· Stocks fell on Thursday, resuming a deep sell-off this week, ahead of new U.S. tariffs on Chinese goods set to go into effect at midnight.
The Dow Jones Industrial Average fell 138.97 points at 25,828.36 on Thursday, while the S&P 500 dropped 0.3% to 2,870.72 and the Nasdaq Composite lost 0.41% to 7,910.59. The Dow is down more than 650 points and the S&P 500 has lost about 2.5% this week after President Donald Trump threatened to raise tariffs on more Chinese goods over the weekend.
Stocks pared some of the losses on Thursday after Trump said it's possible to get a trade deal with China this week. The Dow had fallen nearly 450 points at its intraday low.
"It's possible to do it, they're all here," Trump told reporters at the White House Thursday. "The vice premier one of the most respected men, one of the highest officials in China is coming."
· European stocks traded lower on Thursday, as trade tensions between the U.S. and China ratcheted up.
The pan-European STOXX 600 closd provisionally down more 1.74% during afternoon deals. All sectors and major bourses were in negative territory, with the French CAC index recorded a 2% loss.
· Stocks in Asia rose in Friday morning trade, despite increased U.S. tariffs on Chinese goods due to kick in later in the day.
The Nikkei 225 in Japan gained 0.42% in early trade, with shares of index heavyweight Fast Retailing adding 0.57%. The Topix also rose 0.4%.
In South Korea, the Kospi attempted to bounce back from Thursday's losses, rising around 1% after market open. The index had tumbled around 3% in the previous session. Shares of industry heavyweight Samsung Electronics gained 1.3%.
The ASX 200 in Australia also rose 0.27% as most sectors advanced.
Reference: CNBC
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