European stocks closed slightly lower on Tuesday after reaching record peaks on the previous session on mixed earnings results, while markets continued to assess the outlook on global trade and European rates. The STOXX 50 inched down by 5,701 and the STOXX 600 lost 03% to 576. Pharmaceutical companies led the losses in the session with a 4.3% slump for Novartis after the Swiss giant posted softer earnings than expected. Roche and Novo Nordisk both fell 2.5% In the meantime, BNP Paribas fell 3.5%, also on an earnings miss. On the other hand, HSBC jumped 4.4% after raising its 2025...
The Hang Seng Index opened up more than 2.5% on Monday morning, as investor concerns about global trade tensions and banking sector stability eased. The main index rose 637 points to 25,884, led by gains in major technology stocks such as Alibaba (+4.9%), JD.com (+5%), and Tencent (+2.8%). This increase marked the return of strong buying interest in a sector previously pressured by negative global sentiment. Financial stocks also boosted the market. Hong Kong Exchanges & Clearing shares rose 3%, while AIA Group and Ping An Insurance each rose more than 2%. These gains reflected growing...
Asia-Pacific stock markets opened higher on Monday (October 20th), as investors awaited the release of key economic data from China. Analysts expect China's economic growth to slow in the third quarter to 4.8%, down from 5.2% in the previous quarter. This data will provide important clues to the region's economic direction going forward. Japan's Nikkei 225 index rose 1.6% and the Topix index gained 1.43% at the open. In South Korea, the Kospi added 0.36% after setting a record for three consecutive days last week. The Kosdaq index, which includes small-cap stocks, also rose 1.13%....
The Japanese stock market is predicted to rise today, following the gains on Wall Street last Friday. Positive sentiment from the US stock market provided a strong initial boost for Japanese investors to regain optimism. Nikkei futures on the SGX jumped 980 points to 48,475, indicating a potential reversal after last week's decline. In addition to global factors, domestic news is also providing fresh air. The ruling Liberal Democratic Party (LDP) has reportedly reached an agreement to form a coalition with the Japan Innovation Party. If this plan goes through, the new LDP leader, Sanae...
US stocks rose on Friday (October 17th) as investors reacted positively to President Trump's remarks alleviating concerns about further trade escalation with China, while regional bank stocks rebounded after Thursday's sharp declines. The S&P 500 and Nasdaq each rose 0.5%, while the Dow Jones Industrial Average rose 239 points. Trump said his proposed 100% tariffs on Chinese goods would be unsustainable, although he blamed Beijing for recent trade tensions, and confirmed that his meeting with Chinese President Xi Jinping was still possible at the end of the month. Consumer staples,...
European stock markets pared losses on Friday, with the STOXX 50 and STOXX 600 closing down 0.8% and 0.9%, respectively, after plummeting as much as 1.9% earlier in the session. Investor sentiment improved following President Trump's statement that high tariffs on Chinese goods were unlikely to last long, signaling a potential easing of US-China trade tensions ahead of his meeting with Chinese President Xi Jinping. However, banking stocks remained under pressure, led by Deutsche Bank (-5.9%), Societe Generale (-4.6%), BNP Paribas (-3.7%), Banco Santander (-3.2%), and UniCredit (-2.6%), as...