Tesla (TSLA) +2% Tesla shares bounced after a rough Monday, despite being down 36% in Q1 — the worst Q1 in company history. Investors are now eyeing its Q1 delivery report due Wednesday, with Street estimates hovering around 380,000 units . Analysts have been revising expectations lower amid backlash over Elon Musk’s role in Trump’s administration. Chinese EV Makers Up XPeng (XPEV) +1.6% : Delivered 33,205 vehicles in March — its fifth straight 30k+ month. NIO (NIO) +1.6% and Li Auto (LI) +1.4% also gained on strong March deliveries. Nvidia (NVDA) -0.6% Still under pressure after a 19.3% Q1 drop , its worst since 2022. Investor worries over AI spending, tech valuation, and trade tensions are weighing heavily. Johnson & Johnson (JNJ) -5% Fell after a Texas judge dismissed J&J’s third bankruptcy attempt to settle talc-related lawsuits via Chapter 11. PVH Corp (PVH) +18.9% Shares surged after Q4 earnings beat expectations ...
Asian Stocks Post Modest Gains Amid Uncertainty; Investors Eye Global Growth Concerns and Tariff Talks
Key Takeaways:
Asian Stocks Edge Up: After a three-day decline, Asian equities rebounded modestly on Wednesday, as investors looked for a clear direction amidst global economic uncertainty. Major markets like Sydney, Tokyo, and Hong Kong posted gains, with the MSCI Asia Pacific Index rising.
U.S. Economic Data Adds to Concerns: Despite a 0.2% increase in the S&P 500, weaker consumer confidence in the U.S. raised concerns about potential growth slowdowns. A surge in U.S. copper prices indicated strong demand, but broader concerns over inflation risks from Trump’s tariffs remained prevalent.
Geopolitical Tensions: Investors are grappling with rising geopolitical risks, notably related to U.S.-China trade policies and Russian involvement in the Black Sea ceasefire. U.S. President Donald Trump’s upcoming “Liberation Day” tariff announcement on April 2 is stirring unease, while market participants anticipate the impact of reciprocal tariffs between the U.S. and its allies.
Chinese Market Volatility: Chinese stocks took a breather after a strong rally, with recent AI advancementsfueling optimism, though some Wall Street analysts remain bullish about future growth. While Chinese technology stocks saw a cool-down, strategists from Morgan Stanley and Goldman Sachs foresee continued upside potential for Chinese markets as earnings revisions improve.
Rising Risks to Consumer Sentiment: A drop in consumer confidence, driven by fears of inflation and stagflation, is evident. Surveys show a rise in those expecting lower stock prices, highlighting the fragility of investor sentiment amid ongoing tariff uncertainty and economic policy concerns.
Market Movements:
S&P 500 futures edged up 0.1%, signaling modest optimism in U.S. equities.
Hang Seng futures and Japan’s Topix rose 0.6% and 0.3%, respectively.
The Australian S&P/ASX 200 gained 0.8%, indicating positive momentum.
Cryptocurrency prices saw small changes, with Bitcoin falling by 0.2% and Ether gaining 0.2%.
Commodities & Bonds:
Oil prices rose 0.3% to $69.22 per barrel after a report showed a decrease in U.S. inventories.
Gold remained near its record high but dipped slightly by 0.1%.
U.S. Treasury yields edged up to 4.33%, while other global bond yields saw minimal changes.
Outlook: As U.S. tariffs and geopolitical risks remain key concerns, investors will continue to monitor economic data and global trade policies closely. While Chinese stocks show signs of volatility, ongoing AI innovations and government support keep the outlook cautiously optimistic.
Comments
Post a Comment