Core consumer prices in the US, which exclude food and energy, rose by 0.3% from the previous month in July of 2025, picking up from the 0.2% increase in the previous month for the sharpest increase since January. The result was in line with the median consensus from markets. Prices accelerated for transportation services (0.8% vs 0.2% in June), medical care services (0.8% vs 0.6%), and rebounded sharply for new vehicles (0.5% vs -0.7%). Source: Trading Economics
Hong Kong shares hit a three-year high Friday, leading gains in the region as investors weighed inflation data from Japan against tariff threats from U.S. President Donald Trump. Hong Kong's Hang Seng Index rose 3.76% to its highest level since February 2022, according to data from LSEG. The Hang Seng Tech index added 6.15%. Shares of Hong Kong listed Alibaba rose 14.7% following a significant profit increase for the company in the December quarter, driven by growth in its Cloud Intelligence division and e-commerce sector. Mainland China's CSI 300 rose 1.26% to close at 3,978.44. Japan's...
Asia-Pacific markets trade mixed Friday as investors assessed inflation data from Japan, while the threat of U.S. President Donald Trump's tariffs dents investor sentiment. Japan's Nikkei 225 slipped 0.43%, while the Topix declined 0.33%. Japan's inflation rate in January climbed to 4%, hitting its highest level since January 2023. Core inflation — which excludes prices of fresh food — rose to 3.2%, beating Reuters' expectations of 3.1%.South Korea's Kospi traded 0.42% lower while the small-cap Kosdaq added 0.43%. Hong Kong's Hang Seng Index rose 2.25%, while the Hang Seng Tech index added...
(Hong Kong) The Hang Seng Index has opened with a notable increase of 513 points, or 2.27%, reaching 23,090 points. Meanwhile, the National Enterprises Index rose by 203 points, equivalent to 2.45%, settling at 8,526 points. The Technology Index also saw significant gains, climbing 184 points, or 3.36%, to 5,684 points.Leading the charge were technology stocks, with Alibaba experiencing a remarkable surge of 10% after its earnings report. Tencent rose by 3.7%, Meituan by 1.2%, Xiaomi Group by 1.8%, JD.com by 4.5%, Kuaishou by 4.5%, and Bilibili saw an impressive increase of 9.4%.In the...
The Nikkei 225 Index dropped 0.5% to below 38,500, while the broader Topix Index fell 0.3% to 2,726 on Friday, marking a third consecutive session of declines. The pullback came as hotter-than-expected inflation figures reinforced a hawkish outlook for Bank of Japan monetary policy. Data revealed that core inflation in Japan accelerated to 3.2% in January, up from 3% in December, surpassing forecasts of 3.1%. Headline inflation also rose to 4% from 3.6%, hitting a two-year high. The benchmark indexes were further pressured this week by US President Donald Trump's tariff threats and hawkish...
US stocks slumped on Thursday after Walmart's disappointing outlook raised concerns about economic growth. The S&P 500 and Nasdaq 100 retreated from record highs, down 0.4% and 0.5%, respectively, while the Dow Jones Industrial Average dropped 450 points, weighing on Walmart's shares. Despite beating earnings expectations, Walmart's cautious fiscal 2026 guidance sent its shares down 6.5%, dragging down other retailers such as Target (-2%) and Costco (-2.6%). Investor sentiment was further dampened as Palantir slumped 5.3% amid reports of impending Pentagon budget cuts and its CEO's...
China's official NBS Manufacturing PMI increased to 49.7 in June 2025 from May's 49.5, matching market expectations while marking the third consecutive month of contraction in factory activity.
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Both the STOXX 50 and STOXX 600 hovered around the flatline on Friday, as investors adopted a cautious stance ahead of further developments in trade talks between US President Trump and Chinese...
The very data that caused President Donald Trump to fire the head of the Bureau of Labor Statistics because he did not like the July employment report, calling it "rigged," is being taken as serious...