Dow Jones-US President Donald Trump sends the Asian stock markets to the deepest stands for a month on Tuesday. Although the taxes do not reach the level of Wall Street from the previous evening and some markets are already recovering after the first fright, but the mood on the markets has been struck. Trump has destroyed the hopes that the planned tariffs could still be withdrawn to imports from Canada and Mexico. There was “no longer a scope for Mexico or Canada” to make a deal before midnight, Trump said the evening before. The planned 25 percent tariffs on goods imports from these two countries will come into force from Tuesday.
China now also reacted and countered the tariffs on Chinese US imports with counter-tariffs from March 10, and Canada also announces reactions. The feared trade war seems to become a reality – and against the background weaker than expected, unusual US economy data the evening before. “No favorable requirements for stocks,” says a dealer. Supposedly safe ports are therefore in demand, US bonds rise as well as the Japanese yen. According to the IG market strategist Yeap Jun Rong, the emergency uncertainty about US tariffs should dampen the market mood in Asia in the near future.
In Japan, the Nikkei -225 falls by 1.6 percent to 37,173 points – also burdened by the yen. Export -heavy titles from the automobile and semiconductor sectors are sold – the latter also burdened by the Nvidia crash in the USA. Advantest lose 8.2 and soft bank 5.7 percent and Honda motor 2.1 percent.
In Asia, but above all in China, the focus is on annual popular congress from Wednesday. The expectations are high that Beijing will finally get extensive economic aids on the way. This hope gives the Chinese markets in part even turning into the plus for initial taxes. The Hang Seng index in Hong Kong is only 0.2 percent, the Shanghai compüosite now increases by 0.1 percent. BYD falls by 6.8 percent after the company has announced its plans to place shares – other car values are also weak. Under the other individual values, Taiwan Semiconductor Manufacturing (TSMC) in Taipeh lost 1.9 percent. The company apparently plans to invest $ 100 billion in chipbares in the United States over the next four years.
In South Korea, the Kospi keeps up with minus 0.1 percent. Here, too, semiconductor and automotive titles are sold. The S&P/ASX-200 in Sydney is 0.6 percent lighter.
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Index (stock exchange) last +/- % % YTD end
S&P/ASX 200 (Sydney) 8.198.19 -0.6% +0.2% 06:00
Nikkei -225 (Tokyo) 37,172.93 -1.6% -5.3% 07:00
Kospi (SEOUL) 2,531.21 -0.1% -5.3% 08:00
Shanghai-Comp. 3,319.77 +0.1% -0.9% 08:00
Hang -Seng (Hongk.) 22,959.06 -0.2% +14.3% 09:00
Straits-Times (Sing.) 3,908.92 +0.3% +2.91% 10:00
Last +/- % 00:00 Mon, 08:46 % YTD
EUR/USD 1.0483 -0.0 1.0487 1.0408 +0.4%
EUR/JPY 156.54 -0.2 156.88 156.52 -3.8%
EUR/GBP 0.8257 0.0 0.8255 0.8262 -0.1%
GBP/USD 1.2696 -0.1 1.2703 1.2597 +0.6%
USD/JPY 149.33 -0.2 149.58 150.38 -4.2%
USD/KRW 1,460.43 0.1 1,458,93 1,460.70 -0.9%
USD/CNY 7.1719 -0.1 7.1818 7.1784 -0.4%
USD/CNH 7.2869 -0.2 7.3043 7.3030 #nv
USD/HKD 7,7747 -0.0 7.7772 7.7772 +0.1%
AUD/USD 0.6199 -0.3 0.6220 0.6217 +0.4%
NZD/USD 0.5605 -0.2 0.5617 0.5601 +0.0%
BTC/USD 84,055.00 -3.0 86,632.40 92,232.35 -0.3%
Row oil last VT-Settlem. +/- % +/- USD % YTD
WTI/NYMEX 68.11 68.37 -0.4% -0.26 -0.5%
Brent/ICE 76.77 76.77 0% 0-2.3%
Metals last the last day +/- % +/- USD % YTD
Gold (spot) 2889.985 2897.095 -0.2% -7.11 +8.9%
Silver (spot) 30.24 30.25 -0.0% -0.01 +7.4%
Platinum (spot) 913.42 912.53 +0.1% +0.89 +4.4%
Copper -future -0.325 -0.325 0% 0 +6.4%
YTD based on the final course of the previous day
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(End) Dow Jones Newswires
March 04, 2025 01:02 ET (06:02 GMT)