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...
European stocks fell on Tuesday, with the STOXX 50 down 1% and the STOXX 600 down 0.8%, after posting sharp gains in the previous session. The mining, automotive, banking, and industrial sectors led the decline due to renewed concerns over the US-China trade dispute. Both countries began imposing new port fees on each other's ships, fueling concerns about the outlook for global trade. On the corporate side, several earnings reports soured market sentiment. BP fell around 2% after warning of a potential impairment charge of up to $500 million in the third quarter, while Rio Tinto fell 1.4%...
The Nikkei 225 index closed sharply lower by 2.6% to 46,847.32 on Tuesday, posting its biggest daily decline since April 11. The pressure came after the Komeito party withdrew from Japan's governing coalition, increasing political uncertainty and raising concerns of a short-term correction in the stock market. This situation is also considered to complicate the path of Sanae Takaichi, the new president of the Liberal Democratic Party (LDP), to become the next prime minister. Major stocks also fell, with MonotaRO plunging 10%, Furukawa Electric dropping 7.5%, and Chugai Pharmaceutical...
Hong Kong stocks rose on Tuesday, ending six consecutive days of declines. The Hang Seng Index rose 0.2% to 25,925, as investors expressed optimism that tensions between China and the United States would ease. This hope arose after the two countries opened the door to renewed negotiations. Blue-chip stocks such as Pop Mart and BYD led the gains, while gold and technology stocks also moved positively. This increase signals a stabilization in the market after a previous sell-off triggered by geopolitical concerns. US President Donald Trump signaled a possible meeting with Chinese President Xi...
Asia-Pacific markets traded mixed Tuesday, breaking ranks with Wall Street that soared after U.S. President Donald Trump softened his stance on China. Following a slew of tit-for-tat trade restrictions and heated exchanges, Trump said "Don't worry about China, it will all be fine!" in a Truth Social post Monday. China has slapped fees on U.S. ships for docking at its ports, in retaliation for similar charges imposed by Washington on Chinese ships. Both fees are scheduled to kick in Tuesday. Japan's benchmark Nikkei 225 index declined 1.34%, while the Topix lost 1.31%. South Korea's Kospi...
The Nikkei 225 index fell 1.4% to 47,406.06 on Tuesday (October 14th), pressured by rising political uncertainty in Japan. JPMorgan analysts called this decline a complete reversal of the "Takaichi trade"—a term referring to expectations of fiscal expansion, delayed interest rate hikes, a weaker yen, rising stocks, and a steeper yield curve. Several blue-chip stocks posted sharp declines, with MonotaRO plunging 6%, Ebara Corp. down 4.85%, and Chugai Pharmaceutical falling 4.3%. Meanwhile, USD/JPY was steady at 152.49, compared to 152.29 at Monday's close in New York, after Japanese markets...