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Toymakers Hasbro, Mattel slip as Trump tariff concerns loom



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** Shares of toy manufacturers Mattel MAT.O and Hasbro HAS.O fall in mid-day trading

** Donald Trump, who was elected as the next U.S. president, could propose 60% tariffs on U.S. imports of Chinese goods that will hurt toy makers, analysts say

** Mattel down as much as 7.5% to $18.70 - set for its worst day since July 23

** Hasbro slips as much as 6.5% to $62.62, its lowest since Aug. 5

** For HAS, imports from China account for ~40% of sales; for MAT it accounts for ~50% of sales vs industry average of ~80% - Jefferies

** "If the tariffs were more widespread across all imported goods, the toy companies could be impacted materially," says Jefferies analyst Kylie Cohu

** So far this year, HAS stock up ~24%, MAT down marginally, including session's moves




Reporting by Savyata Mishra in Bengaluru

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