🚨 Morning Market Update | 04.03.2025 🚨

📉 Asian Markets Plunge as Trump's Tariffs Take Effect

Asian stocks tumbled on Tuesday as Trump’s tariffs hit global trade.

📌 Japan 🇯🇵: Nikkei 225 -1.9%, TOPIX -1.3%

📌 Hong Kong 🇭🇰: Hang Seng -1.4%

📌 Indonesia 🇮🇩: JSX -1.1%

📌 Singapore 🇸🇬: STI -0.4%

📌 Australia 🇦🇺: S&P/ASX 200 -0.9%

📌 South Korea 🇰🇷: KOSPI flat after holiday

🔻 The selloff follows Wall Street’s overnight drop as tariffs fueled investor fears.

⚠️ Trump’s Tariffs Kick In 🇺🇸

📌 25% duties on imports from Mexico 🇲🇽 & Canada 🇨🇦

📌 Tariffs on China 🇨🇳 doubled from 10% to 20%

🔹 Nearly $2.2 trillion in trade impacted

🔹 The U.S. blames partners for failing to curb fentanyl flows

🔥 China Strikes Back! 🇨🇳

📌 10-15% tariffs on U.S. 🇺🇸 soybeans, corn, wheat, beef, dairy (from March 10)

📌 15 U.S. firms added to China’s "unreliable entities" list

📌 Export controls on 10 American companies

🗣️ Beijing: "U.S. is shifting blame for fentanyl crisis"

🇨🇦 Canada Retaliates Hard

📌 C$30B ($20.7B) in tariffs on U.S. goods immediately

📌 More C$125B in tariffs if no resolution in 21 days

📌 Ontario threatens to cut off nickel & electricity exports to the U.S.

🗣️ Trudeau: "This disrupts a successful trade partnership & violates USMCA"

📊 China's "Two Sessions" Begin

🛠️ Economic outlook: 5% GDP growth target expected

💰 Deficit forecast: 4% of GDP

🔍 Investors are watching for stimulus measures amid trade tensions

📈 Australia’s Retail Sales Rebound 🇦🇺

🍽️ +0.3% in January after -0.1% dip in December

📊 Growth driven by spending in cafes, restaurants & takeaways

🏦 RBA rate cut (4.35% ➝ 4.10%) due to slower inflation & wage growth

🛢️ Oil Hits 3-Month Lows

📉 Brent -0.8% to $71.07 🔽

📉 WTI -1.1% to $67.64 🔽

⛽ OPEC+ confirms April production hikes, adding pressure on prices

🚀 Bitcoin Crashes Below $84K! 📉💥

💰 Bitcoin -10.2% to $83,950

📉 Ethereum -14% to $2,100

📉 XRP -16.1%, Solana -18.9%

❌ Hopes for Trump’s crypto reserve plan faded as details remained unclear

⚠️ Risk-off sentiment grows amid trade war fears

📡 Stay tuned for more updates! 📲📊