US Stocks plunged on Friday, as investors reacted to a weak July jobs report and a fresh round of tariffs announced by President Trump. The S&P 500 and Nasdaq fell 1.6% and 2.2%, their steepest drops since April, while the Dow lost 542 points. Payrolls rose by just 73,000 in July, far below expectations, with sharp downward revisions to prior months signaling deeper labor market weakness. Treasury yields fell and the odds of a September Fed rate cut rose above 80%. Sentiment worsened after new tariffs of 10% to 41% were imposed on imports from key partners including Canada, India, and...
Stocks in Europe were higher on Tuesday, with both the STOXX 50 adding 0.3% and the STOXX 600 rising about 0.7%, as optimism grew over a potential pause in auto tariffs and the earnings season gained momentum. Investor sentiment was buoyed by President Trump's remarks on Monday, indicating he is considering temporary exemptions on tariffs for imported vehicles and parts to give automakers more time to expand US-based production. The auto sector led the gains, with Mercedes-Benz climbing 2.9%, BMW 2.5%, Volkswagen 2.8%, Stellantis 4.3%, and Renault 1.9%. Other sectors also traded in...
Japanese stocks rose after the close on Tuesday (4/15), as gains in the Real Estate, Banking and Textile sectors helped stocks advance. At the close in Tokyo, the Nikkei 225 gained 0.89%. The best performers on the Nikkei 225 were Yokogawa Electric Corp. (TYO:6841), which rose 7.41% or 208.00 points to trade at 3,014.00 at the close. Meanwhile, Denso Corp. (TYO:6902) rose 5.64% or 94.00 points to close at 1,761.00 and Sumitomo Electric Industries Ltd. (TYO:5802) gained 5.27% or 107.50 points to 2,148.00 at the close. The worst performers on the session were Shiseido Co., Ltd. (TYO:4911),...
Hong Kong stocks were little changed in early trade on Tuesday (4/15), hovering near 21,420, as gains in property and consumer discretionary stocks were offset by losses in technology and financials. Traders weighed the impact of a temporary US tariff exemption on popular electronics, announced by President Trump last Friday, while weighing the possibility of fresh levies, including on semiconductors, in the coming weeks. Investors also awaited key Chinese economic data due later in the week, including Q1 GDP, industrial production, retail sales and the unemployment rate. Meanwhile, the...
The Nikkei 225 Index rose 1% to above 34,300 while the broader Topix Index added 1.2% to 2,518 on Tuesday, extending gains from the previous session and taking cues from a strong lead on Wall Street overnight. Major US stock indexes advanced on Monday as President Donald Trump exempted key electronic products from his reciprocal tariffs, while also reportedly considering pausing his 25% levies on auto imports. However, caution lingered as the US Commerce Department launched a national security investigation into semiconductor and pharmaceutical imports, keeping global markets on alert....
Asia-Pacific markets opened higher on Tuesday after all three major benchmarks on Wall Street rose on a tech rally. Japan's benchmark Nikkei 225 index opened the day up 1.04%, while the broader Topix index gained 1.14%. In South Korea, the Kospi index rose 0.39% at the open, while the small-cap Kosdaq index fell 0.32%. Meanwhile, Australia's S&P/ASX 200 gained 0.15% in early trade. Futures on Hong Kong's Hang Seng index were at 21,585, indicating a stronger open compared with the HSI's last close of 21,417.40. India is expected to release March inflation figures later in the day....