Major European bourses started the week in positive territory after President Trump announced a delay in the planned 50% tariff on the European Union, extending the deadline to July 9. The move came following a phone call with European Commission President Ursula von der Leyen, who stated that "Europe is ready to advance talks swiftly and decisively," but noted that "a good deal" would require time, "until July 9. Under the reciprocal tariff framework announced in April, the EU had been facing a 20% levy, which was temporarily reduced to 10% through the new deadline. Autos, banks,...
Japan stocks were higher after the close on Monday, as gains in the Real Estate, Banking and Textile sectors led shares higher. At the close in Tokyo, the Nikkei 225 rose 1.01%. The best performers of the session on the Nikkei 225 were Keisei Electric Railway Co., Ltd. (TYO:9009), which rose 5.77% or 77.00 points to trade at 1,412.00 at the close. Meanwhile, Lasertec Corp (TYO:6920) added 4.98% or 705.00 points to end at 14,865.00 and CyberAgent Inc (TYO:4751) was up 4.51% or 64.00 points to 1,481.50 in late trade. The worst performers of the session were Isetan Mitsukoshi Holdings Ltd....
The Hang Seng tumbled 319 points or 1.4% to close at 23,282 on Monday, erasing gains from the previous session as losses spread across consumer, tech, and financial sectors. The selloff followed remarks by U.S. President Trump, who threatened a 25% tariff on iPhones not made in the U.S.—later adding Samsung would face similar treatment. iPhone supplier Luxshare slipped 0.2%. BYD tumbled 9% after launching steep discounts in a recent promotion, dragging down other EV makers: Geely Auto (-8.6%), Li Auto (-4.0%), NIO (-3.5%), and Xpeng (-4.4%). Caution also grew ahead of China's industrial...