FMP
Asian Stocks Mixed as Trump’s Tariff Threats Weigh, Hong Kong Tech Rallies
Feb 26, 2025 6:54 AM - Parth Sanghvi
Image credit: Jash Chhabria
Most Asian stock markets fell on Wednesday, as risk sentiment remained weak following U.S. President Donald Trump's renewed trade tariff threats. However, Hong Kong markets outperformed, driven by strong gains in major Chinese tech stocks fueled by optimism around the country's artificial intelligence (AI) sector.
Key Market Drivers
📉 Weak Global Sentiment
- Wall Street closed lower for the fourth straight session, hit by weak U.S. consumer confidence data signaling economic cooling.
- Trump's tariff threats on copper, Canada, and Mexico added to investor concerns.
📈 Hong Kong Tech Rally Resumes
- Hang Seng Index surged over 2%, nearing a two-year high.
- AI optimism boosted Baidu (NASDAQ:BIDU), Alibaba (HK:9988), and Tencent (HK:0700).
📊 Nvidia (NASDAQ:NVDA) Earnings Awaited
- Investors remain cautious ahead of Nvidia's earnings release later today, which could impact global tech sentiment.
Tracking Market Trends with Financial Data
For detailed sector and company insights, check:
🔹 Sector Historical Overview API - to analyze sector performance trends
🔹 Full Financials API - for in-depth company financials
Markets remain volatile, with AI-driven tech optimism countering global economic concerns—making Nvidia's results a key market catalyst in the coming sessions.
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