Asian equities dropped after President Donald Trump imposed a 25% tariff on US auto imports, prompting investors to pare bets on riskier investments due to concerns about growth in the world’s largest economy. Shares of automakers slid. A benchmark of regional shares fell while stocks in Hong Kong gained. Equity-index futures pointed to a steady open for US stocks while contracts for Europe indicated stocks may be under pressure. The Mexican peso slipped on the tariff announcement along with shares of automakers such as Toyota Motor Corp., General Motors Co. and Ford Motor Co. Trump floated more tariffs on the EU and Canada if they worked against the US. The quickly shifting stance on US trade sanctions on the nation’s allies and foes alike adds to already heightened market concerns as investors race to assess the impact on global trade and economic growth. Two months into Trump’s presidency, the mood in the market has turned wary as investors temper their bullish views and the Federal Reserve signals it’s in no rush to adjust its interest-rate policy. Trump signed an order to slap a 25% tariff on all cars not made in the US. His proclamation, released later Wednesday, specified automobile tariffs would be collected starting just after midnight, at 12:01 a.m. Washington time April 3. Reciprocal duties that are set to be announced next week will be “very lenient,” he said. China may also get a tariff reduction to secure a deal on the sale of ByteDance Ltd.’s social video platform TikTok to an American company, Trump added. The dollar fell against all Group-of-10 currencies as Trump downplayed reciprocal tariffs, while the yield on 10-year Treasuries edged lower in Asian trading, reversing moves in the prior session. Trump “could be recognizing that his trade policies might be having a ricocheting effect on the US consumers and business owners,” said Fiona Lim, a senior strategist at Malayan Banking Bhd in Singapore. “That makes US dollar gains susceptible to reversal.” In a Truth Social post, Trump later wrote that he would place more tariffs on EU and Canada if they worked against the US. Meanwhile, profits at China’s industrial firms contracted at the start of 2025, flashing a worrying sign for the economy as higher US tariffs loom. India’s BSE Sensex advanced Thursday, its eighth gain in nine sessions. Eastspring Investments expects a stronger second half for the equity market in the country on fiscal support from the government and bets the central bank will cut interest rates. Worries over the economic effects of the global trade war are sapping liquidity in US stocks, creating a headache for institutional investors that may also boost volatility in broader markets. Liquidity in S&P 500 stock-index futures, as measured in the most-active contract, stands at a two-year low, data compiled by Deutsche Bank AG show. Federal Reserve Bank of St. Louis President Alberto Musalem said it’s not clear the impact of tariffs will prove temporary, and cautioned that secondary effects could prompt officials to hold interest rates steady for longer. In commodities, oil held a gain after US crude inventories fell the most since December. Gold steadied near a record high. US after Hours Auto stocks lower as President Trump imposes 25% tariffs; WOOF +10.7%, CNXC +10.5%, SCS +10.3%, FUL +6.7% higher on earnings; VRNT -10.7%, JEF -4.7% lower on earnings
Nikkei -0.60% Hang Seng +0.87% CSI +0.36% Shanghai +0.20% Shenzen +0.00%
Eur$ 1.0780 CNH 7.2704 CNY 7.2637 JPY 150.43 GBP 1.2928 CHF 0.8832 RUB 83.9357 TRY 38.0010 WTI$ 69.54 -0.11% Gold 3,027 +0.32% BTC 87,410 +0.12% ETH 2,025 +0.69%
S&P +0.11% Nasdaq -0.06% EuroStoxx -0.59% FTSE -0.27% Dax -0.89% SMI -0.61%
Macro :
- US Approves Possible $1.96b Military Sale to Qatar
- Tether Said to Buy 30% Stake in Italian Media Company Be Water
- Automakers’ Shares Fall as Trump Announces 25% Car Import Tariff
- European companies rush to tap defence spending boom
- Hedge Fund Regal Among Stock Pickers Burned by Biotech’s Crash
- Japan to Take Necessary Steps on US Auto Tariffs, Engage with US
Keep an eye on :
Keep an eye on :
- ADEN SW : Adecco to Launch a New Company, Backed by Salesforce
- ARBN SW : Arbonia Targets 2029 Ebitda Margin Between 14% to 15%
- ARCAD NA : Arcadis Gets Share of $1.5b Contract to Support US Air Force
- AAD GY : Amadeus Fire FY Operating Ebita EU55.5M Vs. EU70.4M Y/y
- AKE FP : Arkema Signs New Eight Year Biomethane Supply Pact With Engie
- ADSK US : Autodesk Says Open to Meet Starboard Nominees
- ADSK US : Autodesk Says Open to Meet Starboard Nominees
- BAYN GY : Elliott, PE Groups Held Talks on Bayer Consumer Health Unit: FT
- BA US : Boeing-Lockheed’s Vulcan Approved for US Defense Launches
- BONAVA SS : Bonava Introduces Percentage of Completion Method; Keeps Targets
- BRNK GY : Branicks Group Repays €100M Promissory Note Loan
- BP/ LN : BP Weighs Stake Sales in Two Gulf of Mexico Projects: Reuters
- BRNK GY : Branicks Group Repays €100M Promissory Note Loan
- CAI AV : CA Immo FY Dividend per Share Beats Estimates
- ALCAR FP : Carmat Gets Flexible Equity Financing Line for Max. 9M Shares
- CAVA US : Cava Group Set to Join S&P MidCap 400 on March 31
- EVD GY : CTS Eventim FY Normalized Ebitda Meets Estimates (1)
- CWC GY : Cewe Stiftung FY Profit After Tax Meets Estimates
- CWC GY : Cewe Stiftung 2025 Profit After Tax Forecast Misses Estimates
- EDP PL : EDP Adds Long-Term Power Sale Contracts, Helped by Data Centers
- EDR SM : Permira Offers 5.5% eDreams Odigeo Stake via Goldman: Terms
- ENGI FP : Arkema Signs New Eight Year Biomethane Supply Pact With Engie
- EXO NA : Exor FY Net Income EU14.67B Vs. EU4.19B Y/y
- HMB SS : H&M 1Q Operating Profit Misses Estimates
- IMPN SW : Implenia Wins Contracts Worth Over CHF150M in Total
- IFX GY : Infineon eyes chip manufacturing in India, plans to double workforce
- IOS GY : IONOS Group SE FY Revenue Meets Estimates
- JUN3 GY : Jungheinrich Sees 2025 Ebit Margin 7.8% to 8.6%, Est. 8.16%
- KEMIRA FH : Kemira, IFF Form JV to Produce Biobased Materials at Scale
- KTN GY : Kontron FY Dividend per Share EU0.6 Vs. EU0.50 Y/y
- NWG LN : Farage, Natwest Agree to Settle Debanking Dispute: Sky
- NESN SW : Buyout Firms Said to Circle Nestle’s €5 Billion Water Business
- PSM GY : MFE Makes Cash-and-Stock Bid to Boost ProSieben Stake: Snapshot
- PRY IM : Prysmian CEO Sees Capacity for Sizeable M&A Deals From 2027
- PUUILO FH : Puuilo 4Q EPS EU0.12
- QDT FP : Quadient FY Ebitda Meets Estimates
- RAA GY : Rational Sees 2025 Ebit Margin About 26%, Est. 26.6%
- G24 GY : Scout24 Proposes 2024 Dividend of EU1.32/Share
- SLIGR NA : Sligro FY Ebitda EU138M Vs. EU137M Y/y
- 9984 JP : OpenAI Close to Finalizing $40 Billion SoftBank-Led Funding
- S92 GY : SMA Solar FY Ebitda Loss EU16M Vs. Profit EU311M Y/y
- SMHN GY : SUSS MicroTec Sees 2025 Ebit Margin 15% to 17%
- SY1 GY : Symrise FY Dividend per Share Misses Estimates
- TTK GY : Takkt Sees '25 Adj. Ebitda Margin 6% to 8%, Sets New Strategy
- TRI FP : Trigano 2Q Revenue Misses Estimates
- X US : Nippon Steel Delays US Steel Deal Close Again, Now 2Q 2025
- VO CN : Valore Metals Corp to Buy South Atlantic Gold INC
- DG FP : Vinci Renews Multi-Year UK Highways Contract Worth €65M/Yr
- VOW GY : VW Is Said to Mull Options Including Listing for MAN Energy Unit
- VOS GY : Vossloh 2025 Ebit Forecast Misses Estimates
- WEW GY : Westwing Group Sees 2025 Adjusted Ebitda EU25M to EU35M