Asian stocks slump on trade worries due to Nvidia Corp. results and new tariff threats

From Nasdaq: 2025-02-28 03:43:01

Asian stocks plummeted on Friday due to underwhelming Nvidia Corp. results and new tariff threats from U.S. President Donald Trump. China vows to take countermeasures after Trump’s announcement of a 10 percent tariff on Chinese imports. The dollar held gains as trade war concerns heightened, while treasuries remained steady. Oil prices are on track for their first monthly drop since November. In Asian markets, Shanghai Composite and Hang Seng fell on trade war fears, while Japanese markets tumbled on tariff concerns and mixed economic data. Australian markets also fell sharply, with Star Entertainment shares plunging. New Zealand’s benchmark index rose slightly. U.S. stocks also tumbled overnight, with economic releases showing mixed data. Nasdaq, S&P 500, and Dow all closed lower.



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