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Asian stocks edge lower, China hit by Canada EV tariffs

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Asian stocks edge lower, China hit by Canada EV tariffs

Investing.com-- Most Asian stocks fell on Tuesday, with sentiment towards Chinese markets worsening after Canada joined the U.S. and Europe in imposing steep import tariffs on the country’s electric vehicle sector.

Losses in Chinese EV stocks were relatively limited, given that Canada represents a smaller export market for the sector than Europe. Losses in major U.S. technology stocks spilled over into their Asian peers, as investors pivoted out of the sector in anticipation of lower interest rates.lost 0.4%, with chipmaking stocks also seeing some weakness before closely watched earnings from Nvidia on Wednesday, which are expected to show whether the artificial intelligence trade is still in vogue., which fell slightly.

 

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