American Invest Hub
  • Politics
  • Investing
  • Business
  • Latest News

American Invest Hub

  • Politics
  • Investing
  • Business
  • Latest News
Latest News

Asian stocks bleed after Trump’s tariffs: Nikkei down 2%, Kospi crashes 3%

by admin February 3, 2025
February 3, 2025
Asian stocks bleed after Trump’s tariffs: Nikkei down 2%, Kospi crashes 3%

Asian stock markets are trading lower on Monday, following negative cues from Wall Street on Friday.

Investor sentiment has been impacted by concerns over higher inflation after the US imposed new tariffs over the weekend.

The market decline comes amid worries that the Federal Reserve may delay potential interest rate cuts.

White House Press Secretary Karoline Leavitt confirmed the Trump administration’s tariffs on key trading partners.

The new measures include a 25% tariff on imports from Mexico and Canada and a 10% tariff on goods from China.

The administration also warned of potential 100% tariffs on BRICS nations, citing concerns over efforts to reduce reliance on the US dollar.

Japan’s Nikkei 225 crashes 2%

The Japanese stock market is experiencing a steep drop, with the Nikkei 225 index falling more than 2% to hover just above 38,600.

Losses are broad-based, affecting key sectors such as automakers, technology stocks, and index heavyweights.

The Nikkei 225 Index closed the morning session at 38,612.96, down 959.53 points or 2.42%, after touching a low of 38,454.38. This follows a session on Friday where Japanese stocks ended slightly higher.

Among major stocks, SoftBank Group is down nearly 1%, while Fast Retailing, the operator of Uniqlo, has fallen more than 2%. In the automotive sector, Honda is down nearly 7%, while Toyota has declined by almost 5%.

Hong Kong Stocks Drop as Trading Resumes

Chinese equities listed in Hong Kong are trading lower as markets reopened following the Lunar New Year holiday. Investors are reacting to President Trump’s decision to impose a 10% tariff on Chinese goods.

The Hang Seng China Enterprises Index declined as much as 2.2% in early trading, aligning with the broader regional downturn.

In early trade, the Hang Seng Index dropped to 19,949.69, after falling as much as 2.3% earlier when trading resumed following a three-day break. The Hang Seng Tech Index declined 1.8%.

Meanwhile, the Caixin China General Manufacturing Purchasing Managers Index (PMI) fell to 50.1 in January from 50.5 in December, missing the consensus estimate of 50.6 tracked by Bloomberg.

Hong Kong’s stock market had been closed since midday on January 28, while mainland Chinese markets are set to resume trading on February 5.

Other regional markets

The Australian stock market is trading significantly lower on Monday, reversing a three-session winning streak.

The benchmark S&P/ASX 200 index has fallen below the 8,400 level, with broad-based losses led by mining and technology stocks.

The decline reflects broader global concerns about trade uncertainty and inflationary pressures.

South Korea’s KOSPI index fell below 2450, driven by sell-offs from institutional and foreign investors.

The KOSPI index stood at 2441.09, down 76.87 points or 3.05% from the previous day.

Foreign investors sold off 522.8 billion won, while institutions sold 428.6 billion won. Meanwhile, individual investors were the only group to purchase shares, with a net buy of 889.3 billion won.

The post Asian stocks bleed after Trump’s tariffs: Nikkei down 2%, Kospi crashes 3% appeared first on Invezz

0
FacebookTwitterGoogle +Pinterest
previous post
INR sinks to all-time low as Trump’s tariffs send jitters across global markets
next post
Trump’s trade war has begun: what’s at stake for the global economy?

Related Posts

At least 15 killed in fire thought to...

February 25, 2024

China lifts penalties on Australian wine after more...

March 29, 2024

US retail sales and manufacturing output decline in...

February 15, 2025

Russian submarine sunk in Crimean port, Ukraine claims

August 4, 2024

Palantir stock slides over 12% on reports of...

February 20, 2025

GBP/USD forecast: sterling outlook after the BoE, Fed...

December 22, 2024

‘We were walking in water, sand, mud’: Palestinian...

February 14, 2024

At least 51 killed as wildfires rage in...

February 5, 2024

Weekly wrap: Trump’s $100K H-1B visa fee, Nvidia’s...

September 21, 2025

How racing driverless cars is pushing autonomous technology

May 16, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest News

    • Europe bulletin: Manchester synagogue attack aftermath, stocks close higher

      October 5, 2025
    • Evening digest: Trump sets deadline for Hamas, Canada’s slowdown, BTC rebounds

      October 5, 2025
    • US digest: Trump’s Hamas ultimatum, government shutdown stalemate continues

      October 5, 2025
    • Iran executes six people for alleged links to Israel, state media reports

      October 5, 2025
    • Japanese stocks may extend record run as Takaichi win revives ‘Abenomics’

      October 5, 2025

    Categories

    • Business (4,191)
    • Investing (2,958)
    • Latest News (2,080)
    • Politics (1,536)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: americaninvesthub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 americaninvesthub.com | All Rights Reserved