MANILA, Philippines (AP) \u2014 Global shares are mostly down on Friday after Wall Street closed at an all-time high with Delta Air Lines kicking off earnings season with a solid outlook for the rest of 2025, spurring an airline stock rally.<\/p>\n
In early European trading, Germany\u2019s DAX lost 0.9% to 24,246.86. In Paris, the CAC 40 shed 0.7% to 7,850.46, while Britain\u2019s FTSE 100 edged 0.2 percent down to 8,956.81.<\/p>\n
In Asia, shares were mixed. Chinese markets were sharply higher in earlier trading, buoyed by signs of possible additional stimulus measures in China and Goldman Sachs Group\u2019s upgrade of Hong Kong stocks to market-weight. The gains were later trimmed, with the Hang Seng in Hong Kong finishing 0.6% higher to 24,172.50, and the Shanghai Composite up 0.1% to 3,510.18 .<\/p>\n
Tokyo\u2019s Nikkei 225 closed 0.2% lower to 39,569.68, while South Korea\u2019s Kospi shed 0.2% to 3,173.77. <\/p>\n
Australia\u2019s S&P\/ASX 200 slipped 0.1% to 8,580.10, and India\u2019s BSE Sensex fell 0.8% to 82,518.15.<\/p>\n
The S&P 500 futures was down 0.5%. The Dow Jones Industrial Average futures slid 0.6%.<\/p>\n
\u201cJust as the market was catching its breath at new highs\u2014drunk on Nvidia fumes and blissfully ignoring the dollar\u2019s quiet groan\u2014President Trump tugged the rug again. A new act in the tariff opera: 35% duties on Canadian imports, with a sweeping upgrade in blanket tariffs now floating between 15% and 20%,\u201d Stephen Innes of SPI Asset Management said in a commentary.<\/p>\n
\u201cAsian equities, initially hopeful, wilted into flat lines as if someone had pulled the plug on the optimism generator. There\u2019s a growing sense now that risk has become radioactive\u2014tradable, but only in hazmat gloves,\u201d he added.<\/p>\n
On Thursday, Wall Street added to its recent milestones as the market closed at an all-time high after Delta Air Lines kicked off earnings season with a solid outlook for the second half of the year.<\/p>\n
The S&P 500 rose 0.3%, inching past the record<\/a> it set last week after a better-than-expected June jobs report<\/a>.<\/p>\n The Nasdaq composite edged up 0.1%, enough of a gain to notch a new high for the second day in a row. The Dow Jones Industrial Average finished 0.4% higher.<\/p>\n Delta surged 12%, bringing other airlines along with it, after beating Wall Street\u2019s revenue and profit targets. The Atlanta airline also gave a more optimistic view for the remaining summer travel season than it had just a couple months ago. <\/p>\n The airline and other major U.S. carriers had pulled or slashed their forecasts<\/a> in the spring, citing macroeconomic uncertainty amid U.S. President Donald Trump\u2019s tariff rollouts, which have consumers feeling uneasy about spending on travel.<\/p>\n Meanwhile, bitcoin (BTC-USD) climbed to a new all-time high Thursday, breaking above $113,000. <\/p>\n