The Hang Seng rose 174 points or 0.7% to close at 25,562 on Monday, rebounding from losses in the prior session amid broad-based gains, led by financials and property stocks. Sentiment improved as the U.S. and China were set to resume trade talks in Stockholm, with reports suggesting a likely three-month extension of their tariff truce. Markets were near their highest in four years, lifted by news about the U.S.–EU trade deal, which set a 15% tariff on most EU goods, half the previously threatened rate. However, gains were capped by caution ahead of Hong Kong's June trade data due later...
European markets rebounded on Tuesday, with the Stoxx 50 and Stoxx 600 rising over 1%, recovering from a four-session losing streak. This comes after both indexes fell about 1.5% the previous day to two-month lows, as investors braced for President Trump's new trade tariffs set to take effect on Wednesday. Uncertainty remains over the scope of the tariffs, with reports suggesting a 20% levy on most U.S. imports. Meanwhile, Eurozone inflation cooled to 2.2% in March, in line with expectations. In corporate news, Thyssenkrupp surged over 7% after analysts at Kepler Cheuvreux upgraded the...
U.S. stocks fell Tuesday, as the market awaited clarity from President Donald Trump regarding his tariff policy rollout. Tuesday also marks the beginning of the second-quarter after a bumpy first quarter. The Dow Jones Industrial Average dropped 238 points, or 0.6%. The S&P 500 shed 0.4%, and the Nasdaq Composite slid 0.3%. Shares of Alphabet and Apple lost more than 1% each. Tesla, meanwhile, climbed more than 2%. The White House on Wednesday is expected to unveil reciprocal tariffs on goods from virtually all countries. Investors had been hoping for a narrow approach toward...
The Hang Seng rose by 87 points, or 0.4%, to close at 23,207 on Tuesday, following a weak session the day before, as it moved away from a four-week low, lifted by expansion in the Chinese manufacturing sector. A private survey showed that factory activity in the mainland grew the most in four months, following Monday's official data that revealed the manufacturing sector expanded at the fastest pace in a year. However, capping the gains, traders anticipated the unveiling of Trump's tariffs on Wednesday. Tech, commercial services, energy minerals, and miscellaneous sectors mainly drove the...
Japan's Topix Index eked out a small gain after paring most of its earlier rise, as a fall in US futures added to worries about Donald Trump's upcoming reciprocal tariffs. Topix rose 0.1% to 2,661.73 as of market close in Tokyo, after rising as high as 2,697.33 in morning trade Nikkei was virtually unchanged at 35,624.48 Drugmakers and trading houses contributed the most to the Topix's advance, while banks and electronics makers were the heaviest drag. "There's noticeable selling in sectors seen as sensitive to the economy, such as banks and tech," as concerns about...
European stocks rebounded on the first day of the quarter as investor focus remained on an expected tariff announcement from the US. The Stoxx 600 gained 0.9% at 8:06 a.m. in London. AstraZeneca Plc rose 1.6% as its experimental cholesterol drug significantly reduced "bad" cholesterol in a mid-stage trial. US President Donald Trump will announce his reciprocal tariff push on Wednesday during an event in the White House Rose Garden, his top spokeswoman said, adding that the announcement would feature "country-based" levies. European sectors exposed to duties, such...