NVIDIA Fails To Impress Traders – Asia Market Wrap
Asian equities declined Thursday as investors parsed :he latest tariff announcements from US President Donald Trump and earnings from NVIDIA failed to impress.
Equity gauges in China and technology stocks in Hong Kong fell while 10-year Treasury yields inched higher. European equity index futures declined as much as 0.9% after Trump said that his administration would impose tariffs of 25% on the European Union. The president also said that previously announced levies on Mexico and Canada would come into force on April 2.
Trump’s comments were at times contradictory and sowing confusion as the tariffs on US neighbors were to take effect from next month. NVIDIA shares fell in after-hours trading as the chipmaker delivered good-but-not-great quarterly numbers, leaving investors – who have become accustomed to blowout results – disappointed.
In Asia, the yen traded around 149 per dollar after ending Wednesday’s session little changed. Japan’s top currency official on Wednesday indicated he had no issue with growing market expectations over Bank of Japan interest-rate hikes, which this week helped send the yen to a four-month high.
