By Ed Ballard

Here are some notable stock-market moves around the world, as investors continued to grapple with the implications of President Trump's sweeping tariffs.

Mining companies

-- Miners are being hit by fears a possible global economic downturn will hit demand for raw materials.

-- Shares of Glencore, one of the world's largest producers of copper, was down over 9% in London midday trading Friday. Anglo American and Rio Tinto also dropped.

-- On Friday, China-a huge source of demand from commodities-said it would hit all U.S. goods with a new 34% retaliatory tariff.

Consumer electronics

-- Shares of Samsung Electronics extended the previous day's losses, dropping 2.6% in South Korea. The company does much of its manufacturing in Vietnam, a country facing a 46% tariff rate due to its large trade deficit with the U.S.

7 The Magnificent 7

-- Off-market trades pointed to the "Magnificent 7" tech stocks continuing their slide Friday. They collectively shed over $1 trillion of market value Thursday, their worst day on record.

-- Apple has heavy exposure to manufacturing in China. A broader recession, meanwhile, would hit demand for advertising, cars and technology services.

Japanese carmakers

-- Carmakers particularly exposed to tariffs are those with large Mexican manufacturing operations.

-- That includes Toyota, which makes its Tacoma pickup south of the border, and Nissan with its Sentra compact sedan. Shares in both Japanese companies sold off Friday.

Consumer staples

-- Companies selling staples are bucking the broader selloff, as investors seek out defensive stocks that hold up well when times get tough.

-- The best performers among Europe's largest companies included beauty-products company L'Oréal and Danone, which sells Activia yogurt and Evian water.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

April 04, 2025 07:37 ET (11:37 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.