The Hang Seng Index reversed its downward trend in Hong Kong on Thursday (February 12th), weakening by around 0.9% to around 27,000 after a strong session earlier. This decline halted the momentum of the short term rally, as investors began to reduce risk in large cap stocks. Among the index's contributors, Tencent was a major drag, with its shares falling by around 2.3%, putting pressure on the technology sector, which has recently been a driving force behind market gains. Weakness in large cap companies like this typically quickly impacts sentiment due to their significant weighting in...
U.S. President Donald Trump said on Monday that he was arranging a meeting between Russian President Vladimir Putin and Ukrainian President Volodymyr Zelensky to discuss an end to their longstanding conflict. Trump also raised the possibility of trilateral talks with the two after their initial meeting. "I called President Putin, and began the arrangements for a meeting, at a location to be determined, between President Putin and President Zelenskyy. After that meeting takes place, we will have a Trilat, which would be the two Presidents, plus myself," Trump said in a Truth.Social...
President Donald Trump said Monday he believes Russian President Vladimir Putin wants to end the war in Ukraine, suggesting potential progress toward peace negotiations. Trump made the remarks during a bilateral meeting with Ukrainian President Volodymyr Zelenskiy in the White House's Oval Office, which followed Friday's Russia-United States Alaska summit where Trump met with Putin. "I believe Putin wants it to end," Trump stated during the meeting, adding that there's a "possibility that something could come out of Putin meeting." The U.S. president hinted at potential three-way...
U.S. President Donald Trump told President Volodymyr Zelenskiy on Monday that the United States would help guarantee Ukraine's security in any deal to end Russia's war there, though the extent of any promised assistance was not immediately clear. Trump made the pledge during an extraordinary summit at the White House, where he hosted Zelenskiy and a group of European allies two days after Trump met with Russian President Vladimir Putin in Alaska and months after a disastrous Oval office meeting where Trump and Vice President JD Vance publicly criticized the Ukrainian leader. A peace deal...
United States (US) President Donald Trump announced an ongoing desire to resolve the ongoing Russia-Ukraine war during a joint press conference with Ukrainian President Volodymyr Zelenskyy on Monday. This marks the second joint press conference between Trump and another head of state involved in the Ukrainian invasion, following Friday's joint presser with Trump and Russian President Vladimir Putin. Donald Trump's soft rhetoric on hopefully, maybe finding some semblance of a peace deal marks a sharp about-face from the language Trump used just before he met with Putin late last week....
U.S. President Donald Trump claimed on Monday that he "knows exactly" what he's doing regarding the Russia-Ukraine conflict, while criticizing those who question his approach. In a post on Truth Social, Trump asserted he had "settled 6 Wars in 6 months, one of them a possible Nuclear disaster," and said that the the ongoing war as "Sleepy Joe Biden's war, not mine," adding that he was "only here to stop it, not to prosecute it any further." He again insisted the conflict "would have NEVER happened" during his administration. The president dismissed critics, particularly mentioning the Wall...