European markets moved higher at the open on Tuesday, reversing course from a four-day losing streak fuelled by red-hot global tariff tensions. The regional Stoxx 600 index was around 1% higher shortly after the opening bell, with almost every sector and all major bourses in positive territory. The index ended Monday's session around 4.5% lower, marking its lowest closing level since January 2024. Key regional indices including the U.K.'s FTSE 100, the German DAX and France's CAC 40 also all closed sharply lower. Global equity markets have been rocked by the frequent updates around U.S....
The Hang Seng surged 299 points or 1.5% to close at 20,128 on Tuesday, partly rebounding from Monday's historic 13.2% fall, the steepest one-day loss since 2008. Gains were broad-based, led by tech and consumers, as hopes emerged that Washington might ease its tariff stance. In response to recent market turmoil, China moved state-owned firms and listed companies to help calm sentiment. Chinese financial regulator also plans to raise equity asset cap for some insurers by about 5%, aiming at channeling more long-term capital into stocks and supporting the economy. However, the index trimmed...
Major U.S. stock indexes rallied more than 3% on Tuesday, snapping a three-day losing streak marked by heightened volatility, as investor sentiment improved on hopes of progress in U.S. tariff negotiations. The S&P 500 surged 3.1%, the Dow Jones soared by 1,300 points (3.5%), and the Nasdaq rose 3.2%. The rebound followed comments from Treasury Secretary Scott Bessent, who disclosed that roughly 70 countries, including Japan, have reached out to the White House to initiate tariff talks. Despite the market optimism, U.S.-China tensions remained elevated. Beijing reiterated its resolve to...