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 1.05%. The best performers of the session on the Nikkei 225 were Fanuc Corp. (TYO:6954), which rose 5.00% or 211.00 points to trade at 4,431.00 at the close. Meanwhile, Sharp Corp (TYO:6753) added 4.93% or 33.50 points to end at 713.50 and Taiyo Yuden Co., Ltd. (TYO:6976) was up 3.85% or 104.50 points to 2,820.00 in late trade. The worst performers of the session were Dainippon Screen Mfg. Co., Ltd....
Major bourses in Europe were higher on Monday, with the STOXX 50 adding 1.3% and the STOXX 600 gaining 1%, after the US and European Union reached a trade agreement over the weekend, easing transatlantic trade tensions. The deal includes a 15% tariff on European exports, half the 30% initially threatened by the US. Certain goods, such as aircraft components and specific chemicals, will be exempt from tariffs, while duties on automobiles will be reduced to a 15% rate. The agreement also includes provisions for the EU to purchase US energy and boost its investments in the country. The auto...
The Hang Seng rose 174 points or 0.7% to close at 25,562 on Monday, rebounding from losses in the prior session amid broad-based gains, led by financials and property stocks. Sentiment improved as the U.S. and China were set to resume trade talks in Stockholm, with reports suggesting a likely three-month extension of their tariff truce. Markets were near their highest in four years, lifted by news about the U.S.–EU trade deal, which set a 15% tariff on most EU goods, half the previously threatened rate. However, gains were capped by caution ahead of Hong Kong's June trade data due later...