EDP to Opt to Receive EDPR Shares Under Scrip Dividend Program
- EDPR PL : EDP Renovaveis FY Ebitda Misses Estimates (1)
- EDPR PL : EDPR to Moderate Investment Pace to 3.5GW of Capacity in 2025-26
- FGR FP : Eiffage FY Adjusted Operating Income Beats Estimates
- EKTAB SS : Elekta Says CEO Salford to Leave; Names Bolander as Interim Head
- ENI IM : Eni Plans to Boost Gas, LNG Output to Reach Carbon Neutrality
- EXO NA : Ferrari Holder Exor Offers 4% Stake in Luxury Carmaker, Ferrari Falls as Major Shareholder Exor to Sell 7M Shares
- EXO NA : Agnellis to Sell €3 Billion Ferrari Stake, to Keep Control (1)
- RACE IM : Ferrari to Repurchase Up to 10% of Exor Offering Up to EUR300M
- FER SM : French PE Firm Ardian Raises Stake in London’s Heathrow Airport
- FNAC FP : Fnac Darty FY Current Operating Income Meets Estimates
- HHH US : Howard Hughes 4Q Revenue Beats Estimates
- IDR SM : Indra FY Net Income Beats Estimates
- IPS FP : Ipsos FY Revenue Meets Estimates
- JBH LN : Keurig Dr Pepper Holder JAB Holdings Offers 73m Shares
- KDP US : Keurig Dr Pepper Holder JAB Holdings Offers 73m Shares
- SKB GY : Koenig & Bauer 2025 Revenue Forecast Misses Estimates
- LDO IM : Saudi PIF in Talks to Invest in Leonardo’s Aerostructures Unit
- FII FP : LISI FY Revenue Meets Estimates
- LLOY LN : Lloyds Bank overstated interest-bearing deposits to BoE by £44bn
- MRNA US : Trump Team Weighs Pulling Funds for Moderna Bird Flu Vaccine
- EGP PL : Mota-Engil FY Net Income EU123M Vs. EU113M Y/y
- 7201 JP : Nissan Prepares to Replace CEO After Honda Deal Falls Apart
- NOS PL : NOS FY Net Income Beats Estimates
- NOS PL : Portugal’s NOS to Propose Ordinary Dividend of €0.35/Share
- NVDA US : Nvidia Sees 1Q Revenue $43b, +/-2%; Est. $42.26b: Snapshot
- PIRC IM : Pirelli 4Q Revenue Beats Estimates, Pirelli Evaluates ‘Material Investment’ in US to Grow Capacity
- RR/ LN : Rolls Royce Union Agrees to Tentative Deal, Averts Strike: UAW
- CRM US : Salesforce Falls After Full-Year Outlook Disappoints (1)
- SDRL US : Seadrill 4Q Adjusted Ebitda Misses Estimates
- SK FP : SEB FY Net Income Misses Estimates
- SESG FP : Appaloosa Asks SES to Change Share Capital And Board Structure
- SPCE US : Virgin Galactic Plans Flight on New Spacecraft in Mid-2026
- SUN SW : Sulzer FY Net Income CHF265.4M Vs. CHF230.5M Y/y
- TIT IM : Telecom Italia May Postpone Its AGM to as Late as End of June
- TTE FP : Clariant Says TotalEnergies Alleges Damages on Ethylene Sale
- ULVR LN : Ben & Jerry’s Founders Discuss Buying Back Brand From Unilever
- VZ US : FAA Weighs Canceling Verizon Deal Amid Starlink Terminal Tests
- VU FP : VusionGroup 2025 Sales Forecast Beats Estimates
- MF FP : Wendel FY Net Income Beats Estimates