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Stock impact report

Asia stocks slide, gold hits record high on US tariffs [Yahoo! Finance]

HSBC Holdings, plc. (HSBC) 
US:NYSE Investor Relations: hsbc.com/investor-relations
Company Research Source: Yahoo! Finance
President Donald Trump stoked investor worries of an all-out trade war. Trump moved ahead with a 25% tariff on auto imports due to kick in next week, drawing fierce criticism from politicians and industry executives across the globe and a warning from global car makers that price hikes were likely on the way. The widening of the global trade war that Trump kicked off upon regaining the White House has jolted the markets, with shares of global automakers hit particularly hard. In Asia, Japan's Nikkei fell more than 2% led by sharp drop in Toyota and Honda. South Korea's benchmark index touched a two-week low and was last down 1.3%. The auto industry is a pillar of both countries' economies. Hong Kong's Hang Seng index was 0.6% higher, largely shrugging off the auto tariff threat. Trump said he would be willing to reduce tariffs on China to get a deal done with TikTok's Chinese parent ByteDance to sell the popular app. "U.S. tariffs on auto imports do not come as a huge surpri Show less Read more
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