The latest tariff proposal from former U.S. President Donald Trump has sent ripples through Asian financial markets, particularly impacting cryptocurrency-related stocks. As investors reacted to the news, major companies saw sharp declines—Japan’s Metaplanet plummeted by 9.44%, Hong Kong’s OKG Tech dropped 9.09%, and Boyaa Interactive slid 4.64%. Broader indices also reflected the unease, with Japan’s Nikkei 225 falling 2.66% and South Korea’s Kospi index declining 2.52%.

Peter Chung, Head of Research at Presto Research, highlighted the delayed reaction of Asian markets, explaining that while the news broke over the weekend in Asia, trading sentiment only shifted when markets opened on Monday. This explains the sharp sell-off in crypto-exposed stocks. The uncertainty surrounding global trade policies has historically caused volatility in risk assets, and crypto markets—still highly correlated with tech stocks—were no exception.

For traders, the key takeaway is clear: regulatory and geopolitical events remain a major driver of crypto market sentiment. If Trump’s trade policies gain momentum, Asian investors could continue to unwind riskier positions, potentially leading to further declines in crypto-related equities. On the flip side, if markets stabilize, this sell-off could present a discounted entry point for long-term believers in the sector.

⚠ This article is for informational purposes only and does not constitute financial advice.