US EditionAsian shares recover after Wall St gains, as markets waver under the threat of more tariffs
- On Tuesday, Asian shares were mostly higher, with gold rising to $3,172.80 per ounce and Tokyo's Nikkei 225 reaching 35,663.86 after edging 0.1% higher.
- Market volatility stemmed from President Trump's upcoming 'Liberation Day' on Wednesday, where new tariffs are expected, causing worldwide market swings and prompting concerns about their potential effects.
- The S&P 500 and Dow Jones Industrial Average climbed on Monday, while the Nasdaq composite slipped, pulled down by slides in Tesla, Nvidia, and other Big Tech stocks, with Tesla's annual loss reaching 35.8%.
- Trump's reciprocal tariffs, expected to average 15%, are intended to bring manufacturing jobs back to the U.S. By tailoring tariffs to match the perceived burden countries place on the U.S., including value-added taxes, but the specifics remain largely unknown.
- Goldman Sachs economists have raised their forecast for inflation and lowered their forecast for U.S. Economic growth, now estimating a 35% chance of recession in the next year, up from 20%, reflecting lower growth forecasts, falling confidence, and a willingness to tolerate economic pain, according to economist David Mericle.
36 Articles
36 Articles
Asian stock markets edge up but Trump tariff fears dampen mood
HONG KONG: Asian and European markets squeezed out gains on Tuesday (Apr 1), clawing back some of their recent hefty losses, though sluggish sentiment and increased uncertainty saw gold hit another record high as Donald Trump prepares to unveil
Associated Press News
Asian shares recover after Wall St gains, as markets waver under the threat of more tariffs
Asian shares are mostly higher after U.S. stocks swayed higher. President Donald Trump’s fast-approaching “Liberation Day” Wednesday has sent stock markets swinging sharply worldwide.
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Wall Street edges higher after worst month since 2022
The ASX looks set to rise after a recovery on Wall Street, ahead of the Reserve Bank's interest rate decision. It follows a volatile night for global markets, with heavy falls in Europe as traders await Trump's tariff reveal. Follow the day's events and insights from our business reporters on the ABC News live markets blog.
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