World shares mostly rose, unaffected by U.S. tariff pressures on trading partners. In Europe, Germany's DAX rose 0.2%, while Britain's FTSE 100 also increased by 0.2%. In Asia, Japan's Nikkei 225 gained 0.3%, with South Korea's Kospi surging 1.8%. In contrast, U.S. stocks closed lower, with the S&P 500 experiencing its largest loss since June. Tariffs on Japan and South Korea's goods are set to take effect, adding to market uncertainty as negotiations continue with various nations.
World shares mostly rose Tuesday, with financial markets shrugging off U.S. tariff pressures on its trading partners. In early European trading, Germany's DAX rose 0.2% to 24,112.38. Britain's FTSE 100 edged 0.2% higher to 8,822.09.
Stocks on Wall Street closed broadly lower on Monday as the White House stepped up pressure on major trading partners to make deals before punishing tariffs imposed by the U.S. take effect.
The S&P 500 fell 0.8% for its biggest loss since mid-June. The benchmark index remains near its all-time high set last week.
The Trump administration released letters informing Japan and South Korea that their goods will be taxed at 25% starting on Aug. 1, citing persistent trade imbalances.
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