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...
Japan stocks were lower after the close on Monday, as losses in the Paper & Pulp, Transport and Communication sectors led shares lower. At the close in Tokyo, the Nikkei 225 fell 1.22%. The best performers of the session on the Nikkei 225 were Olympus Corp. (TYO:7733), which rose 4.64% or 80.00 points to trade at 1,802.50 at the close. Meanwhile, Dentsu Inc. (TYO:4324) added 3.59% or 105.00 points to end at 3,029.00 and Eisai Co., Ltd. (TYO:4523) was up 3.55% or 161.00 points to 4,699.00 in late trade. The worst performers of the session were Advantest Corp. (TYO:6857), which fell...
Following a four-month streak of gains, the Hong Kong stock market has continued its upward momentum into September. The Hang Seng Index opened strongly, climbing by 430 points or 1.71% to reach 25,508 points. Meanwhile, the Hang Seng China Enterprises Index rose by 136 points, equivalent to a 1.52% increase, settling at 9,084 points. The Technology Index also experienced a boost, gaining 117 points or 2.07% to stand at 5,792 points. Technology stocks exhibited robust performance across the board. Tencent saw an increase of 1.4%, while Alibaba surged by an impressive 14.9% following its...
Japanese equities opened lower as investors steered clear of chip and tech shares following declines in Nvidia and Dell Technologies on the U.S. stock market over the weekend. The Topix Index was virtually unchanged at 3,074.18 as of 9:35 a.m. Tokyo time, while the Nikkei declined 1.1% to 42,258.84. Out of 1,680 stocks in the index, 1,023 rose and 573 fell, while 84 were unchanged. Selling pressure increased for electronics, machinery and precision equipment shares, while non-ferrous metal stocks took a hit. Domestic demand sectors like pharmaceuticals and...
Asia-Pacific markets traded mixed Monday as investors assess China's RatingDog manufacturing data for August. The metric - which was previously known as the Caixin Purchasing Managers' Index - came in at 50.5, compared to a contraction of 49.5 the month before. Data released Sunday showed that the country's manufacturing PMI data came in at 49.4 in August, compared to 49.3 the month before. Investors are also assessing the developments in India and China relations, after leaders from both countries agreed that they are development partners, not rivals during a two-day meeting of the...
US stocks fell in the afternoon trading as investors took profits following a strong week that saw the S&P 500 reach record highs, amid signs that inflationary pressures remain persistent in the US economy. The S&P 500 lost 0.8%, the Nasdaq 100 declined 1.4%, and the Dow slipped 0.4%. Technology shares leading the retreat, with Nvidia dropping 3.8% as cautious guidance on China sales weighed on sentiment, while Dell slumped 8.6% after disappointing forecasts. Inflation remained in focus as the Fed's preferred gauge, the core PCE index, rose 2.9% year-on-year in July, the highest...
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...