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...
Japanese shares slid, snapping a five-day winning streak, as a stronger yen weighed on exporters and fresh comments from Donald Trump clouded expectations for progress in US-Japan tariff negotiations. Topix Index fell 0.8% to 2,830.16 as of 10:37 a.m. Tokyo time Nikkei declined 1.1% to 40,035.03 Out of 1,681 stocks in the Topix, 433 rose and 1,191 fell, while 57 were unchanged. The yen rose as much as 0.4% against the dollar Tuesday morning, holding its gains after better-than-forecast business sentiment data. That pressured large-cap exporters and dragged down the...
Asia-Pacific markets traded mixed Tuesday as investors assessed the record gains on Wall Street and the global impact of U.S. President Donald Trump's tariff policies as his 90-day tariff reprieve is set to expire next week. U.S. Treasury Secretary Scott Bessent said on Monday that there are "countries that are negotiating in good faith." However, he added that tariffs could still "spring back" to the levels announced on April 2 "if we can't get across the line because they are being recalcitrant." Japan's Nikkei 225 benchmark fell 0.58% after hitting an over 11-month high in its previous...
U.S. stocks rose on Monday as investors looked to close out a volatile first half of 2025 with fresh record highs. The S&P 500 and Nasdaq 100 both rose 0.5%, extending their all-time highs, while the Dow gained 207 points, helped by strong performances from Big Tech giants such as Microsoft and Meta, which also hit new peaks. Optimism grew amid signs of progress in trade negotiations, highlighted by Canada's recent decision to scrap its digital services tax targeting U.S. tech companies—an easing of tensions that had rattled markets. Investors remained focused on a July 9 deadline for...
European stocks closed mostly lower on Monday as markets assessed the extent of U.S. tariffs on major trading partners. The STOXX 50 fell 0.4% to 5,305 and the STOXX 200 lost 0.4% to 542. U.S. officials helped make progress on negotiations with key partners such as China and the European Union, while Canada scrapped a planned Digital Services Tax following President Trump's announcement over the weekend that he would halt all trade discussions with Canada. Monday also marked the official start of the U.K.-U.S. trade deal brokered last month. On the data front, inflation in Germany...
European stocks closed mostly lower on Monday as markets assessed the level of US tariffs against major trading partners. The STOXX 50 dropped 0.4% to 5,305 and the STOXX fell 0.4% to 542. US officials said negotiations with major partners such as China and the European Union are making progress, while Canada scrapped its planned Digital Services Tax following President Trump's announcement over the weekend that he would terminate all trade discussions with Canada. Monday also marked the official start of the UK-US trade deal that was brokered last month. On the data front, inflation in...