From Investing.com: 2024-08-26 22:43:18

Most Asian stocks fell as Canada joined in imposing import tariffs on China’s electric vehicle sector. Speculation on U.S. interest rates and caution before NVIDIA’s earnings report weighed on markets. U.S. stock index futures also declined. Oil prices spiked due to Middle East tensions. Chinese stocks dropped, as Canada imposed a 100% import duty on Chinese EVs, including Tesla. Traders feared a trade war with the west. Asian stocks were muted amid speculation on rate cuts, with losses in U.S. tech stocks affecting Asian peers. Japanese stocks steadied, while Australia’s market fell slightly. India’s market was set to open weaker after breaking the 25,000 level.



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