<h1>Global markets mixed as tariff announcements trigger gains in Asia and Europe but US stocks decline</h1> Global markets showed mixed reactions to the administration's tariff announcements, with most Asian and European shares rising despite trade tensions. European markets gained modestly, with Germany's DAX up 0.2% and Britain's FTSE 100 rising 0.2%. Asian markets performed stronger, with South Korea's Kospi surging 1.8% and Hong Kong's Hang Seng climbing 1.1%. However, US markets declined broadly, with the S&P 500 falling 0.8% after the administration announced 25% tariffs on goods from Japan and South Korea effective August 1, plus additional tariffs on several other countries. The administration also threatened 10% tariffs on BRICS-aligned nations, though analysts suggest markets remain optimistic about potential trade deals before the deadline.