From Financial Modeling Prep: 2025-04-22 03:21:00

Most Asian markets traded cautiously amid President Trump’s criticism of Fed Chair Jerome Powell and U.S.-China tariff tensions. U.S. futures rose slightly, while regional equities lacked conviction. Key drivers include concerns over Fed independence, tariff uncertainty, and fiscal and monetary divergence. Eyes are on upcoming PMI and GDP data in Japan, Australia, and South Korea.

In the market snapshot, U.S. Futures saw S&P 500 Futures up 0.6%. Japan’s Nikkei 225 was down 0.1%, China’s Shanghai Composite was flat, and Hong Kong’s Hang Seng fell 0.5%. Australian ASX 200 was flat, and South Korea’s KOSPI rose 0.2%. Notable declines in e-commerce names in Hong Kong.

In regional highlights, China and Hong Kong saw JD.com and Meituan slide over 6% amid domestic competition and policy scrutiny. Beijing warned against nations making trade deals at China’s expense. In Japan, Prime Minister Ishiba expressed concern over U.S. auto tariffs conflicting with the 2019 trade pact. Australia and South Korea face challenges with PMIs and GDP prints.

Looking ahead, corporate catalysts like Tesla’s Q1 earnings and economic data releases will test Asia’s recovery. With policy ambiguity and trade frictions, Asian markets are expected to remain range-bound. Investors can check sector valuations using the Sector PE Ratio Market Overview API for insights into value and risk pockets in the market.



Read more at Financial Modeling Prep:: Asian Stocks Muted as Fed and Trade Fears Persist