Hong Kong stocks rose modestly on Tuesday, as investors positioned ahead of the Politburo meeting in China that could set the economic tone for the rest of the year, while sentiment remained upbeat following the launch of the world's largest hydropower dam project on the eastern rim of the Tibetan Plateau. The Hang Seng Index gained 135.89 points, or 0.5%, to close at 25,130.03, while the Hang Seng China Enterprises Index (HSCEI) added 35.40 points, or 0.4%, to 9,075.60. Focus is now on the upcoming Politburo meeting, convened by Chinese President Xi Jinping later this month, which could...
US stocks mostly rose on Wednesday (02/07) as the market assessed the latest economic data, trade deals and corporate developments. The S&P 500 rose 0.3% to a new record, while the Nasdaq 100 gained 0.6% and the Dow was flat. President Trump announced a trade deal that will impose 20% tariffs on Vietnam instead of the 46% tariffs he had on "Liberation Day." However, reports of stalled negotiations with Japan and a delayed deal with the EU kept uncertainty ahead of a resumption of aggressive tariffs next week. Meanwhile, data from ADP showed an unexpected decline in private sector jobs,...
European shares nudged higher on Wednesday, led by industrial miners, while investors tracked signs of any progress on U.S. trade talks as the July tariff deadline nears. The pan-European STOXX 600 index advanced 0.3% at 542.03 points, as of 0710 GMT. Other major regional indexes also traded higher. U.S. President Donald Trump, on Tuesday, said he was not considering an extension of the July 9 deadline for countries to negotiate trade deals. He expressed optimism about a potential trade deal with India but was skeptical about reaching a similar agreement with Japan. EU's trade chief is...
The Nikkei 225 fell 0.56% to close at 39,762, while the broader Topix Index slipped 0.21% to 2,826 on Wednesday, paring earlier losses after Japanese authorities signaled continued efforts to secure a "win-win" trade agreement with Washington, though they offered no details on potential concessions. US President Donald Trump escalated pressure on Tokyo, calling negotiations "really hard" and threatening to raise tariffs on Japanese imports to as much as 35%, citing frustration over Japan's limited purchases of American rice and automobiles. His remarks deepened investor unease, especially...
Hong Kong stocks showed strength on the first trading day of July. The Hang Seng Index opened higher by 232 points or 0.96%, reaching 24,304 points. The H-share index rose by 95 points or 1.09%, standing at 8,773 points, while the technology index climbed by 56 points or 1.07%, closing at 5,359 points. In the tech sector, Tencent saw a 0.9% increase, Alibaba rose by 1.7%, Meituan surged by 1.5%, Xiaomi Group edged up by 0.7%, and Kuaishou gained 1.2%. Among financial stocks, HSBC Holdings experienced a 0.4% decline, while AIA Group rose by 0.7%, China Ping An increased by 1.5%, and Hong...
The Nikkei 225 fell 1.1% to around 39,500, while the broader Topix Index declined 0.6% to 2,814 on Wednesday, marking a second consecutive day of losses for Japanese equities. The selloff came after US President Donald Trump threatened to impose a 35% tariff on Japanese imports, aiming to pressure Tokyo into making trade concessions. Trump described negotiations with Japan as "very tough," renewing criticism over the country's reluctance to accept US-made cars and rice. His comments added to investor concerns, especially after Federal Reserve Chair Jerome Powell stated that the Fed would...