The S&P 500 rose 0.4% on Friday (July 25), notching its fifth consecutive record close—its longest streak in more than a year—while the Nasdaq 100 gained 0.2% after hitting an intraday high. The Dow Jones Industrial Average gained 208 points as investors digested a wave of trade developments and corporate earnings. Optimism surrounding trade talks contributed to the rally, with President Trump scheduled to meet with European Commission President Ursula von der Leyen on Sunday amid hopes of a US-EU deal. Deals were also reached with Japan, Indonesia, and the Philippines ahead of the...
Hong Kong stocks plunged for a fifth straight day on Thursday (March 13), as investor sentiment remained gloomy amid fears of a looming global trade war. The Hang Seng Index fell 0.58%, or 137.66 points, to 23,462.65. The Hang Seng China Enterprises Index also fell 0.48%, or 41.52 points, to 8,640.61. Trade tensions remained high after the Trump-led US administration said it would respond to the EU's retaliatory measures against the US's 25% steel and aluminium tariffs, SCMP reported on Thursday. The US economic policy, which has introduced a number of new tariffs since Donald Trump took...
The Hang Seng slumped 138 points, or 0.6%, to close at 23,463 on Thursday (3/13), extending losses for a second session amid a broad-based rout. The tech index fell 1.7%, dragged down by Semicon Manufacturing (-4.9%), Meituan (-2.2%), and Alibaba Hlds. (-2.5%). Sentiment weakened as the Trump administration raised trade barriers, prompting retaliation from the EU and Canada. China also vowed to take all necessary steps to protect its interests. Consumer and property stocks fell sharply, as doubts grew over China's ability to meet its 5% GDP growth target for 2025, unchanged from 2024,...
European markets are expected to open in mixed territory on Thursday, falling lower as President Donald Trump's tariffs disrupt global trade relations. The U.K.'s FTSE 100 is expected to open 8 points higher at 8,537, Germany's DAX is down 47 points at 22,611, France's CAC is down 2 points at 7,983 and Italy's FTSE MIB is down 32 points at 38,230, according to data from IG. Investors in Europe will be watching earnings from Hugo Boss, Hannover Re and Deliveroo, with no major data releases due later in the day. Thursday marks the second and final day of CNBC's CONVERGE LIVE event in...
Japan stocks were lower after the close on Thursday, as losses in the Shipbuilding, Manufacturing and Services sectors led shares lower. At the close in Tokyo, the Nikkei 225 declined 0.03%. The best performers of the session on the Nikkei 225 were Japan Steel Works Ltd (TYO:5631), which rose 6.15% or 344.00 points to trade at 5,933.00 at the close. Meanwhile, Advantest Corp. (TYO:6857) added 3.67% or 277.00 points to end at 7,830.00 and Denka Co Ltd (TYO:4061) was up 3.60% or 77.00 points to 2,213.00 in late trade. The worst performers of the session were Taiyo Yuden Co., Ltd....
The benchmark Hang Seng Index heads for the longest losing streak in two months amid tit-for-tat tariffs and countermeasures Hong Kong stocks fell for the fifth straight day on Thursday, marking the longest losing streak in two months, as investors worried about the global economy amid escalating trade-war risks. The Hang Seng Index declined 0.1 per cent to 23,572.63 as of 10.45am local time, adding to a loss of 3.2 per cent since March 6. The Tech Index retreated 1 per cent. On the mainland, the CSI 300 Index was little changed, while the Shanghai Composite Index lost 0.2 per...