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

American Invest Hub

  • Politics
  • Investing
  • Business
  • Latest News
Business

Asian markets close: Nikkei dips 1.22%, Hang Seng -1.2%; Sensex ends 182 pts lower at 81,450

by admin May 30, 2025
May 30, 2025
Asian markets close: Nikkei dips 1.22%, Hang Seng -1.2%; Sensex ends 182 pts lower at 81,450

A wave of caution swept across most Asia-Pacific financial markets on Friday, with major indices closing predominantly lower.

Investor sentiment was dampened by a confluence of factors, including signs of a slowing US economy, persistent inflation fears, and renewed uncertainties stemming from the dramatic judicial developments surrounding US President Donald Trump’s “reciprocal” tariffs.

Indian benchmarks, including the Sensex, mirrored the regional weakness, finishing the last trading session of May in the red.

The primary driver behind the market downturn was the legal seesaw regarding President Trump’s tariff policy.

Earlier in the week, on Wednesday night, the US Court of International Trade had ruled that Trump had overstepped his authority in imposing his “reciprocal” tariffs and ordered that the challenged tariff orders be vacated.

However, this decision was short-lived. The Trump administration promptly filed a notice of appeal, and by Thursday afternoon, an appeals court had reinstated the levies.

The administration further signaled its intent to escalate the matter, stating it could ask the Supreme Court as early as Friday to pause the federal court’s original ruling if necessary.

Adding to the trade-related anxieties, US Treasury Secretary Scott Bessent, in an interview with Fox News on Thursday local time, acknowledged that trade talks between the US and China were “a bit stalled.”

This admission further clouded the outlook for global trade and contributed to the risk-off mood among investors.

Regional market performance: a sea of red

The negative sentiment was reflected across most major Asian bourses. 

Japan’s benchmark Nikkei 225 declined 1.22% to end the day at 37,965.10, while the broader Topix index moved down 0.37% to 2,801.57.

Investors in Tokyo were also parsing a slew of domestic data releases, including a notable rise in Tokyo’s core inflation reading for April.

The data, which captures consumer costs excluding fresh food, climbed 3.6% from a year ago, marking its highest level since January 2023.

In South Korea, the Kospi index dropped 0.84% to close at 2,697.67, while the small-cap Kosdaq fell 0.26% to 734.35.

Mainland Chinese markets also succumbed to the pressure, with the CSI 300 index ending the day 0.48% lower at 3,840.23. Hong Kong’s Hang Seng Index retreated 1.2% to 23,289.77.

One of the few bright spots in the region was Australia’s S&P/ASX 200, which rose 0.3% to end the day at 8,434.70.

Indian markets: Sensex skids as tech, auto, metals drag; GDP data awaited

The Indian stock market wrapped up the final trading session of May in negative territory.

A sharp sell-off in technology, auto, and metal stocks dragged the headline indices lower, reversing a brief rebound seen in the previous session.

While PSU stocks offered some pockets of support, it wasn’t enough to lift the broader market.

Ultimately, the NSE Nifty 50 ended with a cut of 79.90 points, or 0.32%, slipping back below the crucial 24,800 mark to close at 24,753 points.

The BSE Sensex skidded 182 points, or 0.22%, to settle at 81,450 points.

Analysts noted that investors turned cautious ahead of the release of domestic GDP data, which likely contributed to the day’s subdued performance.

US market undercurrents: Futures dip, Wall Street’s uneasy gains

US stock futures also slipped as investors awaited further trade news and fresh inflation data.

Futures tied to the Dow Jones Industrial Average pulled back 22 points, or 0.05%. S&P 500 futures fell 0.07%, while Nasdaq-100 futures were last seen down 0.08%.

This followed a session on Wall Street where all three key benchmarks managed to close higher overnight, though gains were curtailed by caution surrounding the court rulings on Trump’s “reciprocal tariffs”.

The S&P 500 moved up, supported by strong moves in chipmaker Nvidia, ending the day 0.4% higher at 5,912.17, despite climbing as much as 0.9% intraday.

The Nasdaq Composite advanced 0.39% to 19,175.87, also well off its highest intraday gain of 1.5%.

The Dow Jones Industrial Average added 117.03 points, or 0.28%, to finish at 42,215.73.

The post Asian markets close: Nikkei dips 1.22%, Hang Seng -1.2%; Sensex ends 182 pts lower at 81,450 appeared first on Invezz

0
FacebookTwitterGoogle +Pinterest
previous post
Paris Saint-Germain adds Bitcoin to balance sheet amid crypto boom in European football
next post
Uber stock price analysis: buy the Tesla robotaxi fear dip?

Related Posts

Near Protocol unveils $20M fund to drive AI...

February 8, 2025

Temple University reviewing reports of potential match-fixing of...

March 9, 2024

Long NNE: Nano Nuclear Energy Inc. Poised for...

January 23, 2025

Affirm stock price forecast: set to enter beast...

December 7, 2024

Paramount says CEO Bob Bakish is stepping down,...

May 2, 2024

BYD stock price forecast as its European market...

June 19, 2025

Xiaomi stock price has entered beast mode: more...

October 2, 2024

Ethereum long-term holder growth hits 75% in 2024:...

December 30, 2024

Credit cards are charging more ‘excess’ interest than...

February 24, 2024

CVS Health stock price has crashed: buy this...

December 17, 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

    • GMS stock jumps 29% on takeover interest from Home Depot, QXO, analysts raise PTs

      June 22, 2025
    • Japan’s rice price surge: what’s driving it and why it could spark a political crisis

      June 22, 2025
    • BofA raises STOXX 600 target amid resilient global growth, warns on Mideast risks

      June 22, 2025
    • Palantir co-founder: US must prevent Iranian nukes

      June 22, 2025
    • Fed governor Waller advocates for July rate cut amid tariff, labor market outlook

      June 21, 2025

    Categories

    • Business (3,169)
    • Investing (2,522)
    • Latest News (2,000)
    • 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