The U.S. stock market experienced a sharp decline, with the Dow Jones falling 1.7% to 48,804.06 and the S&P 500 dropping 1% amid President Trump's announcement of temporary 15% tariffs on several countries. This move has intensified existing economic uncertainties and contributed to a broader sell-off in technology stocks, with CrowdStrike plummeting 9.8% and Novo Nordisk sinking 16.4%. Meanwhile, concerns over potential military action against Iran have propelled crude oil prices higher, further complicating the market landscape.
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“Asian shares · were · mixed · Tuesday”
“U.S. futures · climbed · oil prices · gained”
“Tokyo’s Nikkei 225 index · surged · computer-chip related companies · 0.9% to 57,354.14”
“Chip testing equipment maker Advantest · was up · 4.6%”
“machinery maker Disco Corp. · added · 2.2%”
“Markets in mainland China · gained · more than 1%”
“Hong Kong's Hang Seng · fell · 1.9% · to 26,564.01”
“The Shanghai Composite index · rose · 1.2% · to 4,129.78”
“In South Korea, the Kospi · picked up · 1.8% · to 5,951.90”
“Samsung Electronics · jumped · 3.2%”
“SK Hynix · was up · 4.8%”
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