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...
Asia-Pacific markets fell Thursday, tracking losses on Wall Street as investors weighed U.S. President Donald Trump's 25% tariffs on auto imports. Japan's benchmark Nikkei 225 was down 1.14% lower while the broader Topix index lost 0.70%. Over in South Korea, the Kospi index declined 0.95% while the small-cap Kosdaq fell 0.54%. Hong Kong's Hang Seng Index rose 0.19% while mainland China's CSI 300 started the day 0.25% lower. Australia's S&P/ASX 200 was down 0.57%. U.S. futures edged down after the three key Wall Street indexes logged losses overnight. The S&P 500 lost 1.12% and...
The Nikkei 225 slipped 0.5% to below 37,900, while the broader Topix Index lost 0.4% to 2,800 on Thursday, snapping a two-day rally. Automakers led the decline after US President Donald Trump announced a 25% tariff on all imported cars and light trucks, set to take effect next week. Japanese carmakers saw steep losses, including Toyota Motor (-2.9%), Honda Motor (-2.3%), Subaru (-5.7%), Mazda Motor (-5.3%), and Nissan Motor (-3.5%). Technology stocks also retreated following a tech-led selloff on Wall Street. Sharp declines were recorded in Advantest (-5.3%), Fujikura (-5.1%), Disco...
Stocks dipped on Wednesday, led lower by tech, as pressure on the tariff front mounted. The S&P 500 lost 1.12% and ended at 5,712.20, while the Dow Jones Industrial Average fell 132.71 points, or 0.31%, to close at 42,454.79. The tech-heavy Nasdaq Composite shed 2.04% and closed at 17,899.01, as Nvidia shares dropped nearly 6%. Major tech names such as Meta Platforms and Amazon dropped more than 2%, while Alphabet lost more than 3%. Tesla slid more than 5%. Stocks hit session lows after the White House said that President Donald Trump will unveil new tariffs on auto imports during a...
Stocks dipped on Wednesday, led lower by tech, as pressure on the tariff front mounted. The S&P 500 lost 1.1%, while the Dow Jones Industrial Average traded 205 points lower, or 0.5%. The tech-heavy Nasdaq Composite shed about 2%, as Nvidia shares dropped more than 6%. Other major tech names such as Meta, Amazon and Alphabet lost more than 2% each, while Tesla slid more than 5.5%. Stocks hit session lows after the White House said that President Donald Trump will unveil new tariffs on auto imports during a press conference at 4 p.m. ET. General Motors and Ford shares each dropped more...
The S&P 500 traded around the flatline and the Nasdaq declined 0.2% while the Dow Jones gained about 210 points on Wednesday, as traders awaited further clarity on trade policy amid growing concerns over the economic outlook. On Tuesday, President Trump reaffirmed his opposition to too many exceptions on reciprocal tariffs, set to take effect on April 2nd. Meanwhile, durable goods orders were mixed, with total orders surprisingly rising while orders for non-defense capital goods excluding aircraft, a closely watched proxy for business spending plans, fell 0.3%, missing forecasts of a...
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...