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Asian equities edged higher on Thursday, while the dollar firmed slightly as traders took stock of trade negotiations between the U.S. and Japan even as uncertainties around tariffs implemented by President Donald Trump kept sentiment fragile. Investors were also digesting comments from Federal Reserve Chair Jerome Powell, who warned of the risk of slowing growth and rising prices due to tariffs, while gold prices scaled record highs again on safe-haven flows. Japan's Nikkei rose 0.7% while the yen weakened as Japan kicked off talks with the United States.

Investors are acting complacent and "significantly underpricing" the risk of an imminent recession, the strategist Daniel von Ahlen said.

SINGAPORE (Reuters) -Taiwan's TSMC on Thursday lifted some share prices in Asia and Europe amid U.S. President Donald Trump's fast-evolving trade policies by providing an upbeat forecast, a day after warnings from Nvidia and ASML rocked chip stocks. Taiwan Semiconductor Manufacturing Co, whose customers include Apple and Nvidia, reported better-than-expected quarterly profit on Thursday and maintained its full-year outlooks for both revenue and capital spending. Shares of Japanese tech companies and some European firms rose after the TSMC results, which were announced after Taiwan stock markets closed.

Investors were rattled on Wednesday as dual tariff related news from Nvidia and the Fed trigger a sharp stock sell-off.

Investors are abandoning go-to strategies like “buy the dip” and snapping up bearish bets, bracing for more volatility.

US stock futures traded flat on the heels of a bruising day on Wall Street that underscored fears over the economic impact of President Trump's tariffs.

Even in the midst of a sharp drop in his company’s stock price and a freight market that is not supporting the bottom line at Triumph Financial, CEO Aaron Graft touted milestones reached and signaled a new aggressiveness in pricing the company’s products. In his quarterly letter to investors released in conjunction with the company’s […] The post Despite quarterly loss and battered stock, Triumph Financial stays aggressive appeared first on FreightWaves.