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Tariff Fears Shake Up Asian Stock Markets
Tariff Fears Shake Up Asian Stock Markets
21 tháng 4 2025
On the morning of April 21, Asian stock markets showed mixed performances as investor concerns grew over US President Donald Trump's proposed tariffs and his escalating conflict with the Federal Reserve (Fed). Meanwhile, the US dollar weakened further, and gold prices surged to a new record high.
1. USD Weakens, Gold Hits Record High
The US dollar slipped against major currencies, including the Japanese yen and the euro. Investors turned to safe-haven assets, pushing gold prices to an all-time high of $3,384/oz, amid global economic uncertainty.
President Trump recently criticized Fed Chair Jerome Powell for warning that tariffs could spark temporary inflation and potentially delay any rate cuts—raising concerns over the Fed's independence.
2. Mixed Performances Across Asia
Tokyo’s Nikkei 225 dropped 1.2% to 34,300.35, affected by a stronger yen.
Shanghai Composite Index edged up 0.5% to 3,292.98.
Hong Kong remained closed for Easter holidays.
Taipei traded in negative territory.
Markets in Seoul, Singapore, Manila, and Jakarta saw moderate gains.
3. China Warns Against Trade Deals That Harm Its Interests
China issued a stern warning to nations negotiating with the US not to strike trade deals that undermine Chinese interests. While most countries face a general tariff rate of 10%, Chinese exports are bracing for duties as high as 245% on certain goods. In response, China has imposed 125% tariffs on US imports.
4. Impact on Vietnamese Market
In Vietnam, the VN-Index fell by 12.97 points (1.06%) to 1,206.15, while the HNX-Index slid 1.81 points (0.85%) to 211.29. These declines mirror the ripple effect of global market uncertainties on Southeast Asia.
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