Earnings Mastery
  • Politics
  • Business
  • Investing
  • World
No Result
View All Result
  • Politics
  • Business
  • Investing
  • World
No Result
View All Result
Earnings Mastery
No Result
View All Result
Home Investing

Asia markets update: Stocks climb despite Trump’s tariff threats and Wall Street sell-off

March 15, 2025
in Investing
Asia markets update: Stocks climb despite Trump’s tariff threats and Wall Street sell-off
0
SHARES
3
VIEWS
Share on FacebookShare on Twitter

Asian markets mostly gained on Friday, showing resilience despite a sharp sell-off on Wall Street triggered by fresh tariff threats from US President Donald Trump.

Investors in the region reacted to economic data, central bank signals, and rising gold prices, which helped lift sentiment across key indices.

Meanwhile, Australian miners surged as gold prices hit a record high, and Chinese stocks rebounded from a volatile week.

China’s CSI 300 leads gains

Mainland China’s CSI 300 index jumped 2.34% by midday Singapore time, marking one of the strongest gains in the region.

The rally was led by healthcare, consumer cyclicals, and non-cyclicals stocks, reflecting renewed investor confidence despite ongoing global uncertainties.

Hong Kong’s Hang Seng Index also saw a robust 1.9% rise, driven by a 14.38% surge in pharmaceutical giant WuXi Biologics.

Other top gainers included BYD (+6.43%), Ping An Insurance (+6.12%), and Meituan (+5.90%).

In Japan, the Nikkei 225 climbed 0.89%, while the broader Topix index rose 0.79%, supported by gains in tech and financial stocks.

Australia’s S&P/ASX 200 closed 0.55% higher at 7,789.7, with gold miners leading the charge.

Gold miners rally as prices hit record highs

Gold prices soared to a new record, nearing the key $3,000 per ounce mark as concerns over US trade policies and potential Federal Reserve rate cuts fueled demand for the safe-haven asset.

Australian mining stocks surged in response. Bellevue Gold rallied 5.71%, Newmont Corporation gained 5.46%, while Evolution Mining (+5.11%) and Kingsgate Consolidated (+4.12%) also posted strong gains.

Wall Street plunge fails to shake Asia’s confidence

The gains in Asia came despite a sharp downturn in US markets, where the S&P 500 fell 1.39%, the Dow Jones Industrial Average dropped 1.3%, and the Nasdaq Composite tumbled 1.96%.

The sell-off was triggered by Trump’s vow to impose 200% tariffs on European alcoholic products, escalating global trade tensions.

However, Asian markets remained resilient, with investors focusing on domestic economic trends and company performance rather than external volatility.

Bank of Japan expected to hold rates steady

Investors are also eyeing the Bank of Japan’s monetary policy meeting on March 18-19, with MFS Investment Management predicting that the central bank will keep rates unchanged amid expectations of strong inflation and wage growth.

Meanwhile, shares in Samsung SDI fell 7.21% after the company announced a 2 trillion won ($1.38 billion) share issuance to fund its joint venture with General Motors and expand manufacturing capacity in Hungary.

Asian currencies weaken

The Japanese yen depreciated 0.29% to 148.25 per US dollar, retreating from recent five-month highs.

The Korean won also weakened 0.15%, while the Australian dollar edged 0.1% lower.

Gold maintains gains amid trade and monetary policy uncertainties

Spot gold surged 0.14% overnight to a record $2,989.86 per ounce, driven by rising concerns over Trump’s trade policies and Fed rate cut bets.

As of Friday morning, prices hovered near $2,986.90 per ounce.

The post Asia markets update: Stocks climb despite Trump’s tariff threats and Wall Street sell-off appeared first on Invezz

Previous Post

Why is NHS England being scrapped?

Next Post

Injunction lifted on Trump executive orders slashing federal DEI support

Next Post
Injunction lifted on Trump executive orders slashing federal DEI support

Injunction lifted on Trump executive orders slashing federal DEI support

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    Starlink reportedly secures key licence in India, moves closer to launching services

    June 7, 2025
    US stocks surge at open: S&P up 0.9%, Dow jumps 400 points

    US stocks surge at open: S&P up 0.9%, Dow jumps 400 points

    June 7, 2025
    Goldman Sachs sees little upside for Tesla on falling sales volume

    Goldman Sachs sees little upside for Tesla on falling sales volume

    June 7, 2025
    Trump-Musk feud could end up helping Tesla stock, Tom Lee predicts

    Trump-Musk feud could end up helping Tesla stock, Tom Lee predicts

    June 7, 2025
    XRP whales buy $1.9 billion as price clings to $2.18 amid long-term selling

    XRP whales buy $1.9 billion as price clings to $2.18 amid long-term selling

    June 7, 2025
    Beyond tariffs: Lululemon stock’s bigger problem is growth fatigue at home

    Beyond tariffs: Lululemon stock’s bigger problem is growth fatigue at home

    June 7, 2025

    Disclaimer: EarningsMastery.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Popular

    Warren Buffett stepping down: analysts assess what it means for Berkshire stock and investors

    Warren Buffett stepping down: analysts assess what it means for Berkshire stock and investors

    May 6, 2025

    Latest

    Starlink reportedly secures key licence in India, moves closer to launching services

    June 7, 2025
    US stocks surge at open: S&P up 0.9%, Dow jumps 400 points

    US stocks surge at open: S&P up 0.9%, Dow jumps 400 points

    June 7, 2025
    Goldman Sachs sees little upside for Tesla on falling sales volume

    Goldman Sachs sees little upside for Tesla on falling sales volume

    June 7, 2025
    • About us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 earningsmastery.com | All Rights Reserved

    No Result
    View All Result
    • Politics
    • Business
    • Investing
    • World

    Copyright © 2025 earningsmastery.com | All Rights Reserved