Overview
- Japan's March inflation rate reached 3.6%, exceeding the Bank of Japan's 2% target for the third consecutive year, highlighting sustained price pressures.
- The Nikkei 225 rose 0.6% in Friday trading, leading gains in Asia as most regional markets remained closed for Good Friday observances.
- TSMC reported quarterly profits in line with expectations but flagged potential risks tied to ongoing U.S. trade tariff uncertainties.
- U.S. markets closed mixed on Thursday, with the S&P 500 edging up 0.13%, the Nasdaq slipping 0.13%, and the Dow falling 1.33%, reflecting investor concerns over tariffs and economic stability.
- President Trump's proposed 'reciprocal' tariffs continue to create uncertainty, with economists warning of potential recession risks if fully implemented.