{"id":17637,"date":"2025-03-04T07:08:21","date_gmt":"2025-03-04T07:08:21","guid":{"rendered":"https:\/\/www.vtmarkets.com\/?p=17637"},"modified":"2025-03-04T07:08:21","modified_gmt":"2025-03-04T07:08:21","slug":"nasdaq-plunges-2-as-tariffs-shake-tech","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/en-asia\/analysis\/nasdaq-plunges-2-as-tariffs-shake-tech\/","title":{"rendered":"Nasdaq Plunges 2% as Tariffs Shake Tech"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"559\" src=\"https:\/\/www.vtmarkets.com\/en-asia\/wp-content\/uploads\/sites\/27\/2026\/03\/download-7-1-1024x559.png\" alt=\"\" class=\"wp-image-17639\" \/><\/figure>\n\n\n\n<p><strong>Key Points:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Nasdaq dropped 2.08% to close at 20,509.75<\/strong>, reflecting trade war concerns and trader risk aversion.<\/li>\n\n\n\n<li><strong>Tech stocks faced heavy selling pressure<\/strong>, with the index hitting an intraday low of 20,292.75 before a slight recovery.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-dots\" \/>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Nasdaq Suffers Steep Decline as Trade War Fears Mount<\/h2>\n\n\n\n<p>The <strong>Nasdaq Composite tumbled 2.6% on Monday<\/strong>, logging its steepest decline in 2025 as <strong>traders dumped tech stocks amid growing trade war concerns<\/strong>.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">US stocks suffered a double whammy with manufacturing data signaling a slowdown, while President Trump said he\u2019d go ahead with a 25% tariff on Canada and Mexico. The S&amp;P 500 posted its biggest daily percentage decline since December 18 <a href=\"https:\/\/t.co\/6u8UrniuwN\">https:\/\/t.co\/6u8UrniuwN<\/a> <a href=\"https:\/\/t.co\/cOguIZjAu4\">pic.twitter.com\/cOguIZjAu4<\/a><\/p>&mdash; Reuters (@Reuters) <a href=\"https:\/\/twitter.com\/Reuters\/status\/1896763781553717317?ref_src=twsrc%5Etfw\">March 4, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>President <strong>Donald Trump confirmed a 25% tariff on Canada and Mexico, alongside a 20% hike on Chinese imports<\/strong>, sending shockwaves through financial markets. Traders fear the <strong>escalating trade war could slow global growth and <\/strong><strong><a href=\"https:\/\/t.co\/a5kU2WNU7L\">disrupt supply chains<\/a><\/strong>, particularly in the tech sector, which relies heavily on international manufacturing and semiconductor imports.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/t.co\/nQshkOfKIp\">Asian markets mirrored the weakness<\/a><\/strong>, with <strong>Japan\u2019s Nikkei 225 sliding 2.2% and Taiwan\u2019s TAIEX falling 1.3%<\/strong>, reflecting concerns over global demand for semiconductors and electronics.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Tech Stocks Lead the Sell-Off, Chipmakers Under Pressure<\/h2>\n\n\n\n<p>The renewed <strong>tariff escalation hit semiconductor stocks hardest<\/strong>, with major chipmakers extending losses from last week. Nvidia, AMD, and Broadcom saw sharp declines in light of the news around <strong><a href=\"https:\/\/finance.yahoo.com\/news\/nvidia-stock-tumbles-over-8-164735725.html?src=rss&amp;ncid=twitter_yfsocialtw_l1gbd0noiom\">Blackwell chips being smuggled into China<\/a><\/strong><strong>, <\/strong>despite stringent US export restrictions.<\/p>\n\n\n\n<p>Apple and Microsoft each lost over <strong>2%<\/strong>, while Tesla fell <strong>4.1%<\/strong>, extending its 2025 downturn amid rising regulatory scrutiny and supply chain risks.<\/p>\n\n\n\n<p>The sell-off comes ahead of <strong>Nvidia\u2019s highly anticipated <\/strong><strong><a href=\"https:\/\/www.cnbc.com\/2025\/03\/03\/nvidia-shares-fall-9percent-on-tariff-fears.html\">earnings report<\/a><\/strong><strong> on Thursday<\/strong>, which could determine whether AI-driven stocks can maintain momentum despite trade headwinds.<\/p>\n\n\n\n<p>The risk-off sentiment <strong>pushed <\/strong><strong><a href=\"https:\/\/www.marketwatch.com\/livecoverage\/stock-market-today-dow-s-p-and-nasdaq-to-hold-latest-rally-after-bitcoin-surge\/card\/10-year-treasury-yield-ends-at-lowest-level-in-almost-three-months-CeaE4lS7In0gB1MY1qRK\">U.S. Treasury yields lower<\/a><\/strong>, with the <strong>10-year yield dropping to 4.115%, its lowest since October<\/strong>. Traders sought safety amid concerns that <strong>higher tariffs could drive inflation and slow economic expansion<\/strong>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Technical Analysis<\/h2>\n\n\n\n<p>The <strong>NASDAQ 100 index<\/strong> has dropped <strong>2.08%<\/strong>, with the price <strong>opening at 20,945.55 and closing at 20,509.75<\/strong>. The index tested a <strong>high of 20,567.60<\/strong> before facing selling pressure and dipping to a <strong>low of 20,446.00<\/strong>. The <strong>moving averages (5, 10, 30)<\/strong> indicate a <strong>downward trend<\/strong>, with price action struggling to hold above short-term resistance. The <strong>MACD histogram is recovering from negative territory<\/strong>, suggesting that bearish momentum may be weakening.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/en-asia\/wp-content\/uploads\/sites\/27\/2026\/03\/image-2-1024x443.jpg\" alt=\"\" class=\"wp-image-17638\" \/><\/figure>\n\n\n\n<p class=\"has-text-align-center\"><em>Picture: NASDAQ 100 stabilises after sharp drop, resistance at 21,086, as seen on the <\/em><em><a href=\"https:\/\/vtmarketsapp.onelink.me\/CD7D\/240525WAhttps:\/\/vtmarketsapp.onelink.me\/CD7D\/240525WA\">VT Markets app<\/a><\/em><\/p>\n\n\n\n<p>Currently, <strong>support is found at 20,292.75<\/strong>, with a break below this level potentially leading to further declines. On the upside, <strong>resistance is seen near 21,086<\/strong>, where the last major rejection occurred. If the index can regain strength above <strong>20,600<\/strong>, a move toward <strong>20,800-21,000<\/strong> is possible. Traders should monitor <strong>market sentiment, tech sector earnings, and Federal Reserve policy signals<\/strong>, as these will play a key role in shaping the index\u2019s next move.<\/p>\n\n\n\n<p>With the <strong>Nasdaq facing its biggest decline in months<\/strong>, traders will closely monitor upcoming economic data, particularly <strong>U.S. payrolls and inflation reports<\/strong>, for clues on the <strong>Federal Reserve\u2019s rate path and broader market outlook<\/strong>.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.vtmarkets.com\/trade-now\/\">Create your live VT Markets account<\/a><\/strong><strong> and <\/strong><strong><a href=\"https:\/\/myaccount.vtmarkets.com\/login\">start trading<\/a><\/strong><strong> now.<\/strong><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Nasdaq tumbled 2% as U.S. tariffs on Canada, Mexico, and China stoke fears of a global slowdown, pressuring tech stocks. &#8211; vtmarkets.com<\/p>\n","protected":false},"author":64,"featured_media":17639,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[31],"tags":[11],"class_list":["post-17637","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","tag-indices"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts\/17637","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/users\/64"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/comments?post=17637"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts\/17637\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/media\/17639"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/media?parent=17637"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/categories?post=17637"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/tags?post=17637"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}