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World shares are mostly down as Trump’s tariff deadline looms

MANILA, Philippines (AP) — Global shares mostly fell even as U.S. stocks climbed further into record heights as the clock ticks on President Donald Trump’s July 9 tariff deadline.

In early trading in Europe, Germany’s DAX shed 0.8%, while the CAC 40 in Paris fell 1.1%. Britain’s FTSE 100 was down 0.4%. In Asia, Japan’s Nikkei 225 recovered early losses, gaining 0.1%, while South Korea’s KOSPI index fell 2%.

On Thursday, after a report showed a U.S. job market stronger than Wall Street expected, the S&P 500 rose 0.8% and set an all-time high for the fourth time in five days. The Dow Jones Industrial Average added 344 points, or 0.8%, and the Nasdaq composite gained 1%.

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