April 4 (Reuters) -

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** indicates closing price

All prices as of 2008 GMT

EQUITIES

GLOBAL - Stock indexes tumbled on Thursday, with the S&P 500 down more than 4%, while the U.S. dollar weakened and oil prices fell more than 6% as President Donald Trump’s drastic U.S. trade tariffs stoked fears of a global recession and led investors to seek safe-haven assets like bonds and the yen.

MSCI's gauge of stocks across the globe .MIWD00000PUS fell 23.64 points, or 2.83%, to 812.47.

For a full report, click on MKTS/GLOB

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NEW YORK - U.S. stocks were heading for sharp closing declines on Thursday, with the bloodbath engulfing megacap technology names and small companies alike, as President Donald Trump's sweeping tariffs on major U.S. trade partners ignited fears of an all-out trade war and a global economic recession.

At 03:07 p.m. EDT, the S&P 500 .SPX sank 232.04 points, or 4.09%, to 5,439.73 points, while the Nasdaq Composite .IXIC slumped 903.44 points, or 5.13%, to 16,697.60. The Dow Jones Industrial Average .DJI fell 1,400.87 points, or 3.32%, to 40,824.45.

For a full report, click on .N

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LONDON - European shares tumbled on Thursday, notching their biggest daily loss in eight months, on fears an escalating trade war would slam the brakes on economic growth in the wake of hefty tariffs announced by U.S. President Donald Trump.

The pan-European STOXX 600 .STOXX sank 2.7%, falling back to its lowest since January.

For a full report, click on .EU

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TOKYO - Japan's Nikkei share average slumped to an eight-month low on Thursday after U.S. President Donald Trump revealed a broad set of reciprocal tariffs, including a larger-than-anticipated 24% levy on Japanese goods.

The Nikkei .N225 dropped as much as 4.6% in early trading, diving to 34,102.00, its lowest point since August 7.

For a full report, click on .T

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SHANGHAI - China's yuan dropped to its lowest level in seven weeks and stock markets slumped on Thursday after U.S. President Donald Trump unveiled a sweeping set of reciprocal tariffs that were particularly heavy on China and its main trading partners.

China's blue-chip CSI 300 Index .CSI300 fell 0.6% to a two-month low, while Hong Kong's Hang Seng Index .HIS fell 1.5%.

For a full report, click on .SS

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AUSTRALIA - Australian shares were set to fall on Friday, tracking Wall Street losses as investors reeled from the fallout of U.S. President Donald Trump’s drastic trade tariffs which stoked fears of a global recession.

The local share price index futures YAPcm1 fell 1.2%, a 73.7-point discount to the underlying S&P/ASX 200 index .AXJO close. The benchmark fell 0.9% on Thursday.

For a full report, click on .AX

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SEOUL - South Korean shares trimmed early losses on Thursday, as investors hoped for lower tariffs after the government vowed to negotiate with the Trump administration, which proposed a 26% tariff against the Asian ally.

The benchmark KOSPI .KS11 closed down 19.19 points, or 0.77%, at 2,486.67. During the session, the index fell as much as 2.7% to its lowest intraday level in three months.

For a full report, click on KRW/

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FOREIGN EXCHANGE

NEW YORK - The euro and the Japanese yen soared against the dollar on Thursday, as investors grappled with how U.S. President Donald Trump's far-reaching tariffs will impact global trade and economic growth.

The dollar fell 2.6% on the Japanese yen to 145.45, and sank 3.03% on the Swiss franc to 0.8554 franc CHF=EBS.

For a full report, click on USD/

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SHANGHAI - China's yuan slumped to a seven-week low against the U.S. dollar after President Donald Trump unveiled sweeping reciprocal tariffs that were particularly heavy on China and its trading partners, piling depreciation pressure on the currency.

The onshore yuan CNY=CFXS fell to 7.3060 per dollar, its weakest since February 13.

For a full report, click on CNY/

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AUSTRALIA - The Australian and New Zealand dollars fell while bonds rallied on Thursday after U.S. unleashed new tariffs on the rest of the world, raising the stakes in a global trade war that threatens to derail economic growth and fuel inflation.

The Aussie AUD=D3 tumbled to as low as $0.6226 before recovering most of the losses and was last down 0.3% at $0.6279.

For a full report, click on AUD/

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SEOUL - The won was quoted at 1,467.0 per dollar on the onshore settlement platform KRW=KFTC, 0.31% lower than its previous close.

For a full report, click on KRW/

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TREASURIES

NEW YORK - U.S. Treasury yields plunged on Thursday, after U.S. President Donald Trump announced larger-than-expected tariffs on a global scale, greatly stoking recession fears and sending investors scurrying into safe havens.

The yield on the benchmark U.S. 10-year Treasury note US10YT=TWEB tumbled 14.6 basis points to 4.049% after falling to a 4.004%, its lowest since November 25.

For a full report, click on US/

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LONDON - Euro area government bond yields dropped and markets briefly increased their bets on future European Central Bank rate cuts on Thursday as the U.S. tariff announcement by President Donald Trump drove fears of a trade war which would hurt global growth.

Germany's 10-year yield DE10YT=RR, the euro area's benchmark, dropped to its lowest since March 4, and was last down 9 basis points at 2.636.

For a full report, click on GVD/EUR

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TOKYO - Japanese government bond (JGB) yields tanked on Thursday, as bets for the Bank of Japan's early interest rate hikes retreated as U.S tariffs stoked worries about the slowdown of the global economy.

The 10-year JGB yield JP10YTN=JBTC fell as much as 13 basis points to 1.34% earlier in the session to hit its lowest level since February 26.

For a full report, click on JP/

COMMODITIES

GOLD - Gold prices trimmed losses on Thursday after falling over 2% from an all-time high, as a wider market selloff triggered by U.S. President Donald Trump's import tariffs infected bullion traders.

Spot gold XAU= fell 0.85% to $3,106.99 as of 01:47 a.m. EDT (1747 GMT) after scaling to a record high of $3,167.57 earlier in the session.

For a full report, click on GOL/

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IRON ORE - Iron ore futures inched lower on Thursday after U.S. President Donald Trump unveiled a broad set of reciprocal tariffs, although seasonal demand for the steelmaking ingredient helped cushion the downward trend.

The most-traded May iron ore contract on China's Dalian Commodity Exchange (DCE) DCIOcv1 ended daytime trade 0.32% lower at 788.5 yuan ($108.05) a metric ton.

For a full report, click on IRONORE/

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BASE METALS - Base metals fell in London on Thursday, with copper hitting a one-month low as investors feared the new broad U.S. tariffs would stall global growth and affect industrial demand for metals.

Benchmark three-month copper CMCU3 on the London Metal Exchange $(LME.AU)$ was down 3.3% at $9,378 per metric ton by 1605 GMT, after earlier hitting $9,353, its lowest since March 4.

For a full report, click on MET/L

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OIL - Oil prices swooned on Thursday to settle with their steepest percentage loss since 2022, after OPEC+ agreed to a surprise increase in output the day after U.S. President Donald Trump announced sweeping new import tariffs

Brent futures LCOc1 settled at $70.14 a barrel, down $4.81, or 6.42%.

For a full report, click on O/R

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PALM OIL - Malaysian palm oil futures slipped on Thursday, snapping a four-session rally, as profit-taking weighed down the market following U.S President Donald Trump's reciprocal tariffs on trade partners.

The benchmark palm oil contract FCPOc3 for June delivery on the Bursa Malaysia Derivatives Exchange slid 27 ringgit, or 0.6%, to 4,490 ringgit ($1,011.26) a metric ton at the close.

For a full report, click on POI/

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RUBBER - Japanese rubber futures fell to their lowest since March 11on Thursday after U.S. President Donald Trump announced a sweeping set of tariffs, dampening the global demand outlook and escalating a trade war.

The Osaka Exchange (OSE) September rubber contract JRUc6, 0#2JRU: slid 3.92% to finish at 331.3 yen ($2.26) per kg, closing near a three-week low of 331.1 yen.

For a full report, click on RUB/T

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(Bengaluru Bureau; +91 80 6749 1130)