The Hang Seng Index started the day with a decline of 135 points, or 0.53%, settling at 25,531 points. The China Enterprises Index dropped 41 points, or 0.45%, to 9,216 points, while the Hang Seng Tech Index fell 29 points, or 0.51%, to 5,713 points. Technology stocks faced downward pressure, with Kuaishou sliding by 1.57%, Alibaba dropping 1%, Tencent falling 0.9%, and Trip.com Group losing 0.39%. Xiaomi Group recorded a marginal decline of 0.09%, while Meituan remained unchanged. Financial stocks showed a mixed trend. AIA Group saw the largest drop, down 1.89%, followed by Ping An...
Asia-Pacific markets traded mixed on Wednesday, as investors digested a ceasefire between Israel and Iran, as well as fresh comments from the U.S. Federal Reserve. There was growing optimism that a truce between Israel and Iran brokered by U.S. President Donald Trump is likely to hold. Australia's S&P/ASX 200 was flat. South Korea's Kospi rose 0.31%, while the small-cap Kosdaq fell 0.21%. Japan's benchmark Nikkei 225 index rose 0.11%, while the Topix fell 0.13%. Hong Kong's Hang Seng Index rose 0.66% and mainland China's CSI 300 was flat. U.S. futures were nearly flat. Futures tied...
The Nikkei 225 edged up 0.1% to above 38,800 on Wednesday, while the broader Topix index fell 0.2% to 2,776, as Japanese equities struggled for direction amid geopolitical uncertainty. Investors weighed the sustainability of a U.S.-brokered ceasefire between Iran and Israel, with intelligence reports suggesting a recent U.S. missile strike failed to completely destroy Iran's main nuclear facility. Market participants also digested fresh comments from Fed Chair Powell, who reiterated the Fed's commitment to taming inflation and signaled that interest rates would likely remain unchanged until...
The S&P 500 closed higher Tuesday, underpinned by de-escalating Middle East tensions amid an Iran-Israel ceasefire and remarks by Federal Reserve chairman Jerome that kept the door open to rate cuts. By 4:00 p.m. ET (20:00 GMT), the Dow Jones Industrial Average traded 536 points, or 1.3%, higher, the S&P 500 index gained 1.2%, and the NASDAQ Composite advanced 1.6%. Iran-Israel ceasefire optimism boosts Wall StreetInvestors have been boosted by U.S. President Donald Trump declaring earlier Tuesday, via social media, that the ceasefire between Israel and Iran is now "in effect,"...
European stock markets closed higher in Tuesday trading as the Stoxx Europe 600 rose 1.11%, Germany's DAX advanced 1.60%, the FTSE 100 gained 0.01%, France's CAC 40 increased 1.04%, and the Swiss Market Index was up 1.13%. In Germany, the ifo Business Climate Index for June rose to 88.4 points in June from 87.5 points in May, indicating that companies felt slightly more positive and that the German economy is slowly gaining confidence. The reading also topped the analyst forecast of 88.1, according to Bloomberg. And in corporate news, the Spanish government cleared Banco Bilbao Vizcaya...
Stocks rose while oil prices fell on Tuesday morning, as investors bet that a delicate ceasefire between Israel and Iran would hold. The Dow Jones Industrial Average climbed 305 points, or 0.7%. The S&P 500 gained 0.7%, and the Nasdaq Composite advanced 1%. Oil prices were sharply lower for a second-straight day. U.S. crude oil slipped more than 4%, alongside international benchmark Brent. A day earlier, U.S. crude oil fell more than 7%. Airline stocks were higher as oil pulled back, with shares of United Airlines, Frontier and Delta all climbing more than 2%. Broadcom and Nvidia...