Asia stocks jump as Trump delays auto tariffs; HK shares surge on China stimulus By Investing.com
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 06 2025
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Source: Investing.com
Market Reactions to Tariff Changes: Asian stocks surged, particularly in Hong Kong, following President Trump's delay of 25% auto tariffs on Mexico and Canada, which alleviated immediate trade war concerns. The U.S. stock market also rose in anticipation of potential tariff negotiations.
China's Economic Stimulus: China announced new fiscal stimulus measures aimed at boosting its economy, including a focus on domestic consumption and technological innovation, particularly in AI. This has positively impacted investor confidence and led to significant gains in Chinese tech stocks.
Analyst Views on PSI
Wall Street analysts forecast PSI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PSI is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 95.300
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Current: 95.300
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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.
