{"id":71029,"date":"2026-08-28T04:08:16","date_gmt":"2026-08-28T08:08:16","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-react-to-toyotas-china-slump-and-death-of-norways-king\/71029\/"},"modified":"2026-08-28T04:08:16","modified_gmt":"2026-08-28T08:08:16","slug":"global-markets-react-to-toyotas-china-slump-and-death-of-norways-king","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-react-to-toyotas-china-slump-and-death-of-norways-king\/71029\/","title":{"rendered":"Global Markets React to Toyota\u2019s China Slump and Death of Norway\u2019s King"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_86 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-react-to-toyotas-china-slump-and-death-of-norways-king\/71029\/#Key_Takeaways\" >Key Takeaways<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-react-to-toyotas-china-slump-and-death-of-norways-king\/71029\/#Toyota_Sales_Slide_Amid_Chinas_EV_Pivot\" >Toyota Sales Slide Amid China\u2019s EV Pivot<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-react-to-toyotas-china-slump-and-death-of-norways-king\/71029\/#Norway_Mourns_the_Death_of_King_Harald_V\" >Norway Mourns the Death of King Harald V<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-react-to-toyotas-china-slump-and-death-of-norways-king\/71029\/#Starlink_Secures_10-Year_UAE_License\" >Starlink Secures 10-Year UAE License<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-react-to-toyotas-china-slump-and-death-of-norways-king\/71029\/#Climate_Shocks_Threaten_French_Agriculture\" >Climate Shocks Threaten French Agriculture<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-react-to-toyotas-china-slump-and-death-of-norways-king\/71029\/#Aluminum_Premiums_Retreat_on_Weak_Demand\" >Aluminum Premiums Retreat on Weak Demand<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Key_Takeaways\"><\/span>Key Takeaways<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><strong>Toyota Motor (<a href=\"\/stock\/TM\">TM<\/a>)<\/strong> global sales fell <strong>5.3% in July<\/strong>, marking a sixth straight month of decline as China sales plunged <strong>24.3%<\/strong> due to rising fuel costs and EV competition.<\/li>\n<li><strong>King Harald V of Norway<\/strong> has died at age <strong>89<\/strong>; his son, <strong>Crown Prince Haakon<\/strong>, succeeds him as <strong>King Haakon VIII<\/strong> amid a period of national mourning.<\/li>\n<li><strong>Elon Musk\u2019s Starlink<\/strong> has secured a 10-year license from the <strong>UAE<\/strong> to provide satellite internet services, expanding its footprint in the Middle East.<\/li>\n<li><strong>French Finance Minister Roland Lescure<\/strong> warned of &quot;extremely difficult&quot; harvests in several regions due to extreme weather, threatening the country&#39;s agricultural output.<\/li>\n<li><strong>Aluminum producers<\/strong> are seeking <strong>$310\/t<\/strong> premiums for Q4 shipments to Japan, a <strong>22% decrease<\/strong> from the current quarter, reflecting cooling physical demand.<\/li>\n<\/ul>\n<hr>\n<h2><span class=\"ez-toc-section\" id=\"Toyota_Sales_Slide_Amid_Chinas_EV_Pivot\"><\/span>Toyota Sales Slide Amid China\u2019s EV Pivot<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Toyota Motor (<a href=\"\/stock\/TM\">TM<\/a>) reported a <strong>5.3% year-on-year decline<\/strong> in global sales for July, totaling <strong>912,683 units<\/strong>. The slump was primarily driven by a <strong>24.3% collapse<\/strong> in the Chinese market, where the company is struggling against a rapid consumer shift toward domestic electric vehicles (EVs).<\/p>\n<p>Rising gasoline prices in China have severely dampened demand for traditional internal combustion engine (ICE) and hybrid vehicles. While Toyota Motor (<a href=\"\/stock\/TM\">TM<\/a>) saw a <strong>15% increase<\/strong> in global electrified vehicle sales, this was not enough to offset the losses in its largest markets, including a <strong>44.5% drop<\/strong> in the Middle East.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Norway_Mourns_the_Death_of_King_Harald_V\"><\/span>Norway Mourns the Death of King Harald V<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Royal Palace in Oslo announced the passing of <strong>King Harald V<\/strong> on Friday at the age of <strong>89<\/strong>. The monarch, who had reigned since 1991, died peacefully at Oslo University Hospital following a battle with <em>haemolytic anaemia<\/em>.<\/p>\n<p>His son, <strong>Crown Prince Haakon<\/strong>, has immediately ascended the throne as <strong>King Haakon VIII<\/strong>. The transition comes at a sensitive time for the Norwegian monarchy, which remains a central pillar of national identity despite recent family controversies.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Starlink_Secures_10-Year_UAE_License\"><\/span>Starlink Secures 10-Year UAE License<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The <strong>UAE Telecommunications and Digital Government Regulatory Authority (TDRA)<\/strong> has granted a formal license to <strong>SpaceX\u2019s Starlink<\/strong> to provide satellite internet services. The license is valid for <strong>10 years<\/strong>, allowing the company to offer high-speed, low-latency connectivity across the Emirates.<\/p>\n<p>This move follows successful integrations of Starlink on major carriers like <strong>Emirates<\/strong> and <strong>flydubai<\/strong>. The service is expected to provide critical infrastructure for remote areas and maritime operations, further diversifying the UAE\u2019s digital economy.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Climate_Shocks_Threaten_French_Agriculture\"><\/span>Climate Shocks Threaten French Agriculture<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>French Finance Minister <strong>Roland Lescure<\/strong> warned that harvests will be &quot;extremely difficult&quot; in several regions following a summer of record-breaking heat and drought. The <strong>Agriculture Ministry<\/strong> expects the corn harvest to be the lowest since 1980, with a projected <strong>35% decline<\/strong> in volume.<\/p>\n<p>The agricultural crisis is expected to weigh on France\u2019s GDP, which was already revised downward to <strong>0.0% growth<\/strong> for the second quarter. <em>Analysts suggest that these climate-driven supply shocks could lead to renewed inflationary pressure on food prices across the Eurozone.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Aluminum_Premiums_Retreat_on_Weak_Demand\"><\/span>Aluminum Premiums Retreat on Weak Demand<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A major global aluminum producer has opened negotiations for October-December shipments to Japan with a sought premium of <strong>$310 per metric ton<\/strong>. This figure represents a <strong>22% drop<\/strong> from the <strong>$395\/t<\/strong> settled in the previous quarter.<\/p>\n<p>The downward revision reflects a &quot;tug-of-war&quot; between producers and Japanese buyers, who are citing high inventories and sluggish demand in the automotive and construction sectors. As Japan is Asia\u2019s largest importer of the metal, this settlement will likely set the benchmark for regional pricing through the end of 2026.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Toyota Motor (TM) global sales fell 5.3% in July, marking a sixth straight month of decline as China 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