Apple Tests China’s CXMT Memory Chips for iPhones and MacBooks Amid AI Supply Crunch 
JPMorgan Plans More Asia-Pacific Hiring in 2027 as Corporate Banking Revenue Surges 
Yen Stabilizes After Intervention Slide as Australian Dollar Hits Eight-Week High 
Hims & Hers Shares Fall as GLP-1 Costs Widen Q2 Loss 
Asian Stocks Rise as Weak US Jobs Data Eases Fed Rate Hike Bets 
ADNOC Gas Targets Up to $4B Profit in 2026 
UK Retail Sales Rise as World Cup and Heatwave Boost Food, Pubs and Clothing 
China Inflation Cools in July as CPI Misses Forecast, PPI Deflation Eases 
Cloudflare Stock Jumps 15% as Earnings Beat Estimates, 2026 Outlook Raised 
Gold Prices Rise as Fed Rate Hike Bets Ease 
Goldman Sachs Sees US Stock Buybacks Outpacing Equity Issuance as AI Funding Rises 
S&P 500, Nasdaq Futures Rise as Iran Risks and CPI Loom 
Nintendo Shares Jump as Switch 2 Sales Boost Earnings 
Australian Shares Fall as Westpac Slides, Miners Gain Ahead of RBA Decision 
England Drought Expands to 71% as Heatwave Deepens Water Crisis 
Mercedes-Benz Stock Offers Deep-Value Potential as Citi Sees Recovery Catalysts 
Austal Shares Surge 16% as Hanwha Offers Up to $1.2 Billion for U.S. Shipbuilding Business 
Japanese automaker stocks plunged on Thursday following U.S. President Donald Trump's announcement to impose 25% tariffs on imported cars and light trucks starting April 2. The news sparked investor concern over the future of Japanese car exports to the U.S., a critical market for the nation's auto industry.
Toyota Motor Corp (NYSE: TM, TYO: 7203) dropped 2.8% to 2806.0 yen as of 00:51 GMT. Nissan Motor Co. (OTC: NSANY, TYO: 7201) shares fell 3.1%, while Subaru Corp (OTC: FUJHY, TYO: 7270) saw a steep 5.8% decline. Honda Motor Co. (NYSE: HMC, TYO: 7267) slipped 2%, and Mazda Motor Corp. (OTC: MZDAY, TYO: 7261) dropped 5.6%. Mitsubishi Motors Corp. (TYO: 7211) also slid 4.5%.
The broader Nikkei 225 index declined 0.8%, reflecting wider market anxiety. The proposed auto tariffs are expected to raise the cost of exporting vehicles to the U.S., forcing Japanese automakers to rethink pricing, production strategies, and global supply chains.
The U.S. remains one of the largest markets for Japanese car manufacturers, and the looming tariffs pose a serious threat to profitability and market share. Industry analysts warn that long-term impacts could include reduced export volumes, job losses, and potential production shifts to avoid tariffs.
As tensions rise between the U.S. and its global trade partners, Japan’s auto sector may face mounting pressure to adapt quickly. The next few weeks will be critical for automakers as they assess the economic impact and potential countermeasures to safeguard their U.S. operations.
