The Nikkei 225 Index climbed 0.4% to surpass 36,900, while the broader Topix Index edged up 0.15% to 2,702 on Friday, as investors snapped up beaten-down technology stocks. Despite the rebound, market sentiment remained fragile amid escalating global trade tensions. In the latest trade dispute, US President Donald Trump threatened to impose a 200% tariff on all alcoholic products from the European Union, retaliating against the bloc's 50% tariff on American whiskey. Meanwhile, investors continued to monitor Bank of Japan policy signals, as Governor Kazuo Ueda reaffirmed plans to reduce the...
Asia-Pacific markets are slated to open mixed on Friday after all three benchmarks in the U.S. tumbled over U.S. President Donald Trump's tariff plans. In another sign of a trade war escalation, Trump threatened to enact 200% tariffs on all alcoholic products coming from the European Union in retaliation for the bloc's 50% tariff on whisky. Trump said he would not be changing his mind on a broader group of tariffs set to be implemented on April 2. Australia's S&P/ASX 200started the day 0.4% higher, following losses in the previous session. Japan's benchmark Nikkei 225was set to open...
Stocks fell on Thursday, with equities unable to shake a three-week market rout under the weight of new tariff threats from President Donald Trump. The S&P 500 dropped about 1.39% to settle at 5,521.52, ending the day in correction and 10.1% off its record close. The Dow Jones Industrial Average fell 537.36 points, or 1.3%, marking its fourth day of declines and closing at 40,813.57. The Nasdaq Composite shed 1.96% with shares like Tesla and Apple lower.Trump took to his Truth Social platform Thursday morning to threaten 200% tariffs on all alcoholic products coming from countries in...
Stocks fell on Thursday, with equities unable to shake a three-week market rout under the weight of new tariff threats from President Donald Trump. The S&P 500 dropped about 1.3%, bringing its losses from its record close in February to 10%. If the benchmark closes at these levels, it will be an official market correction, according to Wall Street. The Dow Jones Industrial Average fell 481 points, or 1.2%, its fourth day of declines putting it below the 41,000 level. The Nasdaq Composite shed 1.8% with shares like Tesla and Apple lower.Trump took to his Truth Social platform Thursday...