Asian stock markets displayed mixed performances on March 12, influenced by ongoing uncertainties surrounding U.S. tariffs and fears of a recession in the U.S. The Nikkei Stock Average in Japan saw a slight increase, closing at 36,819.09, up by 25.98 points or 0.07%, buoyed by a weaker yen which supported export-related stocks. The broader Topix index finished higher at 2,694.91, up by 0.91%. The U.S. dollar firmed to the lower 148 yen range, contributing to the market dynamics. However, the market remained cautious due to concerns over U.S. tariff policies, including potential tariffs on automobiles. In France, the Bank of France revised its GDP growth forecast for 2025 downwards to 0.7% from 0.9%, citing global trade tensions as a factor impacting French exports. The bank also adjusted its forecasts for 2026 to 1.2% from 1.3%, while keeping the 2027 forecast unchanged at 1.3%. Inflation expectations for 2025 were also lowered to 1.3% from 1.6%. Argentina's financial markets experienced volatility, with the S&P Merval index dropping 1.8% to 2,232,179 amid global market jitters. However, Argentine stocks listed on Wall Street saw a strong rebound, with some shares rising up to 11% on March 12, following positive U.S. inflation data which alleviated some of the pressure from Trump's tariff policies and recession fears. The risk country index stood at 748 points. Additionally, inflation in Buenos Aires decelerated to 2.1% in February.