Asian markets mostly pull back on worries about Trump’s latest tariff threats
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 26 2024
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Source: MarketWatch
Market Reaction to Trump's Tariff Plans: Asian shares mostly fell due to concerns over President-elect Donald Trump's intention to impose significant tariffs on Mexico, Canada, and China upon taking office.
Performance of Major Indices: Japan's Nikkei 225 dropped 1.2%, Australia's S&P/ASX 200 decreased by 0.4%, and South Korea's Kospi fell by 0.6%, while Hong Kong's Hang Seng and Shanghai Composite both saw a slight increase of 0.4%.
Analyst Views on DJIA
Wall Street analysts forecast DJIA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DJIA is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 22.130
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Current: 22.130
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
