The Hang Seng Index fell 347 points, or 1.4%, to close at 25,177 on Wednesday (July 30th), extending losses from the previous session amid widespread declines. Technology stocks slumped 2.7%, while consumer discretionary and financial stocks each fell about 1.5%, after US-China trade talks ended without substantial progress, leaving President Trump with the final decision on tariffs. Caution is also growing ahead of today's Fed interest rate decision, with analysts saying most officials prefer to assess the inflationary impact of tariffs, especially with Trump's August 1st deadline...
US stock futures were steady on Tuesday after a sharp selloff in the prior session, driven by renewed concerns over the Federal Reserve's independence. On Monday, the Dow fell 0.48%, the S&P 500 dropped 2.36%, and the Nasdaq tumbled 2.55%, with all 11 S&P sectors ending lower—led by consumer discretionary, technology, and energy. Heavy losses hit megacap tech stocks, including Nvidia (-4.5%), Tesla (-5.8%), and Amazon (-3.1%). The decline followed criticism of Fed Chair Jerome Powell by President Donald Trump, who called him "Mr. Too Late, a major loser," and demanded immediate rate...
US stocks closed sharply lower on Monday (4/21) after President Trump stepped up his criticism of Fed Chairman Jerome Powell, raising concerns about the central bank's independence and shaking investor confidence. The selloff was swift and widespread, with the S&P 500 and Nasdaq down 2.4% and 2.5%, respectively. The Dow dropped 971 points, while tech giants led the decline—Tesla dropped 6%, Nvidia dropped 4.5% and Amazon dropped 3.1%. All 11 sectors ended in the red, with tech, consumer staples and energy stocks the hardest hit. In a Truth Social post, Trump called Powell "Mr. Too Late,...
Stocks fell again on Monday following yet another negative trading week for Wall Street, as investors receive little signs of progress on global trade talks. The Dow Jones Industrial Average traded 366 points lower, or 0.9%. The S&P 500 shed 1.1%, and the Nasdaq Composite lost 1.4%. The moves come after each of the three major averages logged a third weekly decline in the last four trading weeks. While the S&P 500 closed out Thursday's session higher, the broad market index still finished the holiday-shortened week 1.5% lower. The Dow Jones Industrial Average and Nasdaq Composite...
Japan stocks were lower after the close on Monday, as losses in the Paper & Pulp, Transport and Communication sectors led shares lower. At the close in Tokyo, the Nikkei 225 declined 1.30%. The best performers of the session on the Nikkei 225 were Oji Holdings Corp. (TYO:3861), which rose 6.68% or 41.30 points to trade at 659.60 at the close. Meanwhile, Sumitomo Osaka Cement Co., Ltd. (TYO:5232) added 3.52% or 133.00 points to end at 3,913.00 and Nichirei Corp. (TYO:2871) was up 3.04% or 58.00 points to 1,969.00 in late trade. The worst performers of the session were Sumitomo...
Asia-Pacific markets traded mixed Monday as China's central bank held rates at a time when the yuan has come under pressure due to Beijing-Washington trade tensions. Mainland China's CSI 300 rose 0.18% after the People's Bank of China kept its key loan prime rates unchanged at 3.10% for 1-year loan maturities and 3.60% for 5-year loan maturities, in line with the expectations of economists polled by Reuters. Japan's benchmark Nikkei 225 fell 1.24%, while the broader Topix index declined 1.18%. In South Korea, the Kospi index was flat while the small-cap Kosdaq moved down 0.27% in choppy...