European stock markets opened positively this week, with the Euro Stoxx 50 up 0.6% and the broader Stoxx 600 up 0.2%. This rebound follows a sharp selloff last week, when both indexes fell more than 3% amid concerns about the resilience of the US economy, fueled by unexpectedly weak employment data and renewed global growth concerns after President Trump announced new tariffs. Adding to the uncertainty, Trump's firing of the head of the Bank of England has raised concerns about the credibility of upcoming economic data. Looking ahead, investor attention will turn to several key events this...
Asia-Pacific stocks traded mixed on Thursday, tracking losses on Wall Street as investors weighed U.S. President Donald Trump's 25 percent tariffs on auto imports. Japan's benchmark Nikkei 225 index ended the day 0.6 percent lower at 37,799.97, while the broader Topix index was flat at 2,815.47. In South Korea, the Kospi index fell 1.39 percent to 2,607.15 while the small-cap Kosdaq index dropped 1.25 percent to 707.49. Mainland China's CSI 300 index ended the day 0.33 percent higher at 3,932.42 while Hong Kong's Hang Seng Index closed up 0.41 percent at 23,578.80. India's benchmark...
The Nikkei 225 Index tumbled 1.7% to below 37,200, while the broader Topix Index dropped 1.6% to 2,770 on Friday, hitting a two-week low as automakers continued to reel from US President Donald Trump's auto tariffs. Earlier this week, Trump announced a 25% tariff on all car imports starting next week, dealing a blow to Japan's export-driven economy, which relies heavily on auto shipments to the US. Major automakers suffered steep losses, including Toyota (-4.7%), Honda (-4.5%), Mazda (-3.4%), Subaru (-2.7%), and Suzuki (-2.2%). Japanese technology stocks also followed their US counterparts...
Stocks fell on Thursday as investors weighed the latest tariff-related news from President Donald Trump, including his new tariffs aimed at foreign automakers. The Dow Jones Industrial Average dropped 155.09 points, or 0.37%, to end at 42,299.70. The S&P 500 declined 0.33% to close at 5,693.31, and the Nasdaq Composite slid 0.53% to settle at 17,804.03. Shares of several automakers declined after Trump on Wednesday evening announced 25% tariffs on "all cars that are not made in the United States," which will go into effect on April 2. General Motors pulled back more than 7%, while Ford...
European stocks closed lower Thursday as global markets reacted to new automotive tariffs announced by U.S. President Donald Trump. The regional Stoxx 600 index closed 0.44% lower as all major bourses declined. The Stoxx Europe autos index was down nearly 1% as most firms pared earlier losses, with Jeep maker Stellantis shedding 4.2%, Mercedes-Benz down 2.7% and Germany's BMW down 2.55%.Trump said on Wednesday that he will impose a 25% tariff on "all cars that are not made in the United States" with the levies due to take effect on April 2. Trump White House aide Will Scharf said the new...
Stocks flitted between gains and losses on Thursday as investors weighed the latest tariff-related news from President Donald Trump, including his new tariffs aimed at foreign automakers. The Dow Jones Industrial Average dropped 142 points, or 0.3%. The S&P 500 lost about 0.2%, while the Nasdaq Composite shed 0.2%. Shares of several automakers declined after Trump on Wednesday evening announced 25% tariffs on "all cars that are not made in the United States," which will go into effect on April 2. General Motors pulled back 7.5%, while Stellantis lost 2% and Ford slipped 3%. Elon Musk's...