Following a four-day winning streak, Hong Kong's stock market saw a slight correction on Thursday morning (24th July). The Hang Seng Index opened 9 points lower, down 0.04%, at 25,528 points. Meanwhile, the China Enterprises Index fell by 15 points, or 0.17%, to 9,225 points, and the Hang Seng Tech Index dropped 14 points, or 0.26%, to 5,730 points. Financial stocks showed mixed performances. AIA Group rose 0.21%, while Ping An Insurance and Hong Kong Exchanges and Clearing remained unchanged. HSBC Holdings climbed 0.8%, trading at HK$100.8. Among major tech stocks, Meituan fell 0.15%,...
The Nikkei 225 Index rallied 1.1% to above 41,600 while the broader Topix Index jumped 1.5% to 2,970 on Thursday, with the latter reaching all-time highs as the recently announced trade deal with the US and Japan continued to support market momentum. Japan now faces a 15% tariff on its exports to the US, lower than the 25% levy that Trump threatened in a letter earlier this month. Global sentiment improved further on reports of progress in US-EU trade talks. On the domestic front, data showed that Japan's private sector growth held steady in July, with continued strength in services...
Asia-Pacific markets opened higher as the latest trade developments between the U.S. and Japan, as well as positive signs for a deal with the European Union, spurred investor optimism. Overnight in the U.S., the S&P 500 climbed 0.78% to a record close of 6,358.91 — its 12th of the year. Japan's broad-based Topix rose 1.2% to hit a record high in early Asia trading hours, data from LSEG showed. The benchmark Nikkei 225 rose 1.09%, extending gains from Wednesday following the announcement of Japan's trade deal with the U.S. South Korea's Kospi rose 1.17% at the open, and the Kosdaq...
US stocks rallied on Wednesday (July 23), driven by optimism over a new trade agreement and strong corporate momentum. The S&P 500 rose 0.8% to a new record high, while the Nasdaq gained 0.7%. The Dow Jones Industrial Average surged 505 points, nearly reaching its own record high. The market welcomed news of a finalized trade deal between the US and Japan that includes reciprocal tariffs of 15%, with President Trump signaling similar progress in negotiations with the European Union. Reports suggesting a US-EU deal is nearing completion, mirroring Japan's framework, further boosted...