Dangle Seng Index and Nikkei 225: Tariff Turmoil Overshadows China GDP Beat…

US financial indicators took a again seat regardless of the NY Empire State Manufacturing Index rising greater than anticipated in April.

In a single day, information of President Trump imposing export restrictions on Nvidia’s (NVDA) H20 chip dragged US futures markets decrease, setting a destructive tone for the Asian market session on Wednesday, April 16. The Nasdaq 100 Futures fell 265 factors, whereas the Dow Jones Futures dropped 117 factors.

China GDP Beats Forecasts However Tariffs Weigh on Outlook

China’s economic system expanded by 5.four% year-on-year in Q1 2025, matching This autumn 2024 progress and beating the 5.1% forecast.

March retail gross sales, unemployment, and industrial manufacturing figures additionally exceeded expectations. Nevertheless, the market response was muted amid escalating US-China commerce frictions. Alicia Garcia Herrero, Asia Pacific Chief Economist at Natixis, remarked:

“China’s first quarter GDP knowledge is out and it is extremely constructive (5.four% versus 5.2% estimated by consensus) however no one cares. Hong Kong’s inventory market and Asia’s, extra usually falling. Tariffs and a decelerating international economic system (led by the US) are simply rather more essential.”

Dangle Seng Index Slides on Commerce Dangers