Asia-Pacific Markets Respond to US Tariffs and Nvidia Earnings

Investors in Asia-Pacific markets are closely monitoring the impact of new US tariffs on European, Mexican, and Canadian imports, with tariffs on EU goods set at 25% and those on Mexico and Canada delayed until April 2. Meanwhile, Nvidia's impressive earnings report, showcasing a 78% annual revenue surge to $39.3 billion in the fourth quarter, continues to influence market sentiments.

Market Movements Across Asia

Japan's Nikkei 225 saw a slight increase, while South Korea's Kospi and Hong Kong's Hang Seng experienced losses. Mainland China's Shanghai Composite and Shenzhen Composite also traded lower, whereas Australia's S&P/ASX 200 closed with gains. The dollar strengthened against the Japanese yen, reflecting the dynamic shifts in the market landscape.