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Stock markets in Asia have remained resilient as turbulence intensifies in U.S. equity markets due to concerns about the impact of tariffs, Richard Hunter, head of markets at Interactive Investor said in a note.
Hong Kong’s Hang Seng index and the Shanghai Composite index have gained this year, while their U.S. peers the Dow Jones index, the S&P 500 index and the Nasdaq index are all down since the start of 2025.
“There is increasing evidence that some of the monies being raised from the so-called ‘Sell America’ trade is being deployed to some Asian regions,” Hunter said.