The Hang Seng closed almost flat at 24,911 on Wednesday after dipping slightly in morning deals. Traders digested comments from President Trump, who said the U.S. was close to a trade deal with China and that he would meet President Xi before year-end if an agreement is reached. Investors also looked ahead to key Chinese economic data, including trade figures on Thursday and inflation on Saturday, amid concerns over rising trade barriers and persistent deflation risks. At the same time, markets braced for a possible new U.S. tariff announcement targeting semiconductors and chips, expected...
The Hang Seng fell 152 points or 0.65% to close at 23,427 on Friday, snapping two-day gains amid broad-based losses. The index lost 1.1% for the week, marking its third straight weekly fall as investors fled riskier assets over mounting concerns that new U.S. tariffs could hurt global growth. President Trump plans to introduce a 25% tariff on auto imports and new reciprocal tariffs on key trading partners from April 2. Caution also prevailed ahead of U.S. PCE inflation data later today and China's March PMI figures next week. However, declines were cushioned by Chinese President Xi...
Japanese stocks fell after the close on Friday (3/28), as losses in the Shipbuilding, Manufacturing and Services sectors led shares lower. At the close in Tokyo, the Nikkei 225 was down 1.99%. The best performers of the session on the Nikkei 225 were Keio Corp. (TYO:9008), which rose 2.79% or 110.00 points to trade at 4,047.00 at the close. Meanwhile, Nexon Co Ltd (TYO:3659) rose 2.44% or 50.50 points to close at 2,123.00 and DeNA Co Ltd (TYO:2432) gained 1.83% or 67.00 points to 3,730.00 in late trade. The worst performers on the session were CyberAgent Inc (TYO:4751), which fell 5.54%...
Hong Kong stocks fell 76 points, or 0.3%, to 23,500 in early trade on Friday (3/28), reversing gains from the previous two sessions as declines spread across sectors. The Hang Seng is on track for a third straight weekly decline, down about 0.8% so far, amid concerns over tit-for-tat tariffs and upcoming auto levies from the US, along with the growing global trade dispute. Investors remain cautious ahead of China's March PMI data next week from official and private sources. Capping further losses, Morgan Stanley raised its year-end targets for MSCI China, the Hang Seng and other China...
Asia-Pacific stocks traded mixed on Thursday, tracking losses on Wall Street as investors weighed U.S. President Donald Trump's 25 percent tariffs on auto imports. Japan's benchmark Nikkei 225 index ended the day 0.6 percent lower at 37,799.97, while the broader Topix index was flat at 2,815.47. In South Korea, the Kospi index fell 1.39 percent to 2,607.15 while the small-cap Kosdaq index dropped 1.25 percent to 707.49. Mainland China's CSI 300 index ended the day 0.33 percent higher at 3,932.42 while Hong Kong's Hang Seng Index closed up 0.41 percent at 23,578.80. India's benchmark...
The Nikkei 225 Index tumbled 1.7% to below 37,200, while the broader Topix Index dropped 1.6% to 2,770 on Friday, hitting a two-week low as automakers continued to reel from US President Donald Trump's auto tariffs. Earlier this week, Trump announced a 25% tariff on all car imports starting next week, dealing a blow to Japan's export-driven economy, which relies heavily on auto shipments to the US. Major automakers suffered steep losses, including Toyota (-4.7%), Honda (-4.5%), Mazda (-3.4%), Subaru (-2.7%), and Suzuki (-2.2%). Japanese technology stocks also followed their US counterparts...