Asian shares are trading mostly lower as markets mull the impact of tariffs being imposed by the United States and China.
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Currency traders work near a screen showing the Korea Composite Stock Price Index , top left, and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Wednesday, Feb. 5, 2025. “Trade tensions haven’t exploded yet, but they’re simmering dangerously close to a full boil, and anyone brushing them off does so at their own risk,” said Stephen Innes, managing partner at SPI Asset Management.
But a trade war is still possible, and some analysts say more swings may be coming because Trump’s threats should be taken both seriously and literally. Pharmaceutical giant Merck tumbled 9.1% despite beating sales and profit forecasts for the latest quarter. It gave a forecast for upcoming revenue that fell short of analysts’ expectations, due partly to a pause in shipments of one of its
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