BANGKOK (AP) – The retreat in Asia on Friday, with benchmarks in Japan, Hong Kong and South Korea down more than 2% as Wall Street indexes harshly doubts about artificial intelligence technology.
President Donald Trump decided to impose 25% of imports from Mexico and Canada and doubled the tax rate on Chinese products, causing investors to roll up.
Tokyo’s Nikkei 225 index lost 3.4% to 36,939.89, lowered as technology company stock prices fell. The most beneficial thing for computer chip testing equipment manufacturers was 9.4%, Disco, another equipment manufacturer, lost 11.1%, and Tokyo Electronic Shed reduced 5.3%.
Hong Kong’s Hang Seng Index lost 2.3% to 23,175.49, while Shanghai Composite Index lost 0.9% to 3,358.28.
Kospi in South Korea fell 3.2% to 2,538.07.
In Australia, the S&P/ASX 200 has dropped by 1.1% to 8,174.10.
On Thursday, the S&P 500 fell 1.6% to 5,861.57, while the Dow Jones industrial average fell 0.4% to 43,239.50. Nasdaq Composite fell 2.8% to 18,544.42.
After setting an all-time high last week, the S&P 500 has fallen five out of the past six trades. Concerns about the U.S. economic outlook have been falling largely, including concerns about how tariffs can worsen inflation and massive layoffs by government workers may increase unemployment.
Superstar Stock Nvidia is one of Wall Street’s most influential companies, leading the market for many years, initially gaining 8.5% in the trading open after a profit report that exceeded expectations.
For NVIDIA, earnings reports are more than expected revenue reports have become routine, and their chips are powering artificial intelligence technologies, but this is the first of the company, as China’s DeepSeek shocked the entire AI industry because it has large language models that can compete with the world’s best chips without using the most expensive ones.
Berkshire Hathaway, a company run by well-known investor Warren Buffett, is one of the most powerful upward forces on the index. Owners of GEICO, BNSF Railway and other businesses have recently built a hoard with unused cash. This may indicate that Buffett, known for buying stocks when it is low, may not see the value in a market that critics say looks too expensive.
The Treasury Department has had waste after Trump’s latest announcement of tariffs. “The proposed tariffs, which are scheduled to take effect for the fourth time in March, will take effect for the fourth time in March,” he said. He also said he will increase the tariffs by 10% on current 10% on Chinese products.
