U.S. futures, bitcoin fall, Asian markets mixed after Supreme Court nixes Trump's tariffs
The Hindu
U.S. futures and bitcoin decline, while Asian markets show mixed results after the Supreme Court overturns Trump's tariffs.
U.S. futures dropped and Asian shares were mostly higher on Monday (February 23, 2026) after the Supreme Court struck down most of President Donald Trump's sweeping tariffs.
Bitcoin tumbled as much as 5% early on Monday (February 23), dropping below $65,000. The sell-off has been driven by investors pulling out of speculative assets and concerns about future cryptocurrency regulation.
The original cryptocurrency, pitched as “digital gold”, has lost nearly half of its value since Oct 6, when it hit a record high of $126,210.50.
Markets in Japan and mainland China were closed for holidays.
Hong Kong led regional gains as its Hang Seng index surged 2.2% to 26,980.22.
In South Korea, the Kospi gave back early gains, edging 0.1% lower to 5,809.53.

The U.S. has launched two investigations under Section 301 of the Trade Act of 1974 against India and other economies to examine practices that may be ‘unreasonable or discriminatory and burden or restrict U.S. commerce’. One probe examines whether countries, including India, are using excess manufacturing capacity to export to the U.S. in a manner that hurts American businesses, while another looks at whether countries have taken ‘sufficient steps’ to prohibit imports of goods produced with forced labour.












