Stock market today: Asian shares are mixed after tech-fueled gains on Wall Street
March 23, 2025

%3cdiv+class%3d%22blog_post_content_wrapper+layout_list%22%3e+%0a+%3cdiv%3e+%0a++%3cp%3e+HONG+KONG+(AP)+%e2%80%94+Asian+shares+were+mixed+Monday+after+gains+in+technology+stocks+snapped+Wall+Street%e2%80%99s+four-week+losing+streak.+%3c%2fp%3e+%0a++%3cp%3e+U.S.+stock+futures+advanced+as+investors+awaited+developments+on+U.S.+President+Donald+Trump%e2%80%99s+tariffs%2c+as+reports+suggested+he+may+narrow+his+broad+approach+to+focus+on+countries+that+run+significant+trade+surpluses+with+the+U.S.+That+includes+many+countries+in+Asia.+%3c%2fp%3e+%0a++%3cdiv+data-testid%3d%22inarticle-ad%22%3e+%0a+++%3cdiv+data-ad-loc%3d%22mid_center%22+data-ad-region%3d%22main-dynamic%22+data-ad-size%3d%22970x250%2c728x90%2c300x250%2cfluid%22+data-ad-unit%3d%22%2f22888152279%2fus%2fyfin%2fros%2fdt%2fus_yfin_ros_dt_mid_center%22+data-testid%3d%22ad-container%22%3e+%0a+++%3c%2fdiv%3e+%0a++%3c%2fdiv%3e+%0a++%3cp%3e+President+Donald+Trump+has+set+an+April+2+deadline+to+impose+more+tariffs+on+trading+partners.+It+follows+a+series+of+other+deadlines+that+have+been+set+for+tariffs+only+to+be+postponed%2c+sometimes+at+the+last+minute.+%3c%2fp%3e+%0a++%3cp%3e+Chinese+Premier+Li+Qiang+struck+a+conciliatory+tone+during+a+meeting+with+business+leaders+and+U.S.+Senator+Steve+Daines%2c+a+strong+supporter+of+President+Donald+Trump%2c+who+is+the+first+member+of+Congress+to+visit+Beijing+since+Trump+took+office+in+January.+%3c%2fp%3e+%0a++%3cp%3e+Relations+between+the+countries+%e2%80%9chave+come+to+an+important+juncture%2c%e2%80%9d+Li+said.+%e2%80%9cOur+two+sides+need+to+choose+dialogue+over+confrontation%2c+win-win+cooperation+over+zero-sum+competition%2c%e2%80%9d+he+said%2c+adding+that+China+hoped+that+the+U.S.+would+work+together+to+promote+the+steady+and+sustainable+development+of+the+China-U.S.+relations.+%3c%2fp%3e+%0a++%3cdiv+data-testid%3d%22inarticle-ad%22%3e+%0a+++%3cdiv+data-ad-loc%3d%22mid_center_2%22+data-ad-region%3d%22main-dynamic%22+data-ad-size%3d%22970x250%2c728x90%2c300x250%22+data-ad-unit%3d%22%2f22888152279%2fus%2fyfin%2fros%2fdt%2fus_yfin_ros_dt_mid_center%22+data-testid%3d%22ad-container%22%3e+%0a+++%3c%2fdiv%3e+%0a++%3c%2fdiv%3e+%0a++%3cp%3e+The+meeting+also+involved+the+leaders+of+several+American+businesses%2c+including+FedEx+Corp.+CEO+Raj+Subramaniam%2c+Boeing+Co.%e2%80%99s+senior+vice+president+Brendan+Nelson%2c+Qualcomm%e2%80%99s+CEO+Cristiano+Amon+and+Pfizer%e2%80%99s+CEO+Albert+Bourla.+%3c%2fp%3e+%0a++%3cp%3e+%e2%80%9cIn+recent+days%2c+Trump+administration+officials+have+signaled+that+the+list+of+affected+countries+may+not+be+universal%2c+and+existing+tariffs+%e2%80%94+such+as+those+on+steel+%e2%80%94+may+not+necessarily+be+cumulative%2c%e2%80%9d+Junrong+Yeap+of+IG+said+in+a+commentary%2c+adding+that+%2c+%e2%80%9coptimism+has+surfaced+that+Trump%e2%80%99s+tariff+plans+may+once+again+be+more+bark+than+bite.%e2%80%9d+%3c%2fp%3e+%0a++%3cdiv+data-testid%3d%22inarticle-ad%22%3e+%0a+++%3cdiv+data-ad-loc%3d%22mid_center_3%22+data-ad-region%3d%22main-dynamic%22+data-ad-size%3d%22970x250%2c728x90%2c300x250%22+data-ad-unit%3d%22%2f22888152279%2fus%2fyfin%2fros%2fdt%2fus_yfin_ros_dt_mid_center%22+data-testid%3d%22ad-container%22%3e+%0a+++%3c%2fdiv%3e+%0a++%3c%2fdiv%3e+%0a++%3cp%3e+Hong+Kong%27s+Hang+Seng+gained+0.4%25+to+23%2c787.71%2c+and+the+Shanghai+Composite+Index+rose+0.2%25+to+3%2c370.03.+%3c%2fp%3e+%0a++%3cp%3e+In+Tokyo%2c+the+Nikkei+225+edged+0.2%25+lower+to+37%2c608.49+after+a+preliminary+report+on+manufacturing+showed+output+falling+at+its+fastest+pace+in+a+year%2c+while+new+orders+fell+more+quickly.+%3c%2fp%3e+%0a++%3cp%3e+Australia%27s+S%26amp%3bP%2fASX+200+added+1%25%2c+closing+at+7%2c936.90%2c+while+Korea%27s+Kospi+lost+0.4%25+to+2%2c632.07.+%3c%2fp%3e+%0a++%3cp%3e+Taiwan%27s+Taiex+declined+0.4%25+while+the+Sensex+in+India+was+up+1.3%25.+%3c%2fp%3e+%0a++%3cp%3e+On+Friday%2c+the+S%26amp%3bP+500+edged+up+0.1%25+to+5%2c667.56%2c+finishing+with+a+0.5%25+weekly+gain.+It%e2%80%99s+still+down+4.8%25+so+far+this+month.+%3c%2fp%3e+%0a++%3cdiv+data-testid%3d%22inarticle-ad%22%3e+%0a+++%3cdiv+data-ad-loc%3d%22mid_center_4%22+data-ad-region%3d%22main-dynamic%22+data-ad-size%3d%22970x250%2c728x90%2c300x250%22+data-ad-unit%3d%22%2f22888152279%2fus%2fyfin%2fros%2fdt%2fus_yfin_ros_dt_mid_center%22+data-testid%3d%22ad-container%22%3e+%0a+++%3c%2fdiv%3e+%0a++%3c%2fdiv%3e+%0a++%3cp%3e+The+Dow+Jones+Industrial+Average+eked+out+a+0.1%25+gain+to+41%2c985.35%2c+while+the+Nasdaq+composite+rose+0.5%25+to+17%2c784.05.+%3c%2fp%3e+%0a++%3cp%3e+Technology+stocks+bounced+back+to+offset+a+big+share+of+the+declines+elsewhere+in+the+S%26amp%3bP+500.+The+sector+has+been+at+the+center+of+much+of+the+market%27s+recent+sell-off+in+a+reversal+from+their+market-driving+gains+throughout+the+previous+year.+The+stocks+are+among+the+most+valuable+on+Wall+Street+and+have+outsized+impacts+on+whether+the+market+gains+or+loses+ground.+%3c%2fp%3e+%0a+%3c%2fdiv%3e+%0a+%3cdiv+data-testid%3d%22read-more%22%3e+%0a++%3cp%3e+Apple+rose+about+2%25+and+Microsoft+added+1.1%25.+Another+Big+Tech+stock%2c+Nvidia%2c+fell+0.7%25%2c+while+Micron+Technology+slid+8%25+for+the+biggest+decline+among+S%26amp%3bP+500+stocks.+%3c%2fp%3e+%0a++%3cp%3e+Stocks+have+been+losing+ground+for+weeks+over+uncertainty+about+the+direction+of+the+U.S.+economy.+A+trade+war+between+the+U.S.+and+its+key+trading+partners+threatens+to+worsen+inflation+and+hurt+both+consumers+and+businesses.+Inflation+remains+stubbornly+above+the+Federal+Reserve%27s+goal+of+2%25+and+tariffs+could+hurt+the+central+bank%27s+efforts+to+ease+the+rate+of+inflation.+%3c%2fp%3e+%0a++%3cdiv+data-testid%3d%22inarticle-ad%22%3e+%0a+++%3cdiv+data-ad-loc%3d%22mid_center_5%22+data-ad-region%3d%22main-dynamic%22+data-ad-size%3d%22970x250%2c728x90%2c300x250%22+data-ad-unit%3d%22%2f22888152279%2fus%2fyfin%2fros%2fdt%2fus_yfin_ros_dt_mid_center%22+data-testid%3d%22ad-container%22%3e+%0a+++%3c%2fdiv%3e+%0a++%3c%2fdiv%3e+%0a++%3cp%3e+A+recent+batch+of+economic+reports+on+home+sales+%2c+industrial+production+and+unemployment+reinforced+the+view+that+the+economy+is+holding+strong.+But+other+reports+on+consumer+sentiment+and+retail+sales+have+revealed+rising+caution+from+consumers.+%3c%2fp%3e+%0a++%3cp%3e+Businesses+have+been+warning+investors+about+tariffs%2c+inflation+and+growing+uncertainty+about+the+impact+to+costs.+%3c%2fp%3e+%0a++%3cp%3e+Homebuilder+Lennar+fell+4%25+after+giving+investors+a+weaker-than-expected+forecast+for+new+orders+and+average+sales+prices+for+the+current+quarter.+It+said+high+interest+rates+%2c+inflation%2c+and+waning+consumer+confidence+are+weighing+on+an+already+tough+housing+market.+%3c%2fp%3e+%0a++%3cp%3e+In+other+dealings+Monday%2c+U.S.+benchmark+crude+oil+edged+1+cent+higher+to+%2468.29+per+barrel+in+electronic+trading+on+the+New+York+Mercantile+Exchange.+%3c%2fp%3e+%0a++%3cp%3e+Brent+crude%2c+the+international+standard%2c+dropped+3+cents+to+%2471.13+per+barrel.+%3c%2fp%3e+%0a++%3cp%3e+The+U.S.+dollar+rose+to+149.76+Japanese+yen+from+149.37+yen.+The+euro+inched+up+to+%241.0845+from+%241.0816.+%3c%2fp%3e+%0a+%3c%2fdiv%3e+%0a%3c%2fdiv%3e