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Asia stocks slide on Trump tariff jitters; HK sinks as AI momentum fades


Published on 2025-02-20 03:01:09 - Investing
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  • U.S. stock index futures fell in Asian trade after President Donald Trump said his next round of tariffs- 25% duties on automobiles, pharmaceuticals, and semiconductors- will come within the next month. Trump also flagged duties on lumber imports.

The article from Investing.com discusses the downturn in Asian stock markets, primarily driven by concerns over potential new tariffs from the Trump administration. Investors are reacting to the possibility of increased trade tensions between the U.S. and China, which could further strain global economic growth. Specifically, Hong Kong's stock market experienced significant declines, exacerbated by fading momentum in artificial intelligence (AI) stocks, which had previously been a bright spot in the market. The broader market sentiment was also affected by a lack of positive developments in U.S.-China trade negotiations, leading to a cautious approach among investors. Additionally, the article mentions that other regional markets like Japan and South Korea also saw declines, reflecting a widespread impact from the tariff jitters.

Read the Full Investing Article at:
[ https://uk.investing.com/news/stock-market-news/asia-stocks-slide-on-trump-tariff-jitters-hk-sinks-as-ai-momentum-fades-3934013 ]