Asian tech stocks fall as Trump doubles down on tariffs, keeping investors on edge
Written by Emily J. Thompson, Senior Investment Analyst
Source: Newsfilter
Market Reaction to Tariffs: Asian tech and semiconductor stocks, including Advantest and SK Hynix, experienced significant declines following U.S. President Trump's announcement of new tariffs on imports from Mexico, Canada, and China, with Advantest dropping to its lowest level since last October.
Impact on Chinese and Taiwanese Stocks: Chinese AI-linked stocks like Alibaba and Kingsoft Cloud fell sharply, while Taiwan Semiconductor Manufacturing Company also saw a decline after Trump's remarks about their investment in U.S. chip manufacturing.
Analyst Views on KC
About KC
Kingsoft Cloud Holdings Ltd is a company mainly engaged in the provision of independent cloud services. The Company’s modularized cloud products include unified infrastructure as a service (IaaS) infrastructure, platform as a service (PaaS) middleware, software as a service (SaaS) applications, artificial intelligence (AI) capabilities and deployment services. The Company’s cloud products primarily consist of cloud computing, storage and delivery. The Company also designs industry-specific solutions covering a wide spectrum of industry verticals, including Internet, public service, healthcare, financial service and enterprise service and others. The Company’s end-to-end customer services cover planning, solution development, fulfillment and deployment, as well as ongoing maintenance and upgrade. The Company conducts its businesses in the domestic and overseas markets.
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.
