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 rose 2% at 20,953.34 in Hong Kong. The move follows the previous session's decrease of 2.2%. Meituan contributed the most to the index gain, increasing 5.6%. Haidilao International Holding Ltd. had the largest increase, rising 9.3%. Today, 65 of 82 shares rose, while 16 fell; all sectors were higher, led by commerce and industry stocks. Source : Bloomberg
Japanese stocks fell on Thursday as the yen slumped to its lowest since July, with Donald Trump's victory in the U.S. presidential election fueling expectations of a weaker yen due to his expansionary economic agenda. The Nikkei 225 fell 0.25% to close at 39,381.41. Trump's economic policies are seen as more expansionary and inflationary than Harris', reducing the likelihood of aggressive Federal Reserve interest rate cuts. The Japanese market, known for its size and liquidity, saw heavy trading in the dollar-yen pair during Asian hours. The yen fell 1.6% to 153.98 per dollar in Tokyo,...
Trump won the presidential election. Hong Kong market fell sharply. The market opened lower on Thursday. Hang Seng index opened down 153 points, H share index down 54 points and technology index down 42 points. Xiaomi lost 1.8% for 14-point loss. Meituan lost 0.68% for 12-point loss. Alibaba lost 0.63% for 10-point loss. BYD ;pst 2/75% for 13-point loss. Techtronic lost 4.6% for 12-point loss to become the top loser. HSBC went ex-dividend and caused 17-point loss. Source : aastocks.com
The Nikkei 225 Index dropped 0.8% to below 39,200 on Thursday, reversing some of the gains made in the previous session, as technology stocks faced pressure amid concerns that a sharp decline in the yen could prompt further intervention by Japanese authorities. Investors also remained focused on the broader economic implications of Donald Trump's US presidential election victory, both globally and for Japanese companies. In economic news, real wages in Japan slipped 0.1% in September, as consumer inflation accelerated to 2.9%, outpacing the 2.8% rise in nominal wages. Technology stocks led...
Stocks rallied sharply on Wednesday, with major benchmarks hitting record highs, as Donald Trump won the 2024 presidential election. The Dow Jones Industrial Average surged 1,508 points to a record high, or around 3.6%. The last time the blue-chip Dow jumped more than 1,000 points in a single day was in November 2022. The S&P 500 also hit an all-time high, popping 2.5%. The Nasdaq Composite climbed nearly 3% to a record of its own. NBC News projects that Trump will defeat his Democratic rival, Kamala Harris, after winning at least 291 Electoral College votes, including key swing states...
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...