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...
European stocks opened mixed on Tuesday, as traders digested the first executive orders signed by newly inaugurated U.S. President Donald Trump on Monday. The pan-European Stoxx 600 opened flat, while Germany's DAX fell slightly after hitting a record high. While the FTSE 100 opened 0.05% higher, Italy's FTSE MIB and CAC 40 were both in negative territory at 8:15 a.m. London time. Orsted shares plunged 15% after the company reported a fourth-quarter loss of 12.1 billion Danish kroner ($1.7 billion) related to a U.S. offshore wind turbine project. Meanwhile, European automakers Stellantis...
The Hang Seng rose 181 points, or 0.9%, to close at 20,107 on Tuesday (21/1), extending its bullish momentum for a sixth straight session and nearing its highest in nearly four weeks amid broad sector gains. Traders responded positively to Trump's inaugural speech on Monday, as it did not impose tariffs on China. Meanwhile, U.S. stock futures jumped after Trump signed several executive orders, including declaring a national energy emergency, which could lead to lower inflation and a Fed rate cut. Further gains were capped by caution ahead of December inflation data in Hong Kong later in the...
Japanese stocks rose after the close on Tuesday (1/21), as gains in the Shipbuilding, Machinery and Rubber sectors helped stocks advance. At the close in Tokyo, the Nikkei 225 was up 0.30%. The best performers on the Nikkei 225 were Sumitomo Dainippon Pharma Co Ltd (TYO:4506), which rose 4.02% or 22.00 points to trade at 569.00 at the close. Meanwhile, Lasertec Corp (TYO:6920) gained 2.86% or 430.00 points to close at 15,475.00 and Renesas Electronics Corp (TYO:6723) gained 2.21% or 45.00 points to 2,079.00 in late trade. The worst performers on the session were Kawasaki Heavy Industries,...
Hong Kong stocks rose 142 points, or 0.7%, to 20,067 on Tuesday (21/1), marking a sixth session of gains while holding at a three-week high. The bullish momentum emerged after Donald Trump did not target China in his inauguration speech on Monday, nor did he immediately impose previously threatened tariffs. Meanwhile, Chinese President Xi Jinping urged policymakers to adopt more proactive macroeconomic policies this year to maintain growth momentum. The property sector led the gains, with struggling Country Garden shares surging nearly 20% after resuming trading after a nine-month...
The Nikkei 225 index rose 0.5%, above 39,000, while the broader Topix index gained 0.35%, reaching 2,720 on Tuesday, extending gains from the previous session. The rally followed U.S. President Donald Trump's decision not to impose new tariffs on his first day in office, easing concerns for Japanese exporters. However, investors remained cautious ahead of the Bank of Japan's upcoming monetary policy decision this week, as BOJ officials have hinted at a potential interest rate hike. The move would raise Japan's short-term borrowing costs to 0.5%, the highest level since the 2008 global...