Asian markets traded mostly lower on Thursday as anxious investors braced for US-China tariffs. Washington is due to begin enforcing tariffs tomorrow on more than $30bn (€25.8bn) in Chinese imports while Beijing's response of additional tariffs on U.S. goods will become effective “immediately” thereafter.
Chinese stocks slided to more than two-year low with stock indexes in Shanghai and Hong Kong having fallen further than any other tracked by Bloomberg worldwide in the past month. In Japan, stocks hit three-month lows. In Australia, the ASX ended the session in the green with financials leading the gains.
European markets closed higher. Investor sentiment was boosted by easing trade concerns following reports that the Trump administration could abandon threats to impose tariffs on cars imported from the European Union if the 28-member block also annulled tariffs on U.S. cars. Autos were among the top performing stocks closing up 3.4 percent. Traders were also encouraged by German factory orders data showing an increase of 2.6 percent month-on-month in May.
Across the Atlantic, U.S. stocks closed higher as trading resumed following the Independence Day holiday on Wednesday.
World Markets Headlines Today
Hong Kong stock market losses deepen as US tariffs on China loom (Nikkei Asian Review)
Tokyo stocks open flat on investor jitters over US-China trade row (Fin24)
India: Sensex, Nifty trade lower; IT, metal stocks fall (LiveMint)
European markets seen slightly lower ahead of US-Sino tariff deadline
European Shares Set For Muted Start (RTT News)
European markets finished broadly higher today with shares in Germany leading the region
Stocks Trim Gains as Trade Tensions Weigh on Wall Street (The Street)
Stocks Rise as Fed Affirms Pace of Rate Increases (Bloomberg)
Stocks lose some altitude — but remain solidly higher — after Fed minutes (Marketwatch)
Gold prices steady on softer dollar ahead of Fed minutes, Oil prices dip as Trump calls on OPEC to 'reduce pricing now' (Reuters)
25 Major Markets Stock Indices Closing Data
All Continents Stock Indices Closing Data
Tokyo's Nikkei 225 fell 0.78%. China's Shanghai Composite dropped 0.91% while
Seoul's KOSPI was down 0.35%. Mumbai's Sensex decreased 0.20% while Nifty 50 was lower by 0.19%. Australia's ASX200 was up 0.52%. Singapore's STI finished 0.36% in the green. Jakarta's Composite was up 0.10% and Taiwan's Weighted Index moved downward 1.03%.
The Paneuropean STOXX600 rose 0.41%. France's CAC increased 0.86%. London's FTSE was up 0.40%. Belgium's BEL 20 gained 0.73%. Amsterdam's AEX grew 0.59%. Moscow's IMOEX advanced 1.86%.
In Southern Europe, Lisbon's PSI20 was up 0.98% while Spain's IBEX 35 grew 1.11% and Italy's FTSE MIB rose 1.05%. In Scandinavia, Stockholm's OMXS30 was up 0.28% while Copenhagen's OMXC25 decreased 0.51%. Helsinki's OMXHPI finished the day 0.42% in the green.
In Central Eastern Europe, Budapest's BUX was off 0.72% while Warsaw's WIG fell 0.39%. Tallinn's OMXT was off 0.18% while Riga's OMXR ticked up 0.05%. In Vilnius, the OMXV fell 0.11%.
In South Eastern Europe, Bucharest's BET was down 1.08% while Sofia's Sofix decreased 0.14%. Belgrade's Belex 15 lost 0.39%. Podgorica's MNSE10 increased 1.74%. while
Sarajevo's SASEX gained 0.15% and Banja Luka's BIRS moved downward 0.06%. Ljubljana's SBI Top rose 0.25%. Zagreb's CROBEX was up 0.19%. In Skopje, the MBI10 was off 0.91%. Istanbul's BIST100 was higher by 1.92%. In Athens, the General Index finished the day 0.56% in the green while in Nicosia fell 0.70%.
Dar Es Salaam's ASI gained 0.45%. Egypt's EGX30 fell 1.13% and Johannesburg's ASI dropped 0.32% and Lusaka's ASI lost 0.13%. Nigeria's ASI increased 0.65% while Nairobi's ASI advanced 1.88%. Namibia's Overall Index ticked up 0.05%. Tunisia's TUNINDEX grew 0.26%. Mauritius' SEMDEX was up 0.03%. Uganda's ASI was higher by 0.14% and Zimbabwe's Industrial Index gained 0.14%.
In the U.S., the Dow Jones gained 0.75% while the S&P 500 rose 0.86% and the Nasdaq advanced 1.12%. In Canada, the S&P TSX Composite fell 0.23%