Asia’s technology and resources sectors absorbed punishing losses Thursday as Trump’s proposed tariffs specifically targeted these export-dependent industries.
Sector Carnage:
- Semiconductors:
- TSMC: -$28B market cap loss
- Samsung: -$18B
- Tokyo Electron: -12%
- Mining:
- BHP: -$9B
- Rio Tinto: -$7B
- Fortescue: -15%
- Automotive:
- Toyota: -$12B
- Hyundai: -$8B
Supply Chain Analysis:
The proposed 60% tariffs would:
- Make 38% of Asian chip exports uncompetitive
- Render 45% of Australian iron ore shipments uneconomic
- Force 25% auto part price increases
“These aren’t ordinary tariffs – they’re existential threats to Asia’s export model,” warned CLSA tech analyst Sebastian Hou.
