Asian Markets React to US Tariffs

On Thursday, Asia-Pacific markets experienced a mostly downward trend as investors assessed the impact of US tariffs on imports from Europe, Mexico, and Canada. The tariffs on EU goods are set at a 25% rate, while those on Mexico and Canada have been postponed until April 2.

Nvidia's Earnings Surge

Meanwhile, Nvidia's impressive earnings report continued to influence the markets. The company announced a 78% annual revenue increase to $39.3 billion in the fourth quarter, exceeding expectations.

Market Movements

Japan's Nikkei 225 saw a slight increase of 0.27%, while South Korea's Kospi fell by 0.87%. Hong Kong's Hang Seng decreased by 0.10%, and in mainland China, the Shanghai Composite traded 0.12% lower, with the Shenzhen Composite dropping 0.72%. Australia's S&P/ASX 200 closed with a 0.33% increase.

The dollar strengthened against the Japanese yen, selling for 149.3100 at 7:15 am CET.