Global shares mostly dip as the yen rises against the U.S. dollar

Market Overview - Asian shares mostly declined, with Japan's Nikkei 225 dropping 1.8% to 52,870.15, influenced by a surge in the yen against the U.S. dollar [1] - Major exporters like Toyota Motor Corp. saw a 4% decline in their shares due to the currency fluctuations [1] Currency Impact - A weak yen typically benefits Japanese exporters by increasing the value of their overseas earnings; however, the yen has recently rebounded sharply against the dollar [2] - The dollar fell to 154.27 yen from 155.01 yen, having traded around 158 yen the previous week, indicating significant currency movement [3] Regional Market Performance - South Korea's Kospi dipped 0.7% to 4,955.79, while Hong Kong's Hang Seng inched down less than 0.1% to 26,735.54; the Shanghai Composite added 0.1% to 4,141.31 [4] - U.S. futures for the S&P 500 and Dow Jones Industrial Average were down 0.3%, reflecting ongoing uncertainty over U.S. tariff policies [4] Tariff Developments - U.S. President Donald Trump's threat to impose a 100% tariff on Canadian goods was countered by Canadian Prime Minister Mark Carney, who stated Canada had no plans for a free trade deal with China [5] - In 2024, Canada implemented a 100% tariff on electric vehicles from China and a 25% tariff on steel and aluminum, prompting retaliatory tariffs from China on Canadian canola oil and pork [6] U.S. Market Performance - The S&P 500 edged up less than 0.1% to 6,915.61 but recorded a second consecutive week of modest losses; the Dow Jones Industrial Average dipped 0.6% to 49,098.71 [7] - Intel's shares fell 17%, contributing to the overall decline in Wall Street stocks [7]