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Asian equities edged higher on Thursday, while the dollar firmed slightly as traders took stock of trade negotiations between the U.S. and Japan even as uncertainties around tariffs implemented by President Donald Trump kept sentiment fragile. Investors were also digesting comments from Federal Reserve Chair Jerome Powell, who warned of the risk of slowing growth and rising prices due to tariffs, while gold prices scaled record highs again on safe-haven flows. Japan's Nikkei rose 0.7% while the yen weakened as Japan kicked off talks with the United States.

Investors are acting complacent and "significantly underpricing" the risk of an imminent recession, the strategist Daniel von Ahlen said.

SINGAPORE (Reuters) -Taiwan's TSMC on Thursday lifted some share prices in Asia and Europe amid U.S. President Donald Trump's fast-evolving trade policies by providing an upbeat forecast, a day after warnings from Nvidia and ASML rocked chip stocks. Taiwan Semiconductor Manufacturing Co, whose customers include Apple and Nvidia, reported better-than-expected quarterly profit on Thursday and maintained its full-year outlooks for both revenue and capital spending. Shares of Japanese tech companies and some European firms rose after the TSMC results, which were announced after Taiwan stock markets closed.

Investors were rattled on Wednesday as dual tariff related news from Nvidia and the Fed trigger a sharp stock sell-off.

Investors are abandoning go-to strategies like “buy the dip” and snapping up bearish bets, bracing for more volatility.

US stock futures traded flat on the heels of a bruising day on Wall Street that underscored fears over the economic impact of President Trump's tariffs.

Even in the midst of a sharp drop in his company’s stock price and a freight market that is not supporting the bottom line at Triumph Financial, CEO Aaron Graft touted milestones reached and signaled a new aggressiveness in pricing the company’s products. In his quarterly letter to investors released in conjunction with the company’s […] The post Despite quarterly loss and battered stock, Triumph Financial stays aggressive appeared first on FreightWaves.

NEW YORK (Reuters) -Investors who may have been hoping the Federal Reserve is poised to come to the aid of tariff-rattled markets took away an unwelcome message from the central bank's chief on Wednesday: the Fed may be in a bind. Fed Chair Jerome Powell said the central bank would wait for more data on the economy's direction before changing interest rates. Speaking to the Economic Club of Chicago, he noted that there was a potentially tough situation developing for the Fed in which inflation is pushed higher by tariffs while growth and potentially, employment, weaken.

The European Central Bank cut interest rates for the seventh time in a year on Thursday and warned that economic growth will take a big hit from U.S. tariffs, bolstering bets for even more policy easing in the months ahead. The ECB has taken borrowing costs to their lowest level since late 2022 as the sharp post-pandemic inflation spike has largely disappeared and fast-moving changes to trade policies sap business confidence and depress growth. "Downside risks to economic growth have increased," Lagarde told a press conference after policymakers agreed unanimously to cut the ECB's benchmark rate by 25 basis points to 2.25%.

(Reuters) -The ripple effects of Donald Trump's global trade war are increasingly being felt across numerous industries all at once and on Wednesday were once again exerting pressure on U.S. stock markets that have been roiled for weeks by his erratic trade policies. Stocks fell broadly, with tech stocks hit particularly hard after bellwethers like Nvidia that are highly tied into the world's supply chain warned of hits to their bottom line. Meanwhile, airlines said they are bracing for an uncertain summer travel season, and the head of the Federal Reserve noted slowing economic activity - but also cast a wary eye on the threat that tariffs pose to its goal of lowering inflation.