BUZZ-Toymakers fall after Trump's heavy tariffs on Asian countries

Reuters
04-04
BUZZ-Toymakers fall after Trump's heavy tariffs on Asian countries

** Shares of toy manufacturers Hasbro HAS.O and Mattel MAT.O down after President Donald Trump imposes new reciprocal tariffs on manufacturing hubs in Asia, among other regions, given their exposure to Asian countries

** Monopoly board game maker HAS down as much as 14.2% to more than a year's low of $53.81, and Barbie parent MAT down as much as 14.5% to nearly a nine month low of $16.99

** This week's sweeping tariffs have caused absolute chaos and confusion among toy and game makers of all sizes — James Zahn, editor in chief at The Toy Book magazine

** "It's important to note that the U.S. toy industry doesn't have a vast domestic manufacturing base to protect," he adds, noting that international partners, especially those across Asia, are already under pressure to reduce costs

** Pop culture figurines maker Funko FNKO.O and Canada-listed Spin Master TOY.TO also down 17% and 8%, respectively

** YTD, including session moves, HAS and MAT have fallen 1.5% and 3.5% respectively, while FNKO is down 57% and TOY has dipped 33%

(Reporting by Neil J Kanatt in Bengaluru)

((Neil.JKanatt@thomsonreuters.com;))

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