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...
The Hang Seng closed slightly lower at 24,163 on Tuesday, reversing early gains as declines in the technology and consumer staples sectors weighed on sentiment. Some traders locked in profits after the index hit a near three-month high in the previous session. Market sentiment turned cautious as mainland stocks retreated ahead of the second day of U.S.-China trade talks, where officials aim to resolve key disputes. While Washington and Beijing agreed to ease tariffs for 90 days, trade flows remained weak, with Chinese exports to the U.S. falling the most since the pandemic and U.S. imports...
European stocks were steady on Tuesday, shrugging off modest losses from the previous session, as investors stayed on edge awaiting fresh signals from the second day of tense U.S.-China trade negotiations. The continent-wide STOXX 600 held its ground at 553.12 points, as of 0703 GMT. The spotlight remains on the talks in London between the world's two biggest economies, as investors eagerly watch for any signs of progress or a thaw in relations. U.S. President Donald Trump on Monday put a positive spin on the talks, without divulging any details on how the trade war, that has threatened...
The Nikkei 225 index rose for a third day, as chip-related names were boosted by overnight gains in the US technology shares. The Topix index fluctuated during the day ahead of the US-China trade talks. Topix Index was virtually unchanged at 2,786.24 as of market close Tokyo time Nikkei advanced 0.3% to 38,211.51 The Philadelphia Semiconductor Stock Index, or SOX, climbed almost 2% overnight. That helped Tokyo-listed tech companies such as Taiyo Yuden, Rohm and Renesas Electronics. Exporters, such as the electric appliances sector, were helped...
Japanese stocks are higher as fears about U.S. tariffs ease. A weaker yen is also helping shares of exporters. Electronics stocks are leading gains. Renesas Electronics is up 3.7% and Nidec Corp. is 3.2% higher. USD/JPY is at 144.53, compared with 144.29 as of Monday's Tokyo stock market close. Investors are closely watching any developments related to U.S.-China trade talks as well as the war in Ukraine. The Nikkei Stock Average is up 0.6% at 38320.06. Source : Dow Jones Newswires
U.S. stocks traded in narrow ranges Monday as investors awaited news from the renewed trade talks between Washington and Beijing, as well as key inflation data later in the week. At 09:35 ET (13:35 GMT), the Dow Jones Industrial Average dropped 45 points, or 0.1%, and the S&P 500 index slipped 3 points, or 0.1%, while the NASDAQ Composite gained 30 points, or 0.2%. The main averages on Wall Street have continued to gain after ending higher on Friday, fueled by a stronger-than-anticipated U.S. labor market reading for May, although risk appetite was rattled by signs of steadily...