The S&P 500 closed mostly flat on Friday, the Dow Jones extended its record run, rising 240 points finisheing at 46,758 after briefly surpassing 47,000 during the session, while the Nasdaq slipped 0.3% as the US government shutdown entered its third day. Pressure came from major technology names, with Palantir Technologies leading the S&P 500 lower, dropping 7.5%, while Tesla and Nvidia fell 1.4% and 0.7%, respectively. Applied Materials declined 2.7% after warning of a $600 million revenue hit tied to semiconductor export restrictions. Investors focused on the shutdown, which...
Japan stocks were higher after the close on Wednesday, as gains in the Real Estate, Banking and Textile sectors led shares higher. At the close in Tokyo, the Nikkei 225 added 0.49%. The best performers of the session on the Nikkei 225 were SUMCO Corp. (TYO:3436), which rose 10.51% or 104.00 points to trade at 1,094.00 at the close. Meanwhile, Isetan Mitsukoshi Holdings Ltd. (TYO:3099) added 5.74% or 128.00 points to end at 2,358.00 and Tokyo Electron Ltd. (TYO:8035) was up 4.80% or 1,140.00 points to 24,880.00 in late trade. The worst performers of the session were Hino Motors, Ltd....
The Hang Seng Index initiated the day by rising 28 points to 24,191 points, currently showing a 60-point increase or 0.25%, reaching 24,223 points. Concurrently, the H-share index climbed by 29 points or 0.33%, reaching 8,796 points, and the technology index saw a gain of 26 points or 0.48%, reaching 5,418 points. In the tech sector, stocks demonstrated overall stability, with Tencent rising by 0.4%, Alibaba by 1.1%, Meituan by 0.4%, Xiaomi Group by 0.6%, and Kuaishou witnessing a slight decline of 0.1%. Across the financial domain, individual movements were observed, notably with HSBC...
The Nikkei 225 Index climbed 0.5% to around 38,400 while the broader Topix Index gained 0.2% to 2,791 on Wednesday, with Japanese shares rising for the fourth straight session as signs of progress in US-China trade talks supported market sentiment. US Commerce Secretary Howard Lutnick said that two sides have reached a framework to implement the Geneva consensus and the call between their respective presidents. On the domestic front, Japan's producer prices rose 3.2% year-on-year in May, the slowest pace in eight months, easing some inflation concerns. Meanwhile, Bank of Japan Governor...
Asia-Pacific markets climbed Wednesday as investors continue to track trade discussions between the U.S. and China, which U.S. Commerce Secretary Howard Lutnick described as being "productive." The talks between officials from both superpowers had continued for a second day in London on Tuesday. U.S. Treasury Secretary Scott Bessent said he was departing the ongoing trade talks, but Lutnick and U.S. Trade Representative Jamieson Greer would remain to continue the negotiations. Discussions could extend into Wednesday if needed, Lutnick said previously. Japan's benchmark Nikkei 225 started...
US stocks finished higher on Tuesday as investors kept a close watch on US-China trade talks, buoyed by comments from Commerce Secretary Howard Lutnick, who said negotiations were going "really, really well." The S&P 500 climbed 0.5%, marking 3rd day wining streak, while the Dow added 105 points and the Nasdaq advanced 0.6%. Talks in London stretched into a second day, with both sides working late to finalize technical details, fueling optimism over a potential agreement to avoid further tariff escalation. Energy led sector gains, followed by consumer discretionary and health care,...