European shares decline after Wall Street steadies
Gains in Asia were led by Taiwan, where the benchmark rose nearly 2 per cent after its government signed a trade deal with the US
image for illustrative purpose
Bangkok: Shares slipped in Europe after a mixed session in Asia, while US futures edged higher. Oil prices rebounded after dropping sharply. Germany’s DAX edged 0.1 per cent lower to 25,323.98, while the CAC 40 in Paris gave up 0.4 per cent to 8,277.40. Britain’s FTSE 100 inched up 0.1 per cent to 10,250.97.
The future for the S&P 500 added 0.3 per cent while that for the Dow Jones Industrial Average was up 0.1 per cent. Gains in Asia were led by Taiwan, where the benchmark rose nearly 2 per cent after its government signed a trade deal with the US. China, which claims the self-governed island as its own territory, protested the agreement.
The agreement cuts tariffs on Taiwanese goods to 15 per cent in exchange for $250 billion in new investments in the US tech industry. In Tokyo, the Nikkei 225 shed 0.3 per cent to 53,936.17, while Hong Kong’s Hang Seng gave up 0.3 per cent to 26,844.96. The Shanghai Composite index lost 0.3 per cent to 4,101.91. China is due to report its economic growth data for 2025 on Monday.
Forecasts are for the economy to have expanded at about a 4.5 per cent annual pace, slowing from earlier in the year. Elsewhere in Asia, South Korea’s Kospi rose 0.9 per cent to a record 4,840.74. The benchmark has been trading at record highs for weeks, helped by a recovery in confidence in AI-related shares. Samsung Electronics gained 3.5 per cent.
