Chinese electric vehicle (EV) manufacturers experienced a rise in their stock prices in Hong Kong, driven by a promising sales outlook for March and the recent decline in Tesla (NASDAQ:TSLA)’s stock.

Asian stocks tumbled on Tuesday led by sharp declines in the tech sector, as markets tracked Wall Street’s overnight sell-off amid mounting recession fears in the U.S. fueled by President Donald Trump’s trade policies.

Oil prices pared earlier losses to inch up during trade on Tuesday, despite concerns over a potential U.S. recession, the impact of tariffs on global growth and as OPEC+ sets its sight on ramping up supply.

The yen was investors’ safe harbour of choice on Tuesday and it touched a five-month high as fears about a tariff-driven slowdown in U.S. economic growth have rattled U.S. stocks and the dollar.

Thailand’s government wants to lift economic growth above its 3% target this year and is confident a strong first half will be followed by momentum from the next phase of its signature stimulus programme and measures worth 150 billion baht ($4.4 billion), officials said on Monday.

Britain’s jobs market cooled in February as the pace of hiring slowed and starting salaries rose by the least in four years, according to a survey on Monday that underscores firms’ concerns about higher employment costs and a soft economy.