Top global stories this week: BYD, Taiwan Semiconductor notable names

Most major stock indexes across the globe ended the week mixed. Weaker-than-expected August U.S. jobs data raised concerns about a slowing economy, even as expectations for Federal Reserve rate cuts firmed.

Over the week, S&P 500 (SP500 [https://seekingalpha.com/symbol/SP500]) advanced 0.2% and Nasdaq 100 (COMP:IND [https://seekingalpha.com/symbol/COMP:IND]) moved up by 0.9%, while the Dow Jones (DJI [https://seekingalpha.com/symbol/DJI]) fell 0.3%.

Across the Atlantic, THE EUROPEAN EQUITIES (STOXX [https://seekingalpha.com/symbol/STOXX]) ended the week lower by 0.6% amid a broad selloff in global equities.

On the data front, the Euro Area economy [https://seekingalpha.com/news/4492616-euro-area-gdp-grows-01-in-q2] showed moderate growth, slightly outperforming initial estimates in the second quarter. While industrial prices and inflation edged higher [https://seekingalpha.com/news/4490958-euro-area-inflation-rate-rises-to-21-in-august], retail sales declined [https://seekingalpha.com/news/4492132-euro-area-retail-sales-rise-22-year-over-year-in-july] after a strong previous month. Business activity remained stable, with the composite PMI [https://seekingalpha.com/news/4491532-eurozone-composite-pmi-rises-in-august-while-services-pmi-edges-lower] showing a slight uptick, though services growth softened.

UK retail sales [https://seekingalpha.com/news/4492581-uk-retail-sales-rises-11-yy-in-july] picked up pace in July 2025, outperforming expectations, while business activity strengthened further in August, with the Composite PMI revised higher [https://seekingalpha.com/news/4491522-uk-composite-and-services-pmis-rise-sharply-in-august] and marking continued growth from the previous month.

THE ASIA-PACIFIC MARKETS ended the week mixed as Japan’s Nikkei 225 (NKY:IND [https://seekingalpha.com/symbol/NKY:IND]) gained 1.6%, while Chinese markets (SHCOMP [https://seekingalpha.com/symbol/SHCOMP]) dropped 1.5% in the last week.

U.S. President Donald Trump signed an executive order on Thursday enacting a trade deal with Japan [https://seekingalpha.com/news/4492563-trump-finalizes-japan-trade-deal-with-15-percent-tariffs] that imposes 15% baseline tariffs on most Japanese goods, including autos, while Japan agreed to invest $550 billion in U.S. government-selected projects.

On the data front, in August, China’s Manufacturing PMI [https://seekingalpha.com/news/4490690-chinas-factory-activity-rebounds-in-private-survey-while-official-data-stays-weak] and Services PMI climbed [https://seekingalpha.com/news/4491496-china-services-pmi-hits-15-month-high-to-530-in-august-as-new-export-orders-surge], both beating forecasts, with growth driven by rising new orders despite weaker foreign demand. Japan's Services PMI rose [https://seekingalpha.com/news/4491498-japan-services-pmi-revised-upward-at-531-in-august-amid-rise-in-new-orders], signaling a fifth month of growth, while the Manufacturing PMI fell [https://seekingalpha.com/news/4490691-japan-manufacturing-pmi-revised-down-to-497-in-august-shrinks-for-13th-time-in-14-months], marking continued contraction in the sector.

Meanwhile, Japan’s Prime Minister Shigeru Ishiba intends to step down [https://seekingalpha.com/news/4492882-japan-prime-minister-ishiba-to-step-down] under party pressure following a big parliamentary election loss over the summer.

In MAJOR ASIAN CORPORATE NEWS from this week:

* BYD (OTCPK:BYDDF [https://seekingalpha.com/symbol/BYDDF]) (OTCPK:BYDDY [https://seekingalpha.com/symbol/BYDDY]) has cut its sales target [https://seekingalpha.com/news/4492108-chinas-byd-trims-2025-vehicle-sales-target-by-16-amid-softening-growth---report] for the year by as much as 16% to 4.6 million vehicles, as the Chinese EV giant faces its slowest annual growth in five years. The company reported a 30% slide in Q2 profit [https://seekingalpha.com/news/4490960-byd-company-sees-sharp-fall-in-q2-profit-as-china-price-war-bites].
* The U.S. has revoked Taiwan Semiconductor Manufacturing Co.’s (TSM [https://seekingalpha.com/symbol/TSM]) authorization to ship key equipment to its main China facility, ending its fast-track export privilege.

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