Asian markets decline due to Trump's new tariffs on BRICS, causing global trade uncertainty

Asian stocks dipped as President Trump announced new tariffs on BRICS countries, causing uncertainty in global trade. The tariffs, set at 10%, will impact India and China. Markets in China, Hong Kong, Japan, and Australia saw declines, despite recent positive trade talks and stimulus measures from Beijing.

U.S. futures mirrored Asian caution, with tech sentiment weak even after Hon Hai Precision reported record revenue. Australian markets await the Reserve Bank of Australia’s interest rate decision, with a 25-basis point cut expected. Investors are monitoring central bank expectations and inflation trends for market impact.

Trade negotiations with South Korea, India, and Japan are ongoing, but uncertainty remains as Trump’s protectionist stance persists. Until the full scope of tariffs is revealed, Asian markets are likely to remain cautious. Real-time tracking of global indices and equity trends is available through Market Indices API for updated market quotes.