Renewed tensions between the United States and Russia have resurfaced following an incident involving an oil tanker, sparking market concerns about potential disruptions to global energy supplies. Washington's move, associated with tightening oversight and enforcement of sanctions on Russian oil shipments, is viewed by Moscow as provocative and could worsen relations between the two countries. Russia views these actions as an attempt by the United States to suppress Russian energy exports and strengthen its dominance in the global oil market. Meanwhile, Washington argues that these measures...
The S&P 500 dropped 2.7%, the Dow tumbled 970 points, and the Nasdaq sank 3.1% on Friday, hitting their lowest levels since last August and extending the previous session's sell-off. The trade war escalated further as China's finance minister announced a 34% tariff on all US imports, mirroring the levy imposed by President Trump on Wednesday. Investor anxiety is mounting over the economic fallout, with many economists warning of higher prices, slower growth, and a potential recession. On the data front, payrolls rose way more than expected, continuing to point to a healthy labour...
Major bourses in Europe extended their losses on Friday, with the STOXX 50 dropping 0.9% and the STOXX 600 falling 1%, reaching their lowest levels since mid-January. This extended the sharp sell-off from the previous session, when the benchmarks tumbled 3.7% and 2.7%, respectively. Investor sentiment remains cautious following the Trump administration's tariff announcement. In response, the EC has stated it is preparing countermeasures, French President Macron urged French companies to halt planned investments in the US and Germany's outgoing economy minister predicted that Trump would...
Japan stocks were lower after the close on Friday, as losses in the Paper & Pulp, Transport and Communication sectors led shares lower. At the close in Tokyo, the Nikkei 225 fell 2.80% to hit a new 6-months low. The best performers of the session on the Nikkei 225 were Nitori Holdings Co Ltd (TYO:9843), which rose 5.30% or 780.00 points to trade at 15,510.00 at the close. Meanwhile, KDDI Corp. (TYO:9433) added 4.70% or 107.00 points to end at 2,382.50 and Secom Co., Ltd. (TYO:9735) was up 4.33% or 215.00 points to 5,178.00 in late trade. The worst performers of the session were...
The Nikkei 225 fell 2% to around 34,000, while the broader Topix Index dropped 2.3% to 2,510 on Friday, extending losses from the previous session and hitting their lowest levels in about eight months. Japanese shares also tracked a sharp selloff on Wall Street overnight which wiped out $4 trillion in market value as US President Donald Trump's sweeping tariffs stoked fears of an all-out trade war and a global recession. The tariffs—including a 24% levy on Japanese imports and a 25% tariff on car shipments—have dealt a significant blow to Japan's export-heavy economy, particularly its...
Asia-Pacific markets extended declines on Friday, tracking steep losses on Wall Street after U.S. President Donald Trump's tariffs rattled global markets. Australia's S&P/ASX 200 fell 1.06%. Japan's Nikkei 225 fell 1.84% while the Topix declined 2.35%. South Korea's Kospi lost 1.15% and the small-cap Kosdaq traded 0.68% lower.Hong Kong and China markets are closed for the Qingming Festival. A verdict by South Korea's Constitutional Court to remove impeached President Yoon Suk Yeol is expected later Friday. Should he be removed from office, it will trigger a 60-day countdown where an...
Asian stock markets fell in unison on Thursday, following Wall Street's decline. A brief rally in tech stocks led by Nvidia quickly faded, prompting investors to turn away from riskier assets like...
European stock indices closed marginally lower on Wednesday as equities took a breather from their recent strong momentum, while investors continued to assess the outlook for the ECB's policy this...
The upcoming Supreme Court ruling on the legality of President Donald Trump's massive tariffs, which rocked markets in April, is one of the next major tests for US stocks and bonds.
Equity markets...