Asia-Pacific markets traded lower as investors weigh recent trade developments. Asia markets started the trading day lower. Japan's benchmark Nikkei 225 fell 0.24%, while the Topix lost 0.55%. South Korea's Kospi was flat and the small-cap Kosdaq slipped 0.48%. Australia's S&P/ASX 200 lost 0.41%. Japan's benchmark Nikkei 225 was set to start the trading day lower, with the futures contract in Chicago at 41,740 and its counterpart in Osaka at 41,640, against the index's last close at 41,826.34. Futures for Hong Kong's Hang Seng index stood at 25,505, pointing to a weaker open...
Japanese stocks rose after the close on Wednesday (2/5), as gains in the Textiles, Marine Transportation and Services sectors boosted shares. At the close in Tokyo, the Nikkei 225 gained 0.08%. The best performers on the Nikkei 225 were Bandai Namco Holdings Inc (TYO:7832), which rose 13.73% or 530.00 points to trade at 4,389.00 at the close. Meanwhile, Panasonic Corp (TYO:6752) rose 13.66% or 209.00 points to close at 1,738.50 and Honda Motor Co Ltd (TYO:7267) gained 8.19% or 113.50 points to 1,500.00 in late trade. The worst performers on the session were Yokogawa Electric Corp....
Asia-Pacific markets were mixed Wednesday after Wall Street rose overnight, shrugging off Trump tariffs and China's retaliatory measures. All eyes are on China, which resumed trading after the Lunar New Year holidays and as the Chinese government announced tariffs on U.S. imports in retaliation to duties on its exports. Mainland China's CSI300 Index started the day up, but reversed course to drop 0.61%. China's Caixin Services PMI came in at 51.0 in January, compared with December's 52.2 reading, showing a slowdown in the country's services activity. Hong Kong's Hang Seng index started...
The Nasdaq Composite and S&P 500 moved higher on Tuesday due to a strong gain in Palantir as Wall Street sought stable footing following the latest developments on the global trade front. The tech-heavy index jumped 1.35% to 19,654.02, while the S&P 500 rose 0.72% to 6,037.88. The Dow Jones Industrial Average climbed 134.13 points, or 0.3%, to 44,556.04. Palantir shares popped about 24% on fourth-quarter results that beat analysts' expectations and had hit a fresh record high. Other Big Tech names such as Nvidia were moving in sympathy with Palantir's climb.The chip giant advanced...
The Dow Jones Industrial Average (DJIA) is testing the 44,450 region on Tuesday, with equities slowing their recent pace of volatility as United States (US) President Donald Trump walks back nearly all of his recent trade war blustering and kicks his self-imposed tariff can down the road for a third time. US import tariffs on goods from Mexico and Canada have been delayed for up to 30 days, while planned tariffs on China are still on the table and warnings of tariffs on goods from the European Union are also in the pipe. Despite all the trade war bluster, the Trump administration's three...
European stock markets closed higher Tuesday after U.S. President Donald Trump's decision overnight to delay tariffs on Canada and Mexico raised hopes that Europe could also avoid duties. The pan-European Stoxx 600 ended the day 0.22% higher. UBS shares fell 7% after the lender's fourth-quarter results and up to $3 billion share buyback plans failed to impress. The move higher comes after European stocks slumped on Monday as investors reacted to Trump's decision to impose trade tariffs on Canada, Mexico and China, and threatened to introduce levies on goods from the European Union and...