The Hang Seng Index fell 1.1% at 25,388.35 in Hong Kong. The move was the biggest since falling 2% on June 19 and follows the previous session's increase of 0.5%. Alibaba Group Holding Ltd. contributed the most to the index decline, decreasing 1.9%. Kuaishou Technology had the largest drop, falling 4.9%. Today, 63 of 85 shares fell, while 20 rose; all sectors were lower, led by commerce and industry stocks. Source : Bloomberg
The S&P 500 rose to a record on Wednesday, as stocks held firm despite President Donald Trump's threats of more tariffs and the Federal Reserve's continued cautious stance. The S&P 500 rose 0.1%, notching its second straight record. The Nasdaq Composite fell 0.02%, while the Dow Jones Industrial Average was flat. Microsoft rose 1% and led the broader technology sector higher after the company unveiled its first quantum computing chip. Nvidia rose 1% while Tesla rose more than 2%. Analog Devices jumped nearly 10% after posting better-than-expected quarterly results on both top and...
European stocks closed sharply lower on Wednesday, retreating from the previous session's record highs amid downbeat corporate earnings and trade tensions, while investors weighed up the potential for a European bond issue. The eurozone STOXX 600 fell 1.4% to close at 5,458 and the pan-European STOXX 600 dropped 1% to close at 552. Financials and consumer discretionary stocks were among the biggest losers, with Allianz, Munich RE, Santander, Hermes and Inditex all down nearly 3%. Carmakers also tumbled after U.S. President Donald Trump hinted at tariffs on imported vehicles and parts....
US stocks were lower on Wednesday, with three major indexes slipping about 0.3%, as markets pulled back after the S&P 500 reached a record high in the previous session. Investor sentiment was weighed down by renewed concerns over trade tensions after President Donald Trump signaled he would likely impose 25% tariffs on automobile, semiconductor, and pharmaceutical imports, with an announcement expected as soon as April 2. Traders also awaited the release of the FOMC minutes later in the day for further insight into the Federal Reserve's policy outlook. In its January meeting, the...
The European stocks rally took a pause on Wednesday amid mixed earnings and after President Donald Trump's latest tariff threats stoked concern about a widening trade war. The Stoxx 600 Index fluctuated at the open after a gain of around 10% so far this year. Glencore Plc slipped after profit fell, while HSBC Holdings Plc posted better-than-expected earnings. A tech-led advance in Asia stumbled. US equity futures were steady. Trump brandished possible levies of around 25% on automobile, semiconductor and pharmaceutical imports, with an announcement...
The Hang Seng Index fell 0.1% at 22,944.24 in Hong Kong. The move follows the previous session's increase of 1.6%. Meituan contributed the most to the index decline, decreasing 3.0%. Hang Seng Bank Ltd. had the largest drop, falling 3.9%. Today, 38 of 83 shares fell, while 39 rose; 2 of 4 sectors were lower, led by commerce and industry stocks. Source: Bloomberg