MANILA, Philippines — Global shares mostly gained on Thursday after U.S. stocks hit another all-time high.
In early European trading, Germany’s DAX added 0.2% to 23,829.71. In Paris, the CAC 40 edged up 0.1% to 7,740.05. Britain’s FTSE 100 gained 0.5% to 8,817.75.
The futures for S&P and Dow Jones both edged up 0.1%, while oil prices fell.
Tokyo’s Nikkei 225, which fluctuated between gains and losses during the day, added 0.1% to 39,785.90. In South Korea, the Kospi rose 1.3% to 3,116.27, while Australia’s S&P/ASX 200 slipped 0.1% to 8,589.80.
Hong Kong’s Hang Seng index lost 0.6% to 24,069.94. The Shanghai Composite index added 0.2% to 3,460.15.
Taiwan’s TAIEX gained 1.3% while India’s Sensex rose 0.2%. Vietnam’s VN Index shed earlier gains, slipping 0.2%.
Mizuho Bank, Ltd., in a commentary, said there is lopsided optimism about Vietnam’s deal with the US, with Vietnamese imports subject to 20% tariffs in return for 0% tariffs on U.S. goods.
“A higher 40% tariff on goods deemed to be transshipped via Vietnam could accentuate risks to and from China,” it said, adding that “other Asian economies will be particularly vulnerable to a two-sided geoeconomic squeeze given that their reliance on both China and U.S. are significant.” President Donald Trump said on Wednesday that he reached a deal with Vietnam, where U.S. products sold in the country will face zero tariffs and Vietnamese-made goods will face a U.S. tariff of 20%. That helped companies that import from Vietnam, including Nike, whose stock rose 4.1%. Factories in Vietnam made half of all Nike brand footwear in its fiscal year of 2024. The S&P 500 rose 0.5% and set a record for the third time in four days. The Dow Jones Industrial Average edged down by 10 points, or less than 0.1%, and the Nasdaq com