US stocks were little changed on Tuesday as investors digested conflicting signals from President Trump on tariffs. After initially delaying the return of broad "Liberation Day" tariffs until Aug. 1, Trump reversed course and said there would be no further extension, adding confusion to an already volatile trade environment. The S&P 500 and Nasdaq closed near the flatline, while the Dow fell 165 points. The market reacted sharply to Trump's announcement of a steep 50% tariff on copper imports, sending copper futures soaring more than 10% and lifting shares of producers such as...
Asia-Pacific markets were set to open mixed Wednesday after U.S. President Donald Trump ruled out a deadline extension on tariffs which are set to kick off on Aug. 1. Trump on Tuesday stateside also announced a 50% levy on copper imports and indicated that further sector-specific tariffs will be announced soon. He also threatened to impose up to 200% tariffs on pharmaceuticals imported into the U.S., but said that he will "give people about a year, year and a half" until the duties go into effect. Here are the opening calls for the day Good morning from Singapore. Investors will also be...
The Nikkei 225 dipped 0.05% to around 39,670 on Wednesday, while the broader Topix Index edged up 0.25% to 2,823, as Japanese stocks struggled for clear direction amid heightened trade tensions. Investors weighed the latest tariff developments out of Washington, with US President Donald Trump confirming there would be no changes or extensions to the updated duties targeting 14 countries. Japan is set to face a 25% tariff beginning August 1. Japanese Prime Minister Shigeru Ishiba said Tokyo will continue negotiations with the US in search of a mutually beneficial outcome. Meanwhile, Trump...