From Financial Modeling Prep: 2025-02-05 01:32:18

Asian stocks had a mixed day as Chinese equities fell due to U.S.-China trade tensions. South Korea and the Philippines reported stronger-than-expected inflation data.

Chinese stocks dropped with Shanghai Composite and CSI 300 falling 0.4% and 0.3% respectively. Hong Kong’s Hang Seng Index also declined by 1%.

The U.S.-China trade dispute escalated with new tariffs imposed by Trump and China’s retaliatory measures. Market uncertainty persists with no immediate resolution in sight.

Other Asian markets reacted differently with Japan’s Nikkei 225 and TOPIX staying flat, Australia’s S&P/ASX 200 rising 0.6%, Indonesia’s JCI falling 0.5%, and India’s Nifty 50 futures indicating a slight drop.

U.S. futures were impacted as Nasdaq 100 slipped due to Alphabet missing earnings estimates, putting pressure on tech stocks globally.

Stay informed with key market insights using Financial Data APIs to analyze sector performance and track currency fluctuations amid rising geopolitical risks.



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