Asian stocks experienced a sixth consecutive day of losses due to President Trump’s announcement of new tariff rates, overshadowing positive earnings from major tech companies. The tariffs, impacting countries with trade surpluses, introduce uncertainty and policy unpredictability, making business planning difficult. While some tariffs were anticipated, others came as a surprise, affecting various nations’ exports.
BlackRock expands AI push with new robotics ETF as investor enthusiasm cools
BlackRock has launched a new robotics focused ETF as investors become more selective about AI investments. The fund targets companies using intelligent machines across industries