US stocks fall again as global rally fizzles-Key Figures
New York, United Statesmarketsworld
08 April,2025
Trump plans to impose another 50 percent duty on Chinese goods at midnight, bringing the additional rate on Chinese products to 104 percent.
European officials, meanwhile, plan tariffs of up to 25 percent on US goods in retaliation for levies on metals, but will spare bourbon to shield European wine and spirits from reprisals, according to a document seen by AFP.
The list proposes levies on goods including soybeans, poultry, rice, sweetcorn, fruit and nuts, wood, motorcycles, plastics, textiles, paintings, electrical equipment, make-up and other beauty products.
An EU spokesman said on Tuesday that the European Commission could present its planned countermeasures to the new levies “as early as next week”.
– Rebound in Asia –
Earlier Tokyo’s stock market closed up more than six percent — recovering much of Monday’s drop — after Japanese Prime Minister Shigeru Ishiba held talks with Trump.
Hong Kong’s stock market closed up by more than one percent, having plunged more than 13 percent on Monday, its biggest one-day retreat since 1997.
“After multiple punishing sessions, stock markets appear to have started their road to recovery,” noted Russ Mould, investment director at the AJ Bell trading group.
He warned, however, that “it’s dangerous to think a massive rally will definitely happen, given how Trump is unpredictable”.
– Key figures around 2130 GMT –
New York – Dow: DOWN 0.8 percent at 37,645.59 (close)
New York – S&P 500: DOWN 1.6 percent at 4,982.77 (close)
New York – Nasdaq Composite: DOWN 2.2 percent at 15,267.91 (close)
London – FTSE 100: UP 2.7 percent at 7,910.53 (close)
Paris – CAC 40: UP 2.5 percent at 7,100.42 (close)
Frankfurt – DAX: UP 2.5 percent at 20,280.26 (close)
Tokyo – Nikkei 225: UP 6.0 percent at 33,012.58 (close)
Hong Kong – Hang Seng Index: UP 1.5 percent at 20,127.68 (close)
Shanghai – Composite: UP 1.6 percent at 3,145.55 (close)
Euro/dollar: UP at $1.0959 from $1.0912 on Monday
Pound/dollar: DOWN at $1.2766 from $1.2887
Dollar/yen: DOWN at 146.23 yen from 146.84 yen
Euro/pound: UP at 85.78 pence from 85.70 pence
West Texas Intermediate: DOWN 1.9 percent at $59.58 per barrel
Brent North Sea Crude: DOWN 2.2 percent at $62.82 per barrel
burs-jmb/dw
© Agence France-Presse
