Hang Seng drops as European markets rise after Trump delays EU tariff hike

European shares and U.S. futures experienced a surge following President Trump’s decision to postpone a 50% tariff on EU goods until July 9. This decision boosted Germany’s DAX and France’s CAC 40, while U.S. futures also climbed. However, most Asian markets declined, with Hong Kong’s Hang Seng Index taking a significant hit, despite gains in Tokyo and Seoul.