Most Asian stocks retreated on Wednesday as ersistent uncertainty over U.S. trade tariffs left investors wary of risk-driven markets, while technology shares were rattled by a warning from AI major Nvidia.
Hong Kong-listed Chinese internet stocks were the worst performers in the region, as more U.S. controls on chip exports to China raised questions over their artificial intelligence prospects.
Investors largely looked past stronger-than-expected gross domestic product data for the first quarter. GDP data for the coming quarters is expected to reflect the impact of a bitter trade war with the United States.
Broader regional markets took a weak lead-in from Wall Street, which closed slightly lower on Tuesday as trade and economic uncertainty remained in play. U.S. stock index futures slid in Asian trade, with NQM25 dropping 1.4% after Nvidia’s warning
#NVDA +1.35% #AUS200+0.22%