Asian Shares Mostly Lower As US Tariffs On Steel, Aluminum Imports Take Effect

RTTNews | Pred 166 dňami

(RTTNews) - Asian stocks ended mostly lower on Wednesday despite U.S. President playing down fears of a recession and Ukraine endorsing a U.S. proposal for a 30-day ceasefire with Russia.

Tariff uncertainties kept investors on edge as Trump's increased tariffs on all U.S. steel and aluminum imports took effect and the European Union said it will impose counter tariffs on 26 billion euros ($28 billion) worth of U.S. goods from next month.

Meanwhile, Trump reversed course on a pledge to double tariffs on steel and aluminum from Canada to 50 percent, minutes after the Canadian province of Ontario backed off its plans for a 25 percent surcharge on electricity.

The dollar weakened against its major peers ahead of the release of key U.S. consumer inflation reading later in the day. Gold was marginally lower while oil prices edged higher on dollar weakness.

China's Shanghai Composite index slid 0.23 percent to 3,371.92 after a choppy session. Hong Kong's Hang Seng index fell 0.76 percent to 23,600.31, extending declines for a fourth day.

Japanese shares ended flat after a choppy session as Bank of Japan Governor Kazuo Ueda said recent rises in bond yields were a natural reflection of market expectations of future interest rate hikes.

Additionally, Japan's annual wholesale inflation hit 4.0 percent in February, data showed on Wednesday, keeping BoJ rate-hike bets alive.

The Nikkei average finished marginally higher at 36,819.09 while the broader Topix index jumped 0.91 percent to close at 2,694.91.

Nissan Motor shares rose 0.6 percent after CEO Makoto Uchida announced his resignation, paving the way for Ivan Espinosa to take over on April 1.

Seoul shares rallied, with the Kospi average climbing 1.47 percent to 2,574.82 led by semiconductor and battery stocks. LG Energy Solution and Samsung SDI both rose around 2 percent.

Australian markets tumbled as U.S. tariffs on steel and aluminum imports came into effect, with no exemptions for Australia.

Prime Minister Anthony Albanese has called the decision by U.S. as "unprovoked, unfriendly and entirely unjustified", but said he won't impose retaliatory tariffs on the U.S.

The benchmark S&P/ASX 200 fell 1.32 percent to 7,786.20, hitting a new six-month low. The broader All Ordinaries index dropped 1.24 percent to 8,002.60.

Across the Tasman, New Zealand's benchmark S&P/NZX-50 index dropped 1.30 percent to 12,249.55.

U.S. stocks fell sharply overnight after a highly volatile session, adding to the biggest selloff in months, as tariff-related worries overshadowed signs of resilience in the labor market and news of progress toward a ceasefire between Russia and Ukraine.

The Dow lost 1.1 percent, the S&P 500 shed 0.8 percent and the tech-heavy Nasdaq Composite slipped 0.2 percent.

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market trading on Tuesday, giving up the slight gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,950 level, with weakness in iron ore miners and a mixed performance across most other sectors.

RTTNews | Pred 22 minútami

Asian Markets Track Wall Street Lower

Asian stock markets are trading mostly lower on Tuesday, following the broadly negative cues from Wall Street overnight, as traders looked to cash in on the recent strong gains and remain cautious ahead of the release of key US economic data later in the week, including second quarter GDP and the US Fed's preferred readings on consumer price inflation. Asian markets closed mostly higher on Monday.

RTTNews | Pred 43 minútami

Sensex, Nifty Seen Lower As US Notifies India Of Additional Tariffs

Indian shares may open on a weak note on Tuesday as enthusiasm over potential Federal Reserve rate cuts faded and caution set in ahead of the release of crucial U.S. inflation data as well as Nvidia quarterly results.

RTTNews | Pred 1 h 14 min

Lower Open Called For Thai Stock Market

The Thai stock market has finished higher in two straight sessions, collecting almost 20 points or 1.6 percent along the way. The Stock Exchange of Thailand now sits just above the 1,260-point plateau although it figures to open in the red on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | Pred 1 h 54 min

Japanese Market Significantly Lower

The Japanese stock market is trading significantly lower on Tuesday, reversing the gains in the previous two sessions, following the broadly negative cues from Wall Street overnight, with the Nikkei 225 falling below the 42,400 level, with weakness across most sectors led by index heavyweights, exporters and financial stocks.

RTTNews | Pred 2 h 22 min

Indonesia Bourse May Hand Back Monday's Gains

The Indonesia stock market on Monday wrote a finish to the two-day slide in which it had fallen almost 85 points or 1.1 percent. The Jakarta Composite Index now sits just above the 7,925-point plateau although it's looking at a soft start on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | Pred 2 h 24 min

Hong Kong Shares May Be Stuck In Neutral On Tuesday

The Hong Kong stock market has moved higher in two straight sessions, improving more than 825 points or 3.4 percent along the way. The Hang Seng Index now rests just beneath the 25,830-point plateau although it may open under pressure on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | Pred 2 h 39 min

Australian Market Modestly Lower

The Australian stock market is trading modestly lower on Tuesday, recouping the slight gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,950 level, with weakness in iron ore miners, financial and technology stocks partially offset by gains gold miners.

RTTNews | Pred 2 h 42 min

EURUSD	1.16274	GBPUSD	1.34541	AUDUSD	0.64741
USDJPY	147.745	USDCAD	1.3858	USDCHF	0.80556