US President Donald Trump renewed his threat on Monday to raise tariffs on Indian goods over its purchase of Russian oil. Meanwhile, New Delhi called Trump's attack "unprovoked" and vowed to protect its economic interests, deepening a trade rift between the two countries. In a social media post, Trump wrote, "Not only does India buy large quantities of Russian oil, but they also sell most of that purchased oil on the open market for huge profits. They don't care how many people in Ukraine are killed by the Russian war machine." "Therefore, I will substantially increase the tariffs India...
European shares inched up on Wednesday on gains in Airbus shares, while sentiment remained cautious ahead of a deadline for U.S. trading partners to make their "best offers" and as the U.S. levies on steel and aluminium imports kick in. Airbus SE (OTC:EADSY) shares rose 3.4% after Bloomberg News reported Chinese airlines are considering ordering hundreds of aircraft as soon as next month. The pan-European STOXX 600 rose 0.3% by 0707 GMT, having rallied about 15% from its early April lows as U.S. President Donald Trump paused sweeping tariffs and struck a trade agreement with the...
Japan stocks were higher after the close on Wednesday, as gains in the Real Estate, Banking and Textile sectors led shares higher. At the close in Tokyo, the Nikkei 225 gained 0.78%. The best performers of the session on the Nikkei 225 were Furukawa Electric Co., Ltd. (TYO:5801), which rose 6.31% or 428.00 points to trade at 7,206.00 at the close. Meanwhile, Tokuyama Corp. (TYO:4043) added 6.01% or 170.00 points to end at 2,998.00 and Shiseido Co., Ltd. (TYO:4911) was up 5.94% or 137.00 points to 2,441.50 in late trade. The worst performers of the session were Yamato Holdings Co., Ltd....
(Hong Kong) The Hang Seng Index initially opened lower by 12 points at 23,499 before showing a repeated positive trend, currently up by 168 points or 0.71% at 23,680. Meanwhile, the H-share index has risen by 68 points or 0.8% to 8,588, and the technology index has climbed by 40 points or 0.77% to reach 5,229. Market turnover stands at 38.2 billion Hong Kong dollars.As of 9.56am, the Hang Seng index was trading at 23,637.78, up by 125.29 points or 0.53% today on June 4th. In the tech sector, Tencent saw a 1.4% increase, Alibaba rose by 0.5%, Meituan surged by 1.7%, Xiaomi Group gained 2%,...
The Nikkei 225 Index jumped 1% to around 37,800 while the broader Topix Index gained 0.5% to 2,785 on Wednesday, snapping a three-day losing streak as gains on Wall Street fueled investor optimism. The upbeat sentiment followed a tech-driven rally in the US, where Nvidia surged nearly 3% to reclaim its title as the world's most valuable publicly traded company, overtaking Microsoft. Back in Japan, Bank of Japan Governor Kazuo Ueda reiterated the central bank's readiness to raise interest rates if economic and inflation projections are met, reinforcing expectations of a cautious shift toward...
Asia-Pacific markets advanced Wednesday after Wall Street rose on the back of a tech rally, led by chipmaker Nvidia, with South Korean stocks leading gains. Shares in the artificial intelligence darling advanced nearly 3%, extending Monday's gains and driving Nvidia's market cap past Microsoft's for the first time since January. Chip companies Broadcom and Micron Technology rose more than 3% and 4%, respectively. South Korean markets rose as opposition party leader Lee Jae-myung won the presidential election. The Kospi index popped 2.44% to hit its highest level since August last year,...
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.
It...
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 European Union will suspend its two packages of countermeasures to U.S. tariffs for six months following a deal with U.S. President Donald Trump, a Commission spokesperson said on Monday.
The...