The Nikkei 225 rose 0.33% to close at 39,821 on Wednesday, while the broader Topix Index advanced 0.41% to 2,828, extending gains from the previous session despite growing trade tensions. Investors assessed the latest tariff developments from Washington, where US President Donald Trump confirmed that there would be no revisions or delays to the updated duties targeting 14 countries. Japan is set to face a 25% tariff beginning August 1. Japanese Prime Minister Shigeru Ishiba called the move "truly regrettable" but emphasized that Tokyo will continue talks with the US in pursuit of a...
The Hang Seng lost 256 points or 1.1% to close at 23,892 on Wednesday, giving up gains from the prior session amid weak data from China. Consumer prices on the mainland edged up in June for the first time in five months, but deflation risks lingered. Meanwhile, producer prices fell the most in two years as muted demand and tariff-related uncertainties intensified price competition. Losses were broad-based, driven by falls tech, property, and consumers. Henderson Land plunged 8.6% after issuing a HKD-denominated convertible bond. Other notable laggards included Sun Hung Kai Properties...
Wall Street's main indexes opened higher on Wednesday, as investors shrugged off President Donald Trump's aggressive tariff moves and kept a close watch on negotiations with global trade partners. At 9:31 a.m. ET, the Dow Jones Industrial Average opens new tab rose 177.94 points, or 0.40%, to 44,418.70, the S&P 500, opens new tab gained 25.54 points, or 0.41%, to 6,251.06 and the Nasdaq Composite, opens new tab gained 118.04 points, or 0.58%, to 20,536.50. Source: Reuters