-Most Asian markets rose on Tuesday, driven by a tech rally in the US, with Tokyo up by 2%, and other markets like Shanghai, Sydney, and Mumbai also seeing increases. However, Hong Kong retreated due to losses in tech stocks like Tencent.
-The rally on Wall Street, particularly strong performances from tech companies like Nvidia and Foxconn, fueled optimism in the semiconductor sector and contributed to the rise in Asian markets.
-US President Trumpās tariff policy is causing market uncertainty, with speculation that it may become more targeted in certain sectors, a change from his previous broad approach. However, Trump denied the report, calling it “Fake News.”
-Economic concerns grow that Trumpās proposed fiscal policies, including tariffs and tax cuts, could reignite inflation, putting pressure on the Federal Reserve to maintain higher borrowing costs for longer.
-Investors are awaiting Fridayās US non-farm payroll report, which could offer insights into the Federal Reserveās plans for interest rates after its recent shift toward a more hawkish stance.
Peoplesmind
