Asia markets mostly in red, mirroring Wall Street losses amid global tariff uncertainty
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 12 2025
0mins
Source: SeekingAlpha
Market Reactions: Asia-Pacific markets mostly declined on Wednesday, influenced by Wall Street's drop due to global tariff uncertainties, particularly following President Trump's threats regarding tariffs on steel and aluminum. Japan saw a slight rise in its indices, while Australia hit a seven-month low amid concerns over U.S. tariffs.
Economic Developments: Japan's producer prices rose 4% year-on-year, marking ongoing inflation, while major companies like Toyota and Hitachi announced significant wage increases to combat rising costs. In China, the conclusion of the annual parliamentary meetings led to policy anticipation, and India's traders awaited inflation data amidst a slight market decline.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
