The stock market continued to tumble on Friday after posting its biggest decline in one since 2020, with NASDAQ entering bear market. Investors are worried that the escalating global trade war would negatively impact corporate profits and economic growth.
After President Donald Trump announced its tariffs, China retaliated with new tariffs of 34% on all U.S. products.
Overall, S&P dipped 6.0% to 5,074, while NASDAQ sank 5.8% to 15,588.
Chart of the Day
Here is the one-year chart of Sea Limited (SE) as of March 10, 2025, when the stock was at $127.
Sea Limited, a major e-commerce, fintech, and gaming company in the Asia-Pacific region — looks to be a good investment with Trump’s tariffs sinking US stocks. Yesterday, US President Donald Trump issued a slew of tariffs to countries around the world. Today, US stocks are tanking on the news. So, this is a great time to look at International investments.
Last quarter, Sea Limited delivered another strong performance as it achieved 305% profit growth on 37% revenue growth. The key driver behind this success was its e-commerce segment, Shopee, which saw revenue increase 41% year-over-year and accounted for 80% of the company’s total revenue.
Management stated Shopee is the market leader in all seven of its Asian markets. During the quarter, Gross Merchandise Volume (GMV) was up 28% year-over-year with orders up 20%. Notably, Shopee was also profitable in both Asia and Brazil.
SE is part of our Growth Portfolio and Aggressive Growth Portfolio.
