Asian stock markets displayed mixed results on Wednesday, as risk sentiments dipped following US President Donald Trump’s revived tariff threats. Meanwhile, Hong Kong markets surged, boosted by robust performances from major Chinese tech stocks amid optimism surrounding the AI sector.

Market Influences

• Wall Street ended lower for the fourth consecutive session, driven by poor consumer confidence indications.
• Trump’s tariff announcements concerning copper and other imports added to investor apprehension.

The Hang Seng Index experienced over a 2% increase, nearing a two-year high. Key players like Baidu, Alibaba, and Tencent significantly benefited from renewed investor interest.