World shares are mostly down as Trump’s tariff deadline looms, while US stocks set records

World shares mostly fell on Friday even as U.S. stocks climbed further into record heights as the clock ticks on President Donald Trump’s July 9 tariff deadline, AP reported.

In early trading in Europe, Germany’s DAX shed 0.8% to 23,730.61, while the CAC 40 in Paris fell 1.1% to 7,666.91. Britain’s FTSE 100 was down 0.4% to 8,790.21. The futures for S&P 500 and Dow Jones Industrial average were both 0.5% lower.

In Asia, Japan’s Nikkei 225 recovered early losses, gaining 0.1% to 39,810.88, while South Korea’s KOSPI index was fell 2% to 3,054.28.

Hong Kong’s Hang Seng index lost 0.6% to 23,916.06 while the Shanghai Composite index added 0.3% to 3,472.32.

Australia’s S&P/ASX 200 rose 0.1% to 8,603.00 while India’s Sensex index shed 0.1% to 83,148.45.

“Asian markets slipped into Friday like someone entering a dark alley with one eye over their shoulder — because while US equities danced higher on a sweet spotted post-payroll sugar rush, the mood in Asia was far less celebratory,” Stephen Innes, managing partner at SPI Asset Management, wrote in a commentary.a