Stock market today: Asian shares skid, hit by AI doubts and Trump tariff hikes [Globe and Mail, The (Toronto, Canada)]
TOKYO ELECTRON UNSP/ADR (TOELY)
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Source: Globe and Mail, The
President Donald Trump 's decision to push ahead with 25% tariffs on imports from Mexico and Canada and to double tariffs on Chinese products to 20% also left investors reeling. Tokyo's Nikkei 225 index lost 3.4% to 36,939.89, pulled lower by plunging prices for shares in technology companies. Computer chip test equipment maker Advantest sank 9.4%, Disco Corp., another equipment maker, lost 11.1% and Tokyo Electron shed 5.3%. Hong Kong's Hang Seng index lost 2.3% to 23,175.49, while the Shanghai Composite index lost 0.9% to 3,358.28. South Korea's Kospi gave up 3.2% to 2,538.07. In Australia, the S&P/ASX 200 shed 1.1% to 8,174.10. On Thursday, the S&P 500 sank 1.6% to 5,861.57 and the Dow Jones Industrial Average dropped 0.4% to 43,239.50. The Nasdaq composite tumbled 2.8% to 18,544.42. The S&P 500 has fallen five out of the past six trading sessions after setting an all-time high last week . Concerns about the U.S. economic outlook have been behind much of the drop, incl
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