MARKET UPDATE

Asia-Pacific Markets Track Wall Street Declines as Trump Unveils Tariffs on Auto Imports

Asia-Pacific markets fell Thursday, tracking losses on Wall Street as investors weighed U.S. President Donald Trump's 25% tariffs on auto imports.

Japan's benchmark Nikkei 225 was down 1.14% lower while the broader Topix index lost 0.70%.

Over in South Korea, the Kospi index declined 0.95% while the small-cap Kosdaq fell 0.54%.

Hong Kong's Hang Seng Index rose 0.19% while mainland China's CSI 300 started the day 0.25% lower.

Australia's S&P/ASX 200 was down 0.57%.

U.S. futures edged down after the three key Wall Street indexes logged losses overnight.

The S&P 500 lost 1.12% and ended at 5,712.20, while the Dow Jones Industrial Average fell 132.71 points, or 0.31%, to close at 42,454.79. The tech-heavy Nasdaq Composite shed 2.04% and closed at 17,899.01, as Nvidia shares dropped nearly 6%.

Major tech names such as Meta Platforms and Amazon dropped more than 2%, while Alphabet lost more than 3%. Tesla slid more than 5%.

Source : CNBC

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