Stocks in the US closed near the flatline on Friday as investors weighed President Trump's push for higher tariffs on the European Union against strong economic data and corporate earnings. The S&P 500 and Nasdaq 100 finished mostly muted near their records, while the Dow Jones dropped 142 points, pressured by a 2.2% decline in American Express shares. Trump reportedly demands a minimum 15-20% tariff in any deal with the EU, which is working to finalize an agreement before his August 1 deadline. On the corporate front, Netflix shares fell 5.1% despite beating revenue and earnings...
The Nikkei 225 fell 0.2% to close at 39,819 on Friday, while the broader Topix also declined 0.2% to 2,834, erasing early gains from the morning session. The Nikkei reversed a modest gain from the previous day in choppy trading, as investors stayed cautious ahead of this weekend's Upper House election. Uncertainty surrounding trade negotiations with the US also weighed on sentiment ahead of the August deadline, especially after disappointing June trade data revealed a sharp drop in shipments to the US. However, softer inflation figures helped cap the losses, raising hopes that the Bank of...
The Hang Seng Index opened 258 points higher, or 1.05%, reaching 24,757 points. The National Enterprises Index rose by 92 points, or 1.04%, to 8,945 points, while the Technology Index increased by 71 points, or 1.3%, to 5,520 points. Tech stocks performed strongly, with Tencent up by 1.5%, Alibaba rising by 2.4%, Meituan increasing by 1.8%, Xiaomi gaining 0.6%, and Kuaishou advancing by 1.7%. Automotive stocks surged, with BYD up by 1.2%, Geely rising by 1.4%, NIO soaring by 7.3%, Xiaopeng Motors gaining 1.1%, and Li Auto rising by 1%. Financial stocks also provided support to the market,...
Australian equities notched a record high as Asia-Pacific markets tracked Wall Street gains on the back of strong U.S. economic data reports and a slew of better-than-expected corporate earnings. Australia stock markets climb to record high Australia's S&P/ASX 200 climbed 0.58% to a record high of 8,689.4 during early trading hours. Year-to-date, the benchmark index as risen 6.62%, data from LSEG showed. Index heavyweights like mining giant BHP and Rio Tinto are up 1.7% and 1.32% respectively. Biotech firm CSL is up over 1.7%. Asia markets open Friday trading in the green Asia...
The Nikkei 225 Index rose 0.3% to 40,034, while the broader Topix Index also climbed 0.3% to 2,847 during Friday morning trading, marking the second straight session of gains. The advance followed a rally on Wall Street on Thursday, supported by upbeat corporate earnings and strong US economic data. The Nikkei reached its highest level in over two weeks, as recent trade agreements between the US and both Vietnam and Indonesia continued to boost investor sentiment. Traders largely shrugged off a statement from US President Donald Trump, who reiterated his intention to impose a 25% tariff on...
US stocks advanced on Thursday, supported by upbeat earnings and solid economic data as markets brushed aside lingering concerns over President Trump's criticism of the Fed and renewed tariff threats. The S&P 500 and Nasdaq 100 rose 0.5% and 0.8%, respectively both notching new record highs while the Dow Jones gained over 200 points, or 0.5%. Retail sales rebounded by 0.6% in June, beating expectations, and weekly jobless claims dropped to 221,000, the lowest level in three months, highlighting consumer resilience. United Airlines and PepsiCo led earnings-driven gains, with shares...