Trump Tariffs Render Auto, Mexico-Exposed Stocks Big Asia Losers
  • February 2, 2025

Trump Tariffs Render Auto, Mexico-Exposed Stocks Big Asia Losers

(Bloomberg) -- Asian stocks reliant on exports, ranging from Japanese carmakers to Chinese e-commerce firms, nosedived after US President Donald Trump unleashed his first wave of tariffs, signaling the beginning of a new round of global trade war.Most Read from BloombergNew York’s First ‘Passive House’ School Is a Model of Downtown DensityWhen French Communists Went on a Brutalist Building BoomTrump Paves the Way to Deputize Local Police on ImmigrationHow the 2025 Catholic Jubilee Is Reshaping R

Chinese stocks in Hong Kong outperform peers as tech shares gain
  • February 2, 2025

Chinese stocks in Hong Kong outperform peers as tech shares gain

(Bloomberg) -- Chinese equities listed in Hong Kong outperformed their Asian peers as gains in tech heavyweights countered the negative impact of a new US tariff on China.Most Read from BloombergNew York’s First ‘Passive House’ School Is a Model of Downtown DensityWhen French Communists Went on a Brutalist Building BoomTrump Paves the Way to Deputize Local Police on ImmigrationHow the 2025 Catholic Jubilee Is Reshaping RomeHistoric London Elevator Faces Last Stop in Labour’s Housing PushThe Hang

AstraZeneca Stock Rally Will be Tested by Answers on China Probe
  • February 2, 2025

AstraZeneca Stock Rally Will be Tested by Answers on China Probe

(Bloomberg) -- A revival in AstraZeneca Plc shares faces a key test this week, with more likely to hinge on the drugmaker’s ability to address concerns over its business in China than on its earnings report alone.Most Read from BloombergNew York’s First ‘Passive House’ School Is a Model of Downtown DensityWhen French Communists Went on a Brutalist Building BoomTrump Paves the Way to Deputize Local Police on ImmigrationHow the 2025 Catholic Jubilee Is Reshaping RomeHistoric London Elevator Faces

Morning Bid: Trump tariff reality unnerves markets
  • February 2, 2025

Morning Bid: Trump tariff reality unnerves markets

Whatever investors expected from Donald Trump's tariff threats, or from the target countries' responses, they may have ended up with more than they bargained for. Equity indexes met with aggressive selling in Asia and looked headed for steep drops globally, based on futures prices for the U.S. S&P 500 and pan-European STOXX 50. Some investors had expected that Trump would water down his threat of 25% levies on neighbours Canada and Mexico, and possibly put off additional duties on China - or that, if the tariffs went ahead as stated, they would be quietly accepted.