Asian Markets Slip as AI Spending Fears Shake Tech, Wall Street Futures Rebound 
Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off 
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off 
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns 
U.S. Stock Futures Edge Higher as Tech Rout Deepens on AI Concerns and Earnings 
Australia’s December Trade Surplus Expands but Falls Short of Expectations 
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility 
Gold and Silver Prices Slide as Dollar Strength and Easing Tensions Weigh on Metals 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
Oil Prices Slip as U.S.–Iran Talks Ease Supply Disruption Fears 
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm 
U.S. stocks closed mixed Tuesday as tech stocks rallied ahead of President Donald Trump’s upcoming tariff announcement. The S&P 500 climbed 0.4%, the NASDAQ rose 0.9%, while the Dow Jones Industrial Average dipped 11 points.
Despite Tuesday’s gains, major indexes posted losses in Q1 2025. The S&P 500 dropped nearly 5%, the NASDAQ plunged over 10%, and the Dow fell about 2%.
President Trump is expected to unveil sweeping reciprocal tariffs at 3:00 p.m. ET on April 2, effective immediately. These may include a flat 20% tariff, a tiered system, or country-specific rates. The move, dubbed “Liberation Day,” includes a 25% tariff on auto imports starting April 3 and ends duty-free exemptions for small packages from China. Goldman Sachs raised its U.S. recession risk to 35%, citing the potential economic hit from tariffs and a projected 15% average tariff rate.
Economic data reinforced investor caution. February’s JOLTS report showed job openings fell to 7.568 million, slightly below expectations and down nearly 900,000 year-over-year. Meanwhile, the ISM Manufacturing Index declined to 49.0 in March, signaling contraction and hitting a four-month low.
Tech stocks led the market, with Tesla gaining 3% ahead of its Q1 delivery update. Analysts expect weak results due to cooling demand, rising competition, and CEO Elon Musk’s political ties to Trump. Brand issues and delays in new model rollouts also weighed on sentiment.
In earnings news, PVH surged 18% after beating Q4 estimates, while Progress Software jumped over 12% on strong results and guidance. Johnson & Johnson dropped 7.6% after a judge blocked its $10B talc settlement plan. Newly public Newsmax soared 183% on Tuesday, continuing its meme stock momentum after a 735% debut.
