US EditionStock market today: Global shares skid as investors await more Trump tariffs
- Global shares were mostly lower on Friday as investors considered uncertainties from U.S. President Donald Trump's latest tariff plans, including a potential 25% tariff on auto imports, while a powerful earthquake in Myanmar led to a state of emergency in Bangkok.
- Trump announced plans to impose tariffs, calling the rollout 'Liberation Day,' with the goal of more manufacturing taking place within the United States, but uncertainties remain regarding how the U.S. Government will apply these 'reciprocal' tariffs, especially concerning parts compliant with the free-trade agreement between the U.S., Mexico, and Canada, with an April 2 deadline approaching for more tariffs.
- In Asia, Tokyo's Nikkei 225 sank 1.8% to 37,120.33 due to renewed heavy selling of auto-related shares after Trump's tariff announcement, with Toyota Motor Corp. Shares losing 2.8% and Honda Motor Co. Dipping 2.4%, while the Kospi in South Korea sank 1.9% to 2,557.98, and Hong Kong's Hang Seng fell 0.7% to 23,426.60, but Australia's S&P/ASX200 edged 0.2% higher to 7,982.00.
- European markets also saw declines, with Germany's DAX decreasing 0.6% to 22,537.65 and France's CAC 40 sliding 0.5% to 7,950.56, though Britain's FTSE 100 gained 0.2% to 8,680.66, supported by retail sales data and a smaller-than-expected trade deficit in February.
- In the U.S., Wall Street closed with modest losses on Thursday, and on Friday, the future for the S&P 500 lost 0.4% and the Dow Jones Industrial Average retreated 0.2%, as U.S. Benchmark crude oil dipped 33 cents to $69.59 per barrel and Brent crude lost 9 cents to $73.25 per barrel, while the U.S. Dollar dropped to 150.483 Japanese yen, and gold hit a new record high of $3,085.96 an ounce.
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Total News Sources47
Leaning Left5Leaning Right7Center12Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 21%
C 50%
R 29%
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