Stocks in Asia mostly fell following U.S. President Donald Trump's announcement of 25% tariffs on all steel and aluminum imports. Hong Kong's Hang Seng and Shanghai Composite indices declined, while Japan markets were closed. The S&P/ASX 200 in Australia remained stable, and South Korea's KOSPI rose slightly. The announcement sparked fear about tariffs, leading to a surge in gold prices and a dip in U.S. futures.
Stocks in Asia are mostly down after U.S. President Donald Trump imposed 25% tariffs on all U.S. imports of steel and aluminumA currency trader passes by a screen showing the Korea Composite Stock Price Index , top center left, and the foreign exchange rate between U.S. dollar and South Korean won, top center, at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Tuesday, Feb. 11, 2025. Hong Kong’s Hang Seng index declined 0.87% to 21,335.
The Dow Jones Industrial Average futures slid 82 points, about 0.18%. The S&P 500 futures and Nasdaq 100 futures respectively fell 0.28% and 0.36%., like he did with 25% tariffs he had announced on Canada and Mexico, suggesting they may be merely a negotiating chip rather than a true long-term policy.
“Nonetheless, the reality is that U.S.-China trade tensions are set to structurally ramp-up, even if a negotiated compromise is the endgame for Trump 2.0 tariffs," Varathan added.
STEEL TARIFFS ALUMINUM TARIFFS ASIAN STOCKS TRUMP ADMINISTRATION INTERNATIONAL TRADE
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock market today: Asian shares mixed as DeepSeek lifts Chinese tech stocksAsian shares Friday were mixed, with Chinese technology stocks rising even as most Asian equities declined.
Read more »
Asian Stocks Mixed as Trump Tariff Plans EyedAsian stocks showed mixed performance on Tuesday, with Chinese shares surging on reports of a gradual U.S. tariff increase under Donald Trump. Japanese share declines weighed on the overall regional market. Investors are awaiting key inflation data this week to gauge the Federal Reserve's interest rate outlook.
Read more »
Stock market today: Asian stocks mixed as Trump's tariff threats raise uncertaintyAsian stocks are mixed after U.S. President Donald Trump’s latest comments on tariffs raised uncertainty in Chinese markets.
Read more »
Asian Stocks Mixed After Trump's Tariff Comments Raise UncertaintyAsian stock markets reacted mixedly to U.S. President Donald Trump's comments on tariffs, with investors grappling with uncertainty after he hinted at potential tariffs on Chinese imports.
Read more »
Asian Stocks Fall on Trump Tariffs and China PMI ConcernsMost Asian stocks declined on Monday following U.S. President Trump's imposition of trade tariffs on Colombia, raising fears of further tariff actions. Chinese markets showed mixed performance; while tech stocks gained on optimism surrounding a new AI model, weaker-than-expected PMI data highlighted an economic slowdown. Wall Street's negative lead further dampened regional sentiment.
Read more »
Stock market today: Asian stocks down after Trump imposes tariffs on imports of steel and aluminumStocks in Asia were mostly down Tuesday, after U.S. President Donald Trump imposed 25% tariffs on all U.S. imports of steel and aluminum.
Read more »