US Stocks Plunge, But Why Did Asian Markets Hold Strong?

• US stock markets (Dow Jones, Nasdaq, S&P 500) experienced significant declines due to AI concerns and Trump's tariff warnings.
• Asian markets showed mixed trading, with some indices rising (Japan's Nikkei, China's Shanghai Index) despite the US downturn.
• UBS experts noted that Asian investors assessed factors like tariffs and AI risks differently, limiting the decline.
• Asian markets are less AI-sensitive and have a greater influence from banking, industrial, and manufacturing sectors, unlike the US tech-heavy market.
• Trump's tariff warnings were viewed as rhetoric by Asian investors, and domestic economic indicators played a larger role in their market performance.