Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets 
US 10-Year Treasury Yield at 6% Emerges as New Market Risk Threshold 
UK PM Burnham to Unveil Economic Vision at Labour Conference 
Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens 
Asian Currencies Mixed as Dollar Holds Near Two-Month High 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
Trump, Xi Focus on Trade and AI at White House Summit 
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
Fed Unveils Stablecoin Rules Under GENIUS Act 
US Comfortable With Canada Trade Standoff as Import Bans Loom 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
China Agrees to Buy 20 Million Tons of U.S. Coal 
U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
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Most Asian stocks fell on Friday, extending losses as investor anxiety grew over U.S. President Donald Trump’s aggressive tariff plans. Japanese markets led regional declines, with the Nikkei 225 and TOPIX sinking over 2% after Tokyo’s hotter-than-expected CPI data fueled speculation of a near-term Bank of Japan rate hike.
Auto and tech stocks were hit hardest. Shares of Toyota and Honda tumbled nearly 5%, extending losses from Thursday after Trump announced 25% tariffs on autos. In South Korea, Hyundai dropped 4.2%, while chipmaker SK Hynix slid 3.5%. Taiwan’s TSMC dipped 0.9%, and Hon Hai Precision plunged 3.4%. The broader tech sector faced pressure on fears of oversupply in AI data centers, especially after Microsoft reportedly canceled several data center leases.
Wall Street’s weak performance overnight, driven by tariff concerns and ahead of more duties set for April 2, set a negative tone for Asian markets. U.S. stock index futures traded flat in Asia, with investors eyeing upcoming PCE data for inflation cues.
Elsewhere, South Korea’s KOSPI lost 1.7%, mirroring Japan’s tech-led downturn. In China, the Shanghai Composite and CSI 300 edged down 0.4% and 0.2% respectively, while Hong Kong’s Hang Seng slipped 0.3% but remained on track to recover weekly losses. Despite Friday’s dip, Chinese stocks have outperformed in 2025 amid optimism over AI growth and Beijing’s policy support.
Australia’s ASX 200 rose 0.2% ahead of next week’s RBA meeting, where rates are expected to remain unchanged. Singapore’s Straits Times index edged up 0.1% after recent record highs. Indian Nifty 50 futures pointed to a flat open. Investors now await China’s March PMI data on Monday for further direction.
