Hong Kong stocks fell for the second session, down 46 points or 0.2% to 25,469 on Wednesday morning, after U.S.-China trade talks ended without a meaningful breakthrough. While extending the current tariff truce remains possible, Treasury Secretary Bessent said President Trump will have the final say. Caution also prevailed ahead of the Fed's rate decision later today, with analysts noting most Fed officials prefer to wait and assess the inflationary impact of tariffs before acting, especially with Trump's August 1 tariff deadline looming. Tech shares led the fall, followed by consumers...
European equities rose on Tuesday on relief that US President Donald Trump had refrained from immediately targeting the region with trade tariffs. The Stoxx Europe 600 Index ended the session up 0.4%, with luxury goods makers LVMH, Hermes International SCA and weight-loss drug manufacturer Novo Nordisk A/S contributing to gains. European stocks have outperformed US peers so far this month, but investors are keenly watching Trump's first few days in power for more details on his trade policies. Source: Bloomberg
US stocks rose on Tuesday, with the S&P 500 and Nasdaq up 0.5% and the Dow Jones Industrial Average up about 170 points as traders braced for a second Trump administration. On his first day in office, Trump took several steps to advance his agenda but refrained from imposing tariffs, as many had anticipated. However, he later indicated plans to impose 25% levies on Mexico and Canada while avoiding mentioning China. Traders are now turning their attention to growth prospects under the new administration and earnings reports from major companies. Charles Schwab (5%) and Prologis (1.6%)...
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,...