Stock futures indicated a subdued opening for Wall Street on Tuesday as markets braced for the potential impact of more stringent U.S. trade controls on Beijing and awaited quarterly earnings from AI-chip leader Nvidia.
The US next week will impose an additional 10% tariff on imports from China over its role in the fentanyl trade, President Trump said.
Home prices in major Chinese cities continued to slightly narrow their declines in January, suggesting that Beijing’s policy blitz has helped stabilize the beleaguered real-estate sector.
Asian shares are mixed, with Chinese markets gaining after Wall Street extended its losses on worries over inflation and tariffs
E-commerce giant Alibaba soared nearly 6 percent intraday, while technology major Tencent Holdings gained 4 percent.
The tech giant said rules disadvantaged allies, including India, Switzerland and Israel, and limited the ability of U.S. tech companies to expand.
Baidu Q4 beats top-line and bottom-line estimates. Southwest expands cost-cutting by announcing 15% reduction in corporate overhead workforce. OpenAI said to mull special voting rights.
Asia-Pacific markets set for mixed open as U.S. President Donald Trump’s tariff threats continue to weigh on investor sentiment.