Market Highlights π‘ - 26 March 2025
Global Markets Mixed as Investors Assess Trump's Tariff Policies
πΊπΈ S&P 500 Index: +0.16% π
πΊπΈ Nasdaq Index: +0.46% π
πͺπΊ Stoxx 600 Index: +0.67% π
π―π΅ Nikkei 225 Index: +0.46% π
ππ° Hang Seng Index: -2.35% π
π¨π³ CSI 300 Index: -0.06% π
πΈπ¬ Straits Times Index: +0.46% π
US stock markets closed higher, with the S&P 500 and Nasdaq rising 0.1% and 0.5%, respectively, as expectations grew that US tariff policies might be eased.
The Hang Seng Index dropped -2.3% as investors reacted to US President Trump's tariff threats. The technology sector was the worst performer, dragging the market down.
Upcoming Events
Wednesday: US Core Durable Goods Orders MoM and Durable Goods Orders MoM
Thursday: US Final GDP Growth Rate and Initial Jobless Claims
Friday: Japan Housing Starts YoY and US Core PCE Price Index MoM, along with Personal Income and Spending MoM
Key Developments Today
1. As the US prepares to launch a controversial global AI regulatory framework, senior diplomats and major tech firms are urging the Trump administration to reconsider its global semiconductor strategy.
AI Regulatory
2. Alibaba $Alibaba(09988)$ $Alibaba(BABA)$ Chairman Joe Tsai has warned of a potential bubble in data center construction, suggesting that the current expansion rate may exceed the initial demand for AI services.
Joe Tsai
3. Chinese tech stocks have fallen from a three-year high to the brink of correction within five trading days, mainly due to lackluster earnings and Xiaomi's $XIAOMI-W(01810)$
Xiaomi share placement
4. The Indonesian rupiah has weakened to its lowest level since 1998, prompting central bank intervention to stabilize the currency.
Weak Rupiah
5. JPMorgan analysts note that European bank stocks have risen 27% this year but still have room for further gains, as the banking sector continues to benefit from a high-interest rate environment.
European bank
Key Takeaway
Investor, consumer, and business confidence continues to weaken, as economic concerns and policy ucertainty put pressure on market sentiment.
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