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

American Invest Hub

  • Politics
  • Investing
  • Business
  • Latest News
Business

Asia markets update: Stocks climb despite Trump’s tariff threats and Wall Street sell-off

by admin March 15, 2025
March 15, 2025
Asia markets update: Stocks climb despite Trump’s tariff threats and Wall Street sell-off

Asian markets mostly gained on Friday, showing resilience despite a sharp sell-off on Wall Street triggered by fresh tariff threats from US President Donald Trump.

Investors in the region reacted to economic data, central bank signals, and rising gold prices, which helped lift sentiment across key indices.

Meanwhile, Australian miners surged as gold prices hit a record high, and Chinese stocks rebounded from a volatile week.

China’s CSI 300 leads gains

Mainland China’s CSI 300 index jumped 2.34% by midday Singapore time, marking one of the strongest gains in the region.

The rally was led by healthcare, consumer cyclicals, and non-cyclicals stocks, reflecting renewed investor confidence despite ongoing global uncertainties.

Hong Kong’s Hang Seng Index also saw a robust 1.9% rise, driven by a 14.38% surge in pharmaceutical giant WuXi Biologics.

Other top gainers included BYD (+6.43%), Ping An Insurance (+6.12%), and Meituan (+5.90%).

In Japan, the Nikkei 225 climbed 0.89%, while the broader Topix index rose 0.79%, supported by gains in tech and financial stocks.

Australia’s S&P/ASX 200 closed 0.55% higher at 7,789.7, with gold miners leading the charge.

Gold miners rally as prices hit record highs

Gold prices soared to a new record, nearing the key $3,000 per ounce mark as concerns over US trade policies and potential Federal Reserve rate cuts fueled demand for the safe-haven asset.

Australian mining stocks surged in response. Bellevue Gold rallied 5.71%, Newmont Corporation gained 5.46%, while Evolution Mining (+5.11%) and Kingsgate Consolidated (+4.12%) also posted strong gains.

Wall Street plunge fails to shake Asia’s confidence

The gains in Asia came despite a sharp downturn in US markets, where the S&P 500 fell 1.39%, the Dow Jones Industrial Average dropped 1.3%, and the Nasdaq Composite tumbled 1.96%.

The sell-off was triggered by Trump’s vow to impose 200% tariffs on European alcoholic products, escalating global trade tensions.

However, Asian markets remained resilient, with investors focusing on domestic economic trends and company performance rather than external volatility.

Bank of Japan expected to hold rates steady

Investors are also eyeing the Bank of Japan’s monetary policy meeting on March 18-19, with MFS Investment Management predicting that the central bank will keep rates unchanged amid expectations of strong inflation and wage growth.

Meanwhile, shares in Samsung SDI fell 7.21% after the company announced a 2 trillion won ($1.38 billion) share issuance to fund its joint venture with General Motors and expand manufacturing capacity in Hungary.

Asian currencies weaken

The Japanese yen depreciated 0.29% to 148.25 per US dollar, retreating from recent five-month highs.

The Korean won also weakened 0.15%, while the Australian dollar edged 0.1% lower.

Gold maintains gains amid trade and monetary policy uncertainties

Spot gold surged 0.14% overnight to a record $2,989.86 per ounce, driven by rising concerns over Trump’s trade policies and Fed rate cut bets.

As of Friday morning, prices hovered near $2,986.90 per ounce.

The post Asia markets update: Stocks climb despite Trump’s tariff threats and Wall Street sell-off appeared first on Invezz

0
FacebookTwitterGoogle +Pinterest
previous post
Why is NHS England being scrapped?
next post
2 reasons why the Costco stock price has collapsed this year

Related Posts

General Motors (GM) stock price forecast ahead of...

November 27, 2024

Trump’s anti-renewable stance poses threat to India’s booming...

November 8, 2024

Snapchat’s augmented reality ambitions: a costly bet that...

September 21, 2024

These quality stocks could recession-proof your portfolio in...

March 13, 2025

Prove AI launches enterprise-focused AI governance solution on...

October 23, 2024

ServiceNow stock is expensive; does it have a...

October 30, 2024

Markets fall, defence stocks jump as Indo-Pak tensions...

May 9, 2025

Hubspot stock price slowly forms a bullish pattern:...

December 22, 2024

SMCI stock forecast 2025: key Super Micro levels...

December 19, 2024

TikTok and fast-food rivalry fuel Chili’s sales as...

August 18, 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

    • Interview: Strategic location gives Brazil Potash cost advantage in domestic fertiliser market, says CEO Matt Simpson

      June 1, 2025
    • Canada’s Q1 GDP expands by 2.2%, driven by exports spike ahead of potential US tariffs

      June 1, 2025
    • President Trump to host farewell for Elon Musk as DOGE leader steps away

      June 1, 2025
    • UK’s digital banks face divergent fortunes: Starling stumbles, Monzo and Revolut soars

      June 1, 2025
    • Trump wants Apple to shift iPhone production from India to the US: here’s what it means

      May 18, 2025

    Categories

    • Business (3,012)
    • Investing (2,455)
    • Latest News (1,994)
    • Politics (1,530)
    • 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