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...
Japan stocks were higher after the close on Thursday, as gains in the Real Estate, Banking and Textile sectors led shares higher. At the close in Tokyo, the Nikkei 225 added 1.88% to hit a new 3-months high. The best performers of the session on the Nikkei 225 were Recruit Holdings Co Ltd (TYO:6098), which rose 6.43% or 543.00 points to trade at 8,988.00 at the close. Meanwhile, Nissan Motor Co., Ltd. (TYO:7201) added 5.95% or 21.40 points to end at 380.80 and Hino Motors, Ltd. (TYO:7205) was up 5.69% or 25.60 points to 475.40 in late trade. The worst performers of the session were Bandai...
(Hong Kong) The Hang Seng Index opened 17 points lower, down 0.07% at 23,240 points. The National Enterprises Index fell 9 points, or 0.11%, to 8,434 points, while the Technology Index gained 2 points, up 0.05%, reaching 5,177 points. In the technology sector, Tencent rose by 0.4%, whereas Alibaba and Meituan both declined by 0.3%. Xiaomi saw no change, while JD.com dropped 2.1% and Kuaishou increased by 0.6%. Financial stocks showed mixed results, with HSBC falling 0.3%. AIA and China Ping An remained unchanged, while the Hong Kong Stock Exchange rose 0.2%. In the automotive sector, BYD...
Asia-Pacific markets traded mixed Wednesday, after Wall Street gains on investor optimism after U.S. President Donald Trump extended the deadline for a 50% tariff on European Union imports until July 9. Japan's benchmark Nikkei 225 and Topix traded flat to close at 37,722.4 and 2,769.51 respectively. South Korea's Kospi jumped 1.25% to end the trading day at 2,670.15 and the small-cap Kosdaq Index advanced 0.23% to close at 728.79. Australia's S&P/ASX 200 slipped 0.13% to close at 8,396.9. Australia's inflation rate rose 2.4% in April, unchanged since February but higher than the...
The Nikkei 225 Index rallied 1.4% to above 38,200 while the broader Topix Index gained 1.1% to 2,800 on Thursday, extending this week's rally after a US federal court blocked President Donald Trump's global tariff measures. The US Court of International Trade ruled that Trump had exceeded his authority in imposing reciprocal tariffs and ordered the measures to be vacated and permanently enjoined. The Trump administration is expected to appeal the decision. On the domestic front, Bank of Japan Governor Kazuo Ueda signaled growing concern over rising super-long-term bond yields, stressing...
U.S. stocks closed lower on Wednesday as investors weighed earnings, Fed minutes and trade tensions ahead of Nvidia's results. The S&P 500 and Nasdaq each fell 0.5%, and the Dow dropped 224 points. Nvidia shares rose 1% ahead of earnings, which are seen as a key test of AI-driven market optimism. The Fed minutes reflected a cautious stance, warning of "difficult compromises" amid economic uncertainty. Trade concerns resurfaced after the Trump administration asked U.S. companies to halt some semiconductor software sales to China, putting pressure on Cadence and Synopsys. Okta fell more...
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...