S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market
The Shanghai Composite fell 0.7% to 4,055 on Thursday, while the Shenzhen Component lost 0.4% to 15,651, with both benchmarks snapping a two-session gain as investors weighed mounting trade tensions involving China. The US Trade Representative announced plans for additional tariffs of up to 12.5% on imports from 60 trading partners, including China, over alleged failures to prevent imports linked to forced labor, with the measures due to take effect next month. Adding to trade tensions, the EU introduced the Industrial Accelerator Act and the Cybersecurity Act, measures that could effectively shut some Chinese firms out of parts of the European market. Beijing vowed retaliatory measures, heightening fears of a wider trade confrontation between the two sides. Financial stocks led the losses, particularly Commercial Bank of China (-0.8%), Agricultural Bank of China (-1.4%), and China Construction Bank (-1.2%). CATL (-1.7%), BYD (-2.0%), and Sungrow Power Supply (-1.1%) also declined.
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