Asian Stocks Rise as Tech Rebounds, Chinese Markets Lag on U.S. Blacklist

📆 7/01/2025 11:09 AM
📰 Investingcom

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Most Asian stocks advanced on Tuesday, following gains in U.S. technology stocks, although Chinese markets underperformed after two major tech companies were added to a U.S. blacklist. Regional markets were buoyed by a strong overnight session on Wall Street, with tech stocks rebounding from a sluggish start to the year. NVIDIA Corporation reached a record high, anticipating CEO Jensen Huang's address at CES. Despite this, most Asian markets remained subdued due to persistent concerns about high U.S. interest rates. Tech stocks surged, tracking their U.S. counterparts, fueled by AI hype and bargain buying after December's losses. Tencent and CATL were added to a U.S. blacklist linked to the Chinese military, raising concerns about strained trade relations between the two largest economies, further aggravated by incoming U.S. President Donald Trump's trade tariff plans.

Investing.com-- Most Asian stocks rose on Tuesday as regional technology stocks tracked overnight gains on Wall Street, while Chinese markets lagged after the U.S. added two major tech companies to a blacklist.

Nvidia’s Huang is widely expected to provide more details on the firm’s upcoming Blackwell AI chips, while any comments on AI demand will also be closely watched. The new blacklist additions also raised concerns over souring trade ties between the world’s biggest economies, which are set to worsen amid increased trade tariffs under incoming U.S. President Donald Trump.

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