{"id":48485,"date":"2025-02-28T07:55:04","date_gmt":"2025-02-28T07:55:04","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=48485"},"modified":"2025-02-28T07:55:04","modified_gmt":"2025-02-28T07:55:04","slug":"morning-update-28-02-2025","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=48485","title":{"rendered":"Morning Update (28.02.2025)"},"content":{"rendered":"

\ud83d\udd3b Asian markets plunge!<\/strong>
Japan\u2019s \ud83c\uddef\ud83c\uddf5 Nikkei 225<\/strong> crashed 3.2%<\/strong>, hitting its lowest since September, while KOSPI<\/strong> \ud83c\uddf0\ud83c\uddf7 tumbled 3.1%<\/strong>! The selloff was triggered by Nvidia\u2019s<\/strong> \ud83d\ude80 sharp drop despite strong earnings, as investors worried about profit\u00a0margins.<\/p>\n

\ud83d\udcc9 Big tech\u00a0losers:<\/strong><\/p>\n

SoftBank<\/strong> \ud83d\udcc9\u00a0-5.3%Tokyo Electron<\/strong> \u26a1\u00a0-5.1%Samsung<\/strong> \ud83d\udcf2\u00a0-2.2%SK Hynix<\/strong> \ud83d\udcbe\u00a0-4.7%<\/p>\n

\ud83d\udca5 Trump doubles down on tariffs!<\/strong>
\ud83c\uddfa\ud83c\uddf8 Trump confirmed 25% tariffs<\/strong> on \ud83c\uddf2\ud83c\uddfd Mexico & \ud83c\udde8\ud83c\udde6 Canada starting March 4<\/strong>, plus 10% duties<\/strong> on \ud83c\udde8\ud83c\uddf3 China. With China\u2019s National People\u2019s Congress<\/strong> next week, analysts expect new stimulus moves. The tariff fears hit trade-sensitive currencies:<\/p>\n

AUD<\/strong> \ud83d\udcb5\u00a0-0.4%KRW<\/strong> \ud83c\uddf0\ud83c\uddf7\u00a0-0.7%<\/p>\n

\ud83d\udcc8 Hang Seng\u2019s wild ride!<\/strong>
Hong Kong\u2019s \ud83c\udded\ud83c\uddf0 Hang Seng<\/strong> fell 2.6%<\/strong> today, but it\u2019s still up 15% this month<\/strong>! \ud83d\ude80 The rally was driven by AI optimism from DeepSeek<\/strong>, China\u2019s rival to OpenAI<\/strong> \ud83e\udd16. Alibaba<\/strong> soared 48%<\/strong>, while Xiaomi<\/strong> climbed 37%<\/strong> in February!<\/p>\n

\ud83c\udfe1 Japan\u2019s housing slump deepens!<\/strong>
\ud83d\udcc9 Housing starts fell 4.6% YoY<\/strong> in January, marking 9 months of contraction<\/strong> \ud83d\udcc9\u200a\u2014\u200athe fastest drop since August! Meanwhile, Tokyo inflation<\/strong> slowed to 2.2% YoY<\/strong>, but remains above BOJ\u2019s 2%\u00a0target<\/strong>.<\/p>\n

\ud83d\udee2 Oil slides as tariffs spark demand\u00a0fears!<\/strong><\/p>\n

Brent crude<\/strong> \ud83d\udee2 -0.4% to\u00a0$73.30<\/strong>WTI crude<\/strong> \u26fd -0.4% to $69.70<\/strong>
OPEC+ is debating an April output hike<\/strong> \ud83e\udd14, while traders weigh Trump\u2019s tariffs vs. supply risks<\/strong> from Venezuela sanctions<\/strong> & Iran tensions<\/strong>.<\/p>\n

\ud83d\udcb5 USD firms up ahead of inflation data!<\/strong>
The dollar index<\/strong> \ud83d\udcc8 rose 0.1%<\/strong>, while most Asian currencies weakened. However, the Japanese yen<\/strong> \ud83c\uddef\ud83c\uddf5 gained 0.2%<\/strong> to 149.60<\/strong>, supported by inflation & BOJ rate hike expectations<\/strong>.<\/p>\n

\u20bf Bitcoin crashes below $80K!<\/strong>
\ud83d\udea8 Bitcoin<\/strong> plunged 5%<\/strong> to $79,650<\/strong>, hitting its lowest since November! It\u2019s now down 25%<\/strong> from its $108K peak<\/strong> in December as crypto sentiment sours<\/strong>\u00a0\ud83d\udcc9.<\/p>\n

Ether<\/strong> fell 6%<\/strong> to $2,149<\/strong> amid a $1.5B Bybit hack<\/strong>!\u00a0\ud83d\udd13\ud83d\ude31<\/p>\n

\ud83c\udfed Thailand\u2019s factory slump slows!<\/strong>
\ud83c\uddf9\ud83c\udded Manufacturing dipped 0.85% YoY<\/strong> in January\u200a\u2014\u200abetter than the 2.55% forecast<\/strong>. Despite 6 months of contraction<\/strong>, output jumped 8.7% MoM<\/strong>! The government expects<\/strong> a 1.5%-2.5% growth<\/strong> this year, boosted by:
\u2705 Stimulus<\/strong> \ud83d\udcb0
\u2705 Stronger exports<\/strong> \ud83d\udea2
\u2705 Tourism rebound<\/strong>\u00a0\u2708\ufe0f<\/p>\n

\ud83c\udf0f Morning Update (28.02.2025) \ud83d\udcc9<\/a> was originally published in Coinmonks<\/a> on Medium, where people are continuing the conversation by highlighting and responding to this story.<\/p>","protected":false},"excerpt":{"rendered":"

\ud83d\udd3b Asian markets plunge!Japan\u2019s \ud83c\uddef\ud83c\uddf5 Nikkei 225 crashed 3.2%, hitting its lowest since September, while KOSPI \ud83c\uddf0\ud83c\uddf7 tumbled 3.1%! The selloff was triggered by Nvidia\u2019s \ud83d\ude80 sharp drop despite strong earnings, as investors worried about profit\u00a0margins. \ud83d\udcc9 Big tech\u00a0losers: SoftBank \ud83d\udcc9\u00a0-5.3%Tokyo Electron \u26a1\u00a0-5.1%Samsung \ud83d\udcf2\u00a0-2.2%SK Hynix \ud83d\udcbe\u00a0-4.7% \ud83d\udca5 Trump doubles down on tariffs!\ud83c\uddfa\ud83c\uddf8 Trump confirmed 25% […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-48485","post","type-post","status-publish","format-standard","hentry","category-interesting"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/48485"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=48485"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/48485\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=48485"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=48485"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=48485"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}