Fed chair's warnings send US stocks tumbling; Asian markets move higher
Wall Street experienced a sell-off triggered by Jerome Powell's remarks on potential tariff impacts and Nvidia's export concerns. Powell's warning about tariffs causing inflation and complicating economic management fueled market unease. Asian-Pacific markets diverged, showing gains despite Wall Street's decline, with central bank decisions influencing regional performance.
Wall Street experienced a sell-off triggered by Jerome Powell's remarks on potential tariff impacts and Nvidia's export concerns. Powell's warning about tariffs causing inflation and complicating economic management fueled market unease. Asian-Pacific markets diverged, showing gains despite Wall Street's decline, with central bank decisions influencing regional performance.
