Global Markets Tumble Amid Escalating Trade Tensions

Equities in Asia slumped and the U.S. dollar hovered near multi-week highs as global trade war concerns dampened market sentiment. Technology shares, including Nvidia, suffered declines. A stronger dollar impacted commodities, while tariffs on imports contributed to market volatility. Analysts foresee potential stimulus from China's National People's Congress.

Asian equities slumped on Friday as the U.S. dollar hovered near multi-week highs amidst escalating concerns over a global trade war, unsettling market sentiment.

Technology shares were notably affected, with a sell-off in Nvidia and other major Wall Street stocks following a critical earnings report review. The yen and the Swiss franc saw gains due to safe-haven status and lower U.S. Treasury yields.

U.S. President Donald Trump's trade tariffs on Canada, Mexico, China, and the EU added to market volatility, prompting analysts to predict additional stimulus measures from China's upcoming National People's Congress.

(With inputs from agencies.)