From Financial Modeling Prep: 2025-06-03 07:56:00

Asian equities saw modest gains on Tuesday, led by tech shares amid U.S.-China trade tensions. Japan’s Nikkei 225 rose 0.3%, Hong Kong’s Hang Seng Index surged 1.2%, and Taiwan’s TSMC gained 1%. BYD Co and Li Auto also saw positive movement.

Tech rebounded with lower U.S. Treasury yields, boosting investor sentiment. AI growth optimism supported chipmakers and EV players. Chinese markets were flat post-holiday, as tensions with the U.S. escalated. Beijing rejected Trump’s trade deal breach accusation, while manufacturing PMI data reflected tariff impact.

Australia’s ASX 200 rose 0.3% despite weak Q1 company profits and a larger current account deficit. The RBA’s rate cut failed to spur growth, highlighting ongoing economic challenges. Asian markets face trade tensions, weak data, and cautious investor sentiment ahead of central bank meetings. Tech and EV stocks may outperform in the current environment.



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