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...
Hong Kong stocks fell 0.8% to 23,260 in early Monday trade, extending losses for a second session amid broad sector declines. Sentiment remained weak as investors braced for US reciprocal tariffs set for Wednesday. Meanwhile, an upbeat Chinese PMI failed to offer support despite data showing factory activity at a one-year high and service growth at a three-month high. On the corporate front, CK Hutchison dropped nearly 3% after Chinese state media condemned its port sale near the Panama Canal to BlackRock's group. Other notable laggards included Lenovo (-2.2%), Xiaomi (-2%), Tencent...
The Shanghai Composite fell 0.2% to below 3,345, while the Shenzhen Component dropped 0.9% to 10,510 on Monday, extending losses from the previous session as investors braced for new US tariffs set to take effect this week. Over the weekend, President Donald Trump stated he "couldn't care less" if foreign automakers raise prices in response to the tariffs, while The Wall Street Journal reported that he is pressuring advisors to take a more aggressive stance on trade policies. Meanwhile, data showed that China's manufacturing activity expanded at its fastest pace in a year in March, while...
Tokyo's key Nikkei index fell three percent in early trade on Monday, ahead of the imposition this week of tariffs announced by US President Donald Trump. The benchmark Nikkei 225 index shed 3.02 percent, or 1,122.77 points, to 35,997.56, while the broader Topix index was down 2.86 percent, or 78.85 points, to 2,678.40.
Stocks sold off Friday, pressured by growing uncertainty on U.S. trade policy as well as a more grim outlook on inflation. The Dow Jones Industrial Average closed down 715.80 points, or 1.69%, at 41,583.90. The S&P 500 shed 1.97% to 5,580.94, ending the week down for the fifth time in the last six weeks. The Nasdaq Composite plunged 2.7% to settle at 17,322.99. Shares of several technology giants dropped, putting pressure on the broader market. Google-parent Alphabet lost 4.9%, while Meta and Amazon each shed 4.3%. This week, the S&P 500 lost 1.53%, while the 30-stock Dow shed...
European stock markets traded lower on Friday, as global investors digested this week's tariff announcements from the Trump administration and weighed fresh economic data out of the United States. The pan-European Stoxx 600 closed 0.77% lower, its third straight negative close. The U.K.'s FTSE 100 closed just below the flatline, while France's CAC 40 and the German Dax both lost around 1%.Investors were reacting to the U.S. core personal consumption expenditures price index — the Federal Reserve's preferred inflation measure — which rose more than expected on Friday, according to an update...
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...