Renewed tensions between the United States and Russia have resurfaced following an incident involving an oil tanker, sparking market concerns about potential disruptions to global energy supplies. Washington's move, associated with tightening oversight and enforcement of sanctions on Russian oil shipments, is viewed by Moscow as provocative and could worsen relations between the two countries. Russia views these actions as an attempt by the United States to suppress Russian energy exports and strengthen its dominance in the global oil market. Meanwhile, Washington argues that these measures...
The Hang Seng Index started weakly, down 100 points, or 0.42%, to close at 23,791 points. The H-share index fell 32 points, or 0.37%, to close at 8,622 points, while the technology index dropped 32 points, or 0.61%, to 5,207 points. Tech shares showed a general weakening trend with Tencent down 0.5%, Alibaba 0.8%, Meituan 1.3%, Xiaomi unchanged, and Kuaishou down 0.3%. Financial shares were on a downward trajectory with HSBC Holdings down 0.4%, AIA Group 0.2%, China Ping An unchanged, and Hong Kong Stock Exchanges and Clearing down 1.1%.(alg) Source: Dimsumdaily Hong Kong
The Nikkei 225 index rose 0.9% to above 38,000 while the broader Topix index gained 0.8% to 2,778 on Monday, reversing losses from the previous session as investors appeared to downplay rising geopolitical risks in the Middle East. Clashes between Israel and Iran continued over the weekend, with both sides targeting energy infrastructure and pushing up oil prices. Iran has also threatened to close the Strait of Hormuz, a vital passageway for global oil shipments, adding to market uncertainty. Despite the global tensions, domestic focus is turning to the Bank of Japan's upcoming policy...
Asia-Pacific markets rose on Monday as investors assessed escalating Israel-Iran tensions, while awaiting a batch of data from China. Oil prices surged as Israel and Iran traded barbs, while gold prices rose, as investors sought refuge in the safe-haven metal as equity markets slumped globally. The barbs continued over the weekend. Japan's benchmark Nikkei 225 rose 0.87%, while the broader Topix index gained 0.92%. In South Korea, the Kospi index rose 0.55%, while the small-cap Kosdaq gained 0.31%. Australia's S&P/ASX 200 rose 0.24% in early trade. Investors will keep a close eye on...
The STOXX 50 dropped 1.4% and the STOXX 600 declined 1% on Friday, with both indexes closing nearly one-month lows, as rising geopolitical tensions in the Middle East triggered a broad flight to safety. Israel's launched a wave of strikes against Iran targeting nuclear infrastructure and military facilities, killing two top Iranian commanders. Israel has warned of further action, while Iran has vowed retaliation and has already deployed drones toward Israeli territory. The auto sector was among the worst performers, namely Stellantis (-3.4%), Ferrari (-2.8%), Mercedes-Benz (-1.6%), and BMW...
Wall Street's main indexes fell on Friday after Israel's deadly strike on Iranian nuclear facilities inflamed tensions in the oil-rich Middle East and battered risk sentiment across global markets. Israel has warned that the widescale strikes were the start of a prolonged operation to prevent Tehran from building an atomic weapon. Iran has promised a harsh response. Oil prices surged nearly 7% on fears the conflict could disrupt crude supply from the Middle East. U.S. energy stocks rose in tandem, with Exxon (NYSE:XOM) up 1.7%. Airline stocks dropped as fuel costs could surge if supply...
Asian stock markets fell in unison on Thursday, following Wall Street's decline. A brief rally in tech stocks led by Nvidia quickly faded, prompting investors to turn away from riskier assets like...
European stock indices closed marginally lower on Wednesday as equities took a breather from their recent strong momentum, while investors continued to assess the outlook for the ECB's policy this...
The upcoming Supreme Court ruling on the legality of President Donald Trump's massive tariffs, which rocked markets in April, is one of the next major tests for US stocks and bonds.
Equity markets...