The Hang Seng Index rose for the second day, climbing 0.7%, or 168.48 to 24,994.14 in Hong Kong. The index advanced to the highest closing level in at least a year. Alibaba Group Holding Ltd. contributed the most to the index gain, increasing 1.8%. China Petroleum & Chemical Corp. had the largest increase, rising 5.5%. Today, 58 of 85 shares rose, while 24 fell; 3 of 4 sectors were higher, led by commerce and industry stocks. Source : Bloomberg
European stocks fell on Monday after President Donald Trump dialed up trade tensions by announcing a 30% tariff on goods from the region. The Stoxx Europe 600 Index fell 0.5% as of 8:20 a.m. in London. The consumer and auto sectors were the biggest laggards. Following renewed tariff pressure from Trump, the European Union is getting ready to step up its engagement with other countries hit by levies. The region's benchmark is still up slightly in July, with investors turning their attention to the impact of duties on earnings. "While 30% tariffs on the EU...
Japanese shares ended lower on Monday as a Bank of Japan survey showed 85% of households expect prices to rise, while the central bank may potentially raise its inflation forecast this month on stubborn food costs. The Nikkei 225 declined 0.28%, or 110.06 points, to end at 39,459.62. About 85% of Japanese households expect prices to rise over the next year, slightly down from 86.7% in March, a Bank of Japan survey showed on Monday. The central bank is considering raising its inflation forecast for the current fiscal year due to rising food costs, Reuters reported, citing sources. However,...
The Hang Seng Index opened 39 points lower, a decline of 0.16%, settling at 24,100 points. Meanwhile, the China Enterprises Index dropped 8 points or 0.09% to 8,679 points, and the Technology Index fell 8 points or 0.15% to 5,240 points. Technology stocks showed mixed performance: Tencent edged up 0.1%, Alibaba slipped 0.6%, Meituan declined 0.1%, Xiaomi Group gained 0.2%, and Kuaishou rose 0.5%. Financial stocks were generally weaker. HSBC Holdings dropped 1.1%, AIA Group fell 0.5%, Ping An Insurance edged up 0.1%, and the Hong Kong Stock Exchange declined 0.1%. Automotive stocks also saw...
The Nikkei 225 Index fell 0.3% to below 39,500 while the broader Topix Index lost 0.2% to 2,817 on Monday, with the former hitting over two-week lows as renewed trade tensions weighed on sentiment. The drop followed US President Donald Trump's announcement of a 30% tariff on imports from the European Union and Mexico, set to take effect on August 1. In response, the EU is reportedly ramping up talks with other affected countries, including Canada and Japan, to explore possible coordinated measures. On the domestic front, Japan's core machinery orders fell 0.6% month-over-month to ¥913.5...
US stocks closed lower on Friday (July 11th) after President Trump announced a 35% tariff on Canadian imports and warned of broader global tariff increases. The S&P 500 Index fell 0.3% after hitting a record high the previous day, ending a rally fueled by investor optimism. Trump's letter to Canada raised concerns and warned of further action if retaliation follows, while he also hinted that similar action targeting the European Union would be imminent. Most sectors weakened, with healthcare and financials leading the decline, while energy and discretionary consumer goods...