Asian stocks were poised to track US losses that dragged the Nasdaq 100 to its worst day since 2022, as anxiety mounts that tariffs and government firings will torpedo growth in the world’s largest economy.
Stocks rose late in the day after President Trump dismissed recession concerns and downplayed trade war anxieties. However, broader market trends showed a mixed picture with indices like the S&P 500 and Dow Jones Industrial Average ultimately finishing lower. Analysts cite Trump's tariffs as a concern, and emphasize the need for policy clarity to stabilize markets.