Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
BOJ Governor Ueda Highlights Uncertainty Over Future Interest Rate Hikes 
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
Dollar Weakens Ahead of Expected Federal Reserve Rate Cut 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
U.S. Stocks End Week Higher as Markets Anticipate Fed Rate Cut 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
Vietnam’s November Trade Sees Monthly Decline but Strong Year-on-Year Growth 
Japanese stocks plunged on Friday, hitting their lowest levels since August as market fears over a global recession intensified following U.S. President Donald Trump’s sweeping tariff announcement. The Nikkei 225 fell 2.6% to 33,818.18 as of 0230 GMT, putting it on track for a 9% weekly decline—its sharpest since March 2020. The broader Topix index dropped 3.5% to 2,477.96, eyeing a 10% weekly loss.
The selloff followed a brutal session on Wall Street, where the S&P 500 saw one of its worst single-day losses in years, wiping out $2.4 trillion in market value. Investor sentiment soured rapidly after Trump introduced the steepest U.S. trade barriers in over a century, pushing traders toward safe-haven assets like the Japanese yen—adding further pressure on export-heavy Japanese equities.
Hiroyuki Ueno, chief strategist at Sumitomo Mitsui Trust Asset Management, noted that investors shifted to a risk-off mode, aggressively selling holdings. On Friday, 28 of the Tokyo Stock Exchange’s 33 industry sub-indexes were in the red, with bank stocks taking the hardest hit. The banking sector fell 10% in a single session and is heading for a record 20% weekly drop.
Bank shares, once favored on expectations of rising interest rates, are now under pressure as concerns mount that the Bank of Japan may delay policy tightening. Mitsubishi UFJ Financial Group shares plunged 10.3%, marking their worst day since August.
Meanwhile, defensive domestic stocks gained. Real estate firm Mitsui Fudosan climbed 5%, and East Japan Railway rose 3.8%. BOJ Deputy Governor Shinichi Uchida reiterated that rate hikes remain on the table, but the central bank is closely watching the fallout from higher U.S. tariffs.
