{"id":69415,"date":"2025-03-04T18:10:32","date_gmt":"2025-03-04T07:10:32","guid":{"rendered":"https:\/\/www.icmarkets-vni.com\/blog\/?p=69415"},"modified":"2025-08-06T15:32:09","modified_gmt":"2025-08-06T05:32:09","slug":"tuesday-4th-march-2025-asian-markets-tumble-as-u-s-confirms-tariffs-on-mexico-and-canada","status":"publish","type":"post","link":"https:\/\/www.icmarkets-vnk.com\/blog\/tuesday-4th-march-2025-asian-markets-tumble-as-u-s-confirms-tariffs-on-mexico-and-canada\/","title":{"rendered":"Tuesday 4th March 2025: Asian Markets Tumble as U.S. Confirms Tariffs on Mexico and Canada"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><br \/><br \/>Global Markets:<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>&nbsp;Asian Stock Markets : Nikkei down 1.47%, Shanghai Composite up 0.13%, Hang Seng down 0.21% ASX down 0.58%<\/li>\n\n\n\n<li>Commodities : Gold at $2899.35 (-0.19%), Silver at $31.25 (0.18%), Brent Oil at $71.37 (-0.85%), WTI Oil at $67.88 (-0.48%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.153, UK 10-year yield at 4.5595, Germany 10-year yield at 2.4910<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">News &amp; Data:<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>(USD) ISM Manufacturing PMI 50.3&nbsp; to 50.6 expected<\/li>\n\n\n\n<li>(USD) ISM Manufacturing Prices 62.4&nbsp; to 56.2 expected<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Markets Update:<\/h3>\n\n\n\n<p>Japanese stocks led declines in Asia-Pacific markets, falling nearly 2% after U.S. President Donald Trump confirmed that tariffs on Mexico and Canada would proceed as planned. The Nikkei 225 dropped 1.71%, while the Topix index lost 1.03%. Japan\u2019s employment rate for January stood at 2.5%, slightly above the estimated 2.4%.<\/p>\n\n\n\n<p>In South Korea, the Kospi index remained flat in choppy trade, while the Kosdaq fell 0.92%. The country\u2019s retail sales declined 0.6% in January after a revised 0.2% increase in December. Hong Kong\u2019s Hang Seng index dipped 0.18%, while China\u2019s CSI 300 fell 0.17% ahead of the country\u2019s \u201cTwo Sessions\u201d parliamentary meeting.<\/p>\n\n\n\n<p>Australia\u2019s S&amp;P\/ASX 200 closed 0.58% lower at 8,198.10. The country\u2019s retail sales grew 0.3% in January, aligning with forecasts, after a 0.1% decline in December. Meanwhile, India\u2019s Nifty 50 dropped 0.25%, and the BSE Sensex lost 0.21%, reflecting broader market weakness in the region.<\/p>\n\n\n\n<p>In the U.S., all three major indexes fell as Trump reaffirmed that 25% tariffs on Mexican and Canadian imports would take effect Tuesday. The S&amp;P 500 dropped 1.76% to 5,849.72, marking its worst day since December. The Dow Jones Industrial Average declined 649.67 points (1.48%) to 43,191.24, while the Nasdaq Composite slid 2.64% to 18,350.19, weighed down by an 8% decline in Nvidia stock.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Upcoming Events:&nbsp;<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>10:00 AM GMT &#8211; EUR Unemployment Rate<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: Japanese stocks led declines [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":68121,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[196,215,339],"tags":[],"class_list":["post-69415","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fundamental-analysis","category-market-analysis","category-recent-posts"],"_links":{"self":[{"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/posts\/69415","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/comments?post=69415"}],"version-history":[{"count":2,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/posts\/69415\/revisions"}],"predecessor-version":[{"id":69423,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/posts\/69415\/revisions\/69423"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/media\/68121"}],"wp:attachment":[{"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/media?parent=69415"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/categories?post=69415"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/tags?post=69415"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}