The Hang Seng index slumped 206 points, or 0.8%, to close at 25,952 on Tuesday, losing early gains as sentiment soured amid a broad sectoral decline. The technology index fell 1.8% after US President Trump said Nvidia would be banned from selling its most advanced AI chips to China, although it would allow some sales to Beijing. Traders largely shrugged off reports that China was raising subsidies, cutting energy bills for major data centers. Consumer and property stocks also weakened, following declines in mainland China as US index futures plunged on uncertainty over the Fed's interest...
European stocks continued their gains for a second consecutive session on Tuesday (June 5), with the STOXX 50 and STOXX 600 rising 0.4%. Investors continued to shift their focus to corporate earnings while closely monitoring global trade developments. Meanwhile, market participants are increasingly anticipating a potential interest rate cut by the Fed. In the corporate sector, BP shares rose 1.1% after the oil major reported better-than-expected second-quarter earnings. Diageo jumped 6% after reaffirming its full-year forecast, while DHL jumped 5% following a solid profit...
Japanese stocks rose after the close on Tuesday (August 5th), driven by gains in the Real Estate, Banking, and Textile sectors. At the close of trading in Tokyo, the Nikkei 225 rose 0.74%. The best-performing stocks on the Nikkei 225 were NTN Corp. (TYO:6472), which rose 15.05%, or 39.00 points, to trade at 298.20. Meanwhile, GS Yuasa Corp. (TYO:6674) rose 7.45%, or 202.00 points, to close at 2,913.50, and Furukawa Electric Co., Ltd. (TYO:5801) rose 7.17%, or 653.00 points, to close at 9,764.00. The worst-performing stock during the session was LY Corp (TYO:4689), which plunged 12.20%, or...
Hong Kong stocks fell 26 points, or 0.1%, to 24,711 on Tuesday morning, reversing gains from the previous session. Traders remained cautious after the city's weather bureau extended its highest "black" rain warning until 11:00 a.m., as heavy rain disrupted schools, hospitals, courts, and civil registry offices. The Hong Kong Stock Exchange remained open with revised policies that allow trading to continue regardless of the weather. Investors also cautiously awaited China's July trade data and upcoming inflation figures, amid concerns over rising trade barriers and weak domestic demand....
The Nikkei 225 rose 0.5% to 40,500, while the broader Topix Index rose 0.4% to 2,928 on Tuesday, recovering from the previous session's decline and mirroring overnight gains on Wall Street. US stocks rallied on Monday, driven by strong corporate earnings and renewed hopes for a Federal Reserve interest rate cut. Domestically, minutes from the Bank of Japan's June meeting showed policymakers were open to further interest rate hikes if trade tensions ease, although the board still considered the current rate appropriate amid lingering uncertainty. Industrial and consumer stocks led the...