May 26 (Reuters) - <table><tbody><tr><td>Stock Markets</td><td>closing level)</td><td>Net Chng</td><td>Stock Markets</td><td> </td><td>Net Chng</td></tr><tr><td>S&amp;P/ASX 200**</td><td>8360.9</td><td>12.2</td><td>NZX 50**</td><td>12596.5</td><td>-65.75</td></tr><tr><td>DJIA</td><td>41603.07</td><td>-256.02</td><td>NIKKEI**</td><td>37160.47</td><td>174.6</td></tr><tr><td>Nasdaq</td><td>18737.207</td><td>-188.528</td><td>FTSE**</td><td>8717.97</td><td>-21.29</td></tr><tr><td>S&amp;P 500</td><td>5802.82</td><td>-39.19</td><td>Hang Seng**</td><td>23601.26</td><td>56.95</td></tr><tr><td>SPI 200 Fut</td><td>8350</td><td>-30</td><td>STI**</td><td>3882.42</td><td>2.33</td></tr><tr><td>SSEC**</td><td>3348.3717</td><td>-31.8168</td><td>KOSPI**</td><td>2592.09</td><td>-1.58</td></tr></tbody></table> ----------------------------------------------------------------------------------------<table><tbody><tr><td>Bonds</td><td> </td><td> </td><td>Bonds</td><td> </td><td> </td></tr><tr><td>JP 10 YR Bond</td><td>1.525</td><td>-0.035</td><td>KR 10 YR Bond</td><td>2.744</td><td>-0.02</td></tr><tr><td>AU 10 YR Bond</td><td>4.4280</td><td>-0.0490</td><td>US 10 YR Bond</td><td>4.5407</td><td>-0.056</td></tr><tr><td>NZ 10 YR Bond</td><td>4.7080</td><td>0.0000</td><td>US 30 YR Bond</td><td>5.05</td><td>-0.039</td></tr></tbody></table> ---------------------------------------------------------------------------------------- <table><tbody><tr><td>Currencies</td><td> </td><td> </td><td> </td><td> </td><td> </td></tr><tr><td>SGD US$ </td><td>1.2842</td><td>-0.0081</td><td>KRW US$ </td><td>1,364.62</td><td>-16.61</td></tr><tr><td>AUD US$</td><td>0.64980</td><td>0.00890</td><td>NZD US$</td><td>0.5989</td><td>0.0091</td></tr><tr><td>EUR US$</td><td>1.1364</td><td>0.0084</td><td>Yen US$</td><td>142.54</td><td>-1.47</td></tr><tr><td>THB US$ </td><td>32.45</td><td>-0.32</td><td>PHP US$</td><td>55.351</td><td>-0.388</td></tr><tr><td>IDR US$</td><td>16,215</td><td>-110</td><td>INR US$ </td><td>85.1720</td><td>-0.7950</td></tr><tr><td>MYR US$</td><td>4.2280</td><td>-0.0420</td><td>TWD US$ </td><td>30.010</td><td>-0.035</td></tr><tr><td>CNY US$</td><td>7.1798</td><td>-0.0239</td><td>HKD US$</td><td>7.8325</td><td>0.0058</td></tr></tbody></table> ---------------------------------------------------------------------------------------- <table><tbody><tr><td>Commodities</td><td> </td><td> </td><td> </td><td> </td><td> </td></tr><tr><td>Spot Gold</td><td>3356.9939</td><td>62.8955</td><td>Silver (Lon)</td><td>33.48</td><td>0.4025</td></tr><tr><td>U.S. Gold Fut</td><td>3365.8</td><td>NOT AVAILABLE</td><td>Brent Crude</td><td>64.78</td><td>34</td></tr><tr><td>Iron Ore</td><td>CNY718</td><td>-9</td><td>TRJCRB Index</td><td>-</td><td>-</td></tr><tr><td>TOCOM Rubber</td><td>JPY318</td><td>-2</td><td>Copper</td><td>9614</td><td>113.5</td></tr></tbody></table> ----------------------------------------------------------------------------------------- ** indicates closing price All prices as of 2012 GMT EQUITIES GLOBAL - Major stock indexes and the dollar eased on Friday after U.S. President Donald Trump unleashed his latest trade threats, recommending 50% tariffs on European Union imports from June 1 and considering a 25% tariff on any Apple iPhones made outside the U.S.MSCI's gauge of stocks across the globe .MIWD00000PUS fell 2.86 points, or 0.33%, to 868.15.For a full report, click on MKTS/GLOB - - - - NEW YORK - U.S. stocks fell on Friday, notching a weekly loss, after President Donald Trump recommended 50% tariffs on European goods, reopening a new front in global trade tensions and unleashing a fresh wave of market uncertainty.The Dow Jones Industrial Average .DJI fell 256.02 points, or 0.61%, to 41,603.07, the S&amp;P 500 .SPX lost 39.19 points, or 0.67%, to 5,802.82 and the Nasdaq Composite .IXIC lost 188.53 points, or 1.00%, to 18,737.21.For a full report, click on .N - - - - LONDON - European shares closed sharply lower on Friday after U.S. President Donald Trump ramped up threats of tariffs on the European Union and smartphone giant Apple, reigniting fears of a damaging global trade war.The pan-European STOXX 600 index .STOXX closed 0.9% lower, and marked a weekly decline, its first in six. The index logged its biggest one-day fall since April 9.For a full report, click on .EU - - - - TOKYO - Japan's Nikkei share average rallied on Friday, supported by falling U.S. Treasury yields and a weaker yen, but still lost ground for the week.The gauge .N225 closed up 0.5%, trimming its five-day slide to 1.6%, the first weekly decline in more than a month.For a full report, click on .T - - - - SHANGHAI - Hong Kong stocks closed roughly flat on Friday, logging a sixth straight weekly gain, underpinned by renewed listing momentum and signs of easing Sino-U.S. trade tensions. China stocks fell on the day.China's blue-chip CSI300 Index .CSI300 ended 0.8% lower, while the Shanghai Composite Index .SSEC lost 0.9%. For a full report, click on .SS - - - - AUSTRALIA - Australian shares were likely to open lower on Monday, dragged by mining stocks as stubborn property weakness in top consumer China continued to weigh on prices while investors remained cautious after fears of global trade tensions resurfaced last week.The local share price index futures YAPcm1 fell 0.4%, a 10.9-point discount to the underlying S&amp;P/ASX 200 index .AXJO close. The benchmark rose 0.2% last week.For a full report, click on .AX - - - - SEOUL - South Korean shares closed little changed on Friday and ended the week in the red, as the U.S. tax-cut bill sparked concerns over global market volatility.The benchmark KOSPI .KS11 lost 1.58 points, or 0.06%, to end at 2,592.09.For a full report, click on KRW/ - - - - FOREIGN EXCHANGE NEW YORK - The U.S. dollar dropped across the board on Friday, as investors dumped the currency after U.S. President Donald Trump once again ratcheted up his trade war, recommending that the European Union be hit with 50% tariffs beginning June 1.The dollar index =USD, which measures the greenback against a basket of currencies, fell 0.8% to 99.09, hitting a three-week trough.For a full report, click on USD/ - - - - SHANGHAI - China's yuan inched higher against the dollar and looked set for the fifth straight weekly gain on Friday, thanks largely to a weakening greenback in overseas markets on investor concerns over U.S. fiscal challenges.As of 0356 GMT, the onshore yuan CNY=CFXS was 0.06% higher at 7.2015 per dollar.For a full report, click on CNY/ - - - - AUSTRALIA - The Australian and New Zealand dollars gained on Friday as an overnight bounce in the U.S. currency faded, but they still face some heavy resistance levels that have kept them mostly range-boundThe Aussie AUD=D3 rose 0.4% to $0.6437, recouping all its overnight losses.For a full report, click on AUD/ - - - - SEOUL - The South Korean won strengthened against the U.S. dollar.The won was quoted at 1,375.6 per U.S. dollar on the onshore settlement platform KRW=KFTC, 0.52% higher than Thursday's close at 1,382.7.For a full report, click on KRW/ - - - - TREASURIES NEW YORK - Longer-dated U.S. Treasury yields fell on Friday after President Donald Trump said he may enact tariffs on smartphone giant Apple AAPL.O and imports from the entire European Union, raising concerns about slowing economic growth.The yield on benchmark U.S. 10-year notes US10YT=RR fell 3.6 basis points to 4.517%.For a full report, click on US/ - - - - LONDON - Euro area government bond yields fell sharply and traders boosted bets on European Central Bank rate cuts on Friday after U.S. President Donald Trump said he was recommending a 50% tariff on goods from the European Union starting on June 1.U.S. Treasury yields were trading lower on Friday – with the 10-year US10YT=RR down 3 bps at 4.52%.For a full report, click on GVD/EUR - - - - TOKYO - Japanese government bonds recovered slightly on Friday, after a volatile week that saw fiscal and inflation concerns drive super-long yields to record highs.The benchmark 10-year yield JP10YTN=JBTC fell 1.5 basis point to 1.545%.For a full report, click on JP/ COMMODITIES GOLD - Gold prices rose more than 2% on Friday and logged their best week in six, as investors sought the safe-haven asset amid renewed tariff threats from U.S. President Donald Trump and a weaker dollar.Spot gold XAU= gained 2.1% to $3,362.70 an ounce by 1356 ET (1756 GMT).For a full report, click on GOL/ - - - - IRON ORE - Iron ore futures prices dipped on Friday and posted weekly losses on persistent property weakness in China as well as slowing demand for the steelmaking ingredient.The most-traded September iron ore contract on China's Dalian Commodity Exchange (DCE) DCIOcv1 ended daytime trade 1.24% lower to 718 yuan ($99.73) a metric ton.For a full report, click on IRONORE/ - - - - BASE METALS - U.S. copper prices rose to their highest in more than three weeks on Friday, buoyed by a weaker dollar and worries about problems at a big mine in Congo.Benchmark three-month copper CMCU3 on the London Metal Exchange (LME) gained 1.2% to $9,617 a metric ton by 1630 GMT, its strongest since May 14.For a full report, click on MET/L - - - - OIL - Oil prices gained on Friday as U.S. buyers covered positions ahead of the three-day Memorial Day weekend amid worries over the latest round of nuclear talks between American and Iranian negotiators.Brent crude futures LCOc1 settled at $64.78 a barrel, up 34 cents, or 0.54%.For a full report, click on O/R - - - - PALM OIL - Malaysian palm oil futures ended higher on Friday, and logged a weekly gain, though expectations of higher output capped their gains.The benchmark palm oil contract FCPOc3 for August delivery on the Bursa Malaysia Derivatives Exchange gained 7 ringgit, or 0.18%, to 3,827 ringgit ($905.16) a metric ton at the close.For a full report, click on POI/ - - - - RUBBER - Japanese rubber futures ended the week in the green on Friday on worsening weather in top producer Thailand, though gains were capped by the upcoming harvesting season and softer oil prices.The Osaka Exchange (OSE) rubber contract for October delivery JRUc6, 0#2JRU: fell 1.9 yen, or 0.59%, to close at 320 yen ($2.23) per kg.For a full report, click on RUB/T - - - - (Bengaluru Bureau; +91 80 6749 1130)

AAPL

Global markets faced declines as U.S. President Trump announced potential 50% tariffs on EU imports and 25% on Apple iPhones made outside the U.S. Major U.S. indexes fell, with the Dow down 256.02 points. European shares also dropped, marking their first weekly decline in six weeks. In Asia, Japan's Nikkei rose slightly but ended the week lower, while Hong Kong stocks remained flat. The U.S. dollar weakened against other currencies amid trade war concerns, and longer-dated Treasury yields fell as economic growth fears grew.

- Major stock indexes declined on Friday following U.S. President Donald Trump's announcement of potential tariffs on European imports, increasing market uncertainty.  
- The Dow Jones fell 256.02 points, the S&P 500 lost 39.19 points, and the Nasdaq dropped 188.53 points, marking a weekly loss for U.S. stocks.  
- European shares also closed lower, with the pan-European STOXX 600 index down 0.9%, reflecting renewed fears of a global trade war.

UPDATE 1-Asia Morning Call-Global Markets