Most Asian stocks declined Wednesday as risk appetite waned following U.S. President Donald Trump’s renewed tariff threats. Weak U.S. economic data also weighed on sentiment, while Hong Kong markets stood out with strong gains in Chinese tech stocks.
Wall Street’s losses extended for a fourth session as weak consumer confidence data heightened concerns over a slowing U.S. economy. Trump’s tariff threats on copper, along with his plans for 25% tariffs on Canada and Mexico by early March, added to market jitters.
Despite this, U.S. stock futures edged higher in Asian trade, hinting at potential bargain buying ahead of Nvidia’s earnings release later in the day.
Hong Kong’s Hang Seng Index surged over 2%, nearing a two-year high, as investors remained bullish on China’s artificial intelligence sector. Major tech players like Alibaba, Tencent, and Baidu led the rally, fueled by optimism over AI-driven growth. Gains extended into broader Chinese markets, with the Shanghai Composite and CSI 300 seeing mild increases.
However, other Asian tech stocks struggled as investors turned cautious ahead of Nvidia’s earnings. Japan’s Nikkei 225 dropped 0.5%, while South Korea’s KOSPI dipped 0.1%. Taiwan Semiconductor Manufacturing Co. (TSMC) and Hon Hai Precision Industry (Foxconn), key Nvidia suppliers, also saw modest declines.
Broader Asian markets remained weak due to concerns over U.S. economic data and trade risks. Australia’s ASX 200 fell 0.3% after inflation data suggested limited scope for rate cuts. Japan’s TOPIX dropped 1.1%, while Singapore’s Straits Times Index remained flat.
Overall, uncertainty surrounding U.S. trade policies and economic growth continued to pressure global markets, with investors closely watching Nvidia’s earnings for further direction.


Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets
Mexico-US Trade Talks Delayed to October as Tariff Negotiations Continue
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity
European Stocks Fall as Bond Yields and Geopolitical Risks Weigh
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit
Trump, Xi Focus on Trade and AI at White House Summit
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals
U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge
Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals
U.S. Treasury Yields Surge as 30-Year Hits 22-Year High
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth
Oil Prices Jump 3% as Houthi Attack Revives Supply Fears
Dollar Holds Near Two-Month High as Yen Approaches 160
China Agrees to Buy 20 Million Tons of U.S. Coal
Gold Holds Near $4,275 as Rising Treasury Yields Fuel Fed Rate Hike Bets
Asian Currencies Mixed as Dollar Holds Near Two-Month High 



