European shares closed higher on Monday, rebounding from six-week lows as a surge in banking stocks offset a decline in Swiss shares following a hefty 39% U.S. tariff on Swiss goods. The pan-European STOXX 600 index, rose 0.9%, with most major regional markets, barring Swiss stocks, rebounding from Friday's sharp losses, when worries about tariffs and a weak U.S. jobs report hammered sentiment. The German DAX climbed 1.4%, France's CAC 40 rose 1.1% and Britain's FTSE 100 added 0.7%. Zurich's SMI index dipped 0.2% as trading resumed following a long weekend. Switzerland was left stunned on...
Japanese stocks fell after the close on Wednesday (4/16), as losses in the Paper & Pulp, Transportation and Communications sectors led shares lower. At the close in Tokyo, the Nikkei 225 was down 1.03%. The best performers on the Nikkei 225 were Toho Co., Ltd. (TYO:9602), which rose 6.04% or 461.00 points to trade at 8,097.00 at the close. Meanwhile, Eisai Co., Ltd. (TYO:4523) gained 3.70% or 138.00 points to close at 3,865.00 and Shimizu Corp. (TYO:1803) gained 2.93% or 39.00 points to 1,372.00 in late trade. The worst performers on the session were Advantest Corp. (TYO:6857), which...
Hong Kong stocks plunged 536 points, or 2.5%, to 20,934 around midday on Wednesday, ending a six-session winning streak as traders locked in profits after the Hang Seng hit a two-month high earlier this week. U.S. stock futures also fell sharply, tracking overnight losses on Wall Street, as Nvidia shares slumped following fresh U.S. government restrictions on sales of its H20 AI chips to China and other regions. The Hang Seng Tech Index plunged more than 4%, with Meituan down 7.0%, while Tencent Holdings and Alibaba Group dropped 2.4% and 1.5%, respectively. (Newsmaker23) Source: Trading...
Asian stocks fell and U.S. equity index futures slid as the trade conflict showed no sign of abating, with Nvidia Corp. saying the U.S. was imposing new restrictions on some chip exports to China. Contracts for the Nasdaq 100 fell more than 1.4% in early trading and S&P 500 futures dropped 0.9% after Nvidia slumped in after-hours trading. Gold, a safe-haven asset that tends to rise when riskier assets decline, hit a fresh record on Wednesday. Bonds held onto the previous session's gains boosted by comments from a Treasury official about potential rule changes that could lower trading...
Tokyo stocks edged lower in early trade, amid uncertainty over additional tariffs and after U.S. authorities told Nvidia semiconductors they would need export permits to China. The Topix fell 0.1% to 2,512.02 as of 9:28 a.m. Tokyo time The Nikkei fell 0.3% to 34,176.54 Advantest was the biggest contributor to the Topix decline, down 4.4%. Of the 1,689 stocks in the index, 986 rose and 598 fell, while 105 were unchanged. "The tighter restrictions on Nvidia products show that tensions between the U.S. and China are escalating, and it's hard to invest in technology stocks unless the overall...
U.S. stocks gyrated on Tuesday, as investors analyzed the latest batch of first-quarter earnings reports and enjoyed a recent decline in market turmoil. The Dow Jones Industrial Average lost 155.83 points, or 0.38%, to close at 40,368.96. The S&P 500 declined 0.17% and ended at 5,396.63, and Nasdaq Composite ticked down 0.05% and settled at at 16,823.17. The three averages are coming off back-to-back winning sessions. Tuesday's muted moves were in stark contrast to the volatile swings seen in recent sessions. The Cboe Volatility Index (VIX), known as Wall Street's "fear gauge," fell...