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Global Shares Swing as Tariff News from Trump Looms

On Monday, world shares were mixed as investors monitored developments after a U.S. court ruled against President Donald Trump's sweeping tariffs, with Dow off its record and Nasdaq down 1.2%.
The appeals court's 7-4 decision tossed part of a lower-court ruling, allowing the administration time to appeal to the U.S. Supreme Court after ruling on Friday.
Asian trading showed mixed moves as Japan's Nikkei 225 index fell 1.2%, South Korea's Kospi shed 1.4%, Australia's S&P/ASX 200 dropped 0.5%, while Hong Kong's Hang Seng jumped 2.2% and Alibaba Group Holding's shares soared 19%.
Economic readings and earnings signaled that China's National Statistics Bureau PMI rose to 49.4 and RatingDog China General Manufacturing PMI showed 50.5 last month, while Dell Technologies slid 8.9% due to tech sector weakness.
Oil prices moved as U.S. benchmark crude oil rose 62 cents to $64.63 and Brent crude advanced 60 cents to $68.08, while China and the U.S. trade negotiations plus benchmark indices ending August with a 1.9% gain and the euro at $1.1725 shaped market sentiment.

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