Hang Seng, FTSE fall with global markets on trade uncertainty; oil climbs on geopolitical risks

Global stock markets experienced a downturn due to fading optimism regarding trade tensions, while oil prices surged amid potential sanctions on Moscow. Nvidia’s strong earnings report provided a bright spot, contrasting with concerns raised by US companies about the impact of tariffs on consumers. European markets mirrored Asia’s decline, and investors appeared to be reassessing the reliability of US assets.