NEW YORK: A drop in US equities extended to Asia and the dollar gained after President Donald Trump’s tariff announcements and underwhelming Nvidia Corp. results prompted investors to trim risky bets.
Equity benchmarks across Asia-Pacific fell after heavy selling on Wall Street Thursday (Feb 27) with the S&P 500 dropping 1.6 per cent and erasing its gains for the year. The Nasdaq 100 declined 2.8 per cent while Nvidia shares slumped 8.5 per cent after its latest earnings weighed on the Magnificent Seven group. Treasuries extended gains and the rout in Bitcoin worsened on Thursday, sending it down 25 per cent from the all-time high it set less than six weeks ago.
