Asian Stocks Dip Following Mixed US Performance and China Economic Updates

Asian stocks declined following mixed results in the U.S. market, where the Dow Jones reached a record high but tech companies pulled down the S&P 500 and Nasdaq. Positive news about China`s industrial profits was tempered by concerns over new tariffs on Chinese goods, including electric vehicles and steel, impacting companies like Tesla. Other Asian markets also experienced slight drops. While the Dow Jones benefited from a lesser reliance on tech stocks, the Nasdaq was negatively affected by losses in companies like Nvidia, Microsoft, and Amazon. Despite these fluctuations, bond yields remained relatively stable. The market`s performance follows a two-week winning streak, with investors anticipating upcoming corporate earnings reports and inflation data.