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Wealth gatekeepers advise big bets on stocks again

Updated at : 2025-03-27 12:15:01

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​​Chinese, European and Japanese equities are their favourite picks among international markets. A look at what five leading wealth advisors are suggesting to their Ultra High Net-Worth (UHNI) clients.

Asian stocks drop as Trump saps risk, dollar gains

Updated at : 2025-03-27 12:15:01

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Indexes in Japan and Australia fell as did equity-index futures for US stocks in early Asian trading. Both the S&P 500 and Nasdaq 100 tumbled the most in two weeks on Wednesday. The dollar extended its gain while the Mexican Peso and the Canadian dollar slipped. Toyota Motor Corp. and Hyundai Motor Co. were among automakers slumping in Asia. Shares of Ford Motor Co. fell 4.7% in after-market hours trading while General Motors Co. dropped 6.1%.

Domestic markets see a dip with notable focus on companies like RIL, HDFC Bank, and Ashok Leyland due to significant developments. Adani expresses interest in JAL acquisition, HDFC Bank faces RBI penalty, and Reliance halts Venezuelan crude purchases. Other highlighted companies include Sunteck Realty, Maruti Suzuki, Wipro, and Bharat Forge with strategic expansions and investments.

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Wall Street stocks plunged on Wednesday due to losses in Nvidia and Tesla as investors anticipated Trump s announcement on car-industry tariffs. Tesla and General Motors were impacted by tariff uncertainty. The S&P 500 and Nasdaq saw sharp declines, while Fed President Neel Kashkari expressed concerns over potential inflation. Dollar Tree and GameStop reported significant business developments.

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Gold prices rose on Thursday amid concerns over President Trump s plan to impose reciprocal tariffs next week. The announcement of a 25% tariff on imported cars and light trucks has escalated trade tensions. Investors fear these tariffs might lead to inflation, slow economic growth, and increase trade tensions. Gold reached a record high of $3,057.21 on March 20.

Oil prices have risen slightly due to concerns over tighter global supply amid U.S. threats of tariffs on Venezuelan oil buyers. Additionally, the announcement of a new 25% tariff on imported cars could impact oil demand. Analysts suggest the tariffs might slow the transition to more fuel-efficient vehicles.

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President Donald Trump announced a 25% tariff on imported cars and light trucks, effective next week. This move is expected to increase car prices and reduce production. Critics, including the European Commission and Canada, condemn the tariffs, while the United Auto Workers support them. Tariff exemptions apply temporarily to USMCA-compliant automotive parts.

Goldman Sachs has raised its end-2025 gold price forecast to $3,300 per ounce due to stronger ETF inflows and increased central bank demand. This adjustment is influenced by heightened U.S. policy uncertainty and expectations of continued gold buying by China.

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Wall Street sees red as tariff concerns resurface, with the Nasdaq dropping 2% and tech stocks suffering significant losses. U.S. President Trump signals new auto tariffs, raising fears of higher inflation and slower growth. At the same time, UK s economic forecast weakens, with higher borrowing needs and inflation risks creating a challenging outlook for sterling and UK bonds.

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