Europe's STOXX 600 closed at a record high on Wednesday, with healthcare stocks leading the way after a U.S.-Pfizer deal reduced uncertainty in the sector, while investors digested the beginning of a U.S. government shutdown. The pan-European STOXX 600 surged 1.2% to log its biggest one-day percentage gain since July 23. Most regional bourses were also trading higher, with London's FTSE 100 at a record high. Healthcare stocks jumped 5.4%, marking their biggest one-day performance since November 2008. On Tuesday, Pfizer agreed to lower prescription drug prices in the U.S. Medicaid programme...
The Hang Seng Index fell 153 points, or 0.6%, to close at 25,343 on Wednesday (September 3), weakening for a second day as global equities weakened on growing concerns over fiscal pressures worldwide. Meanwhile, Dow Jones futures were seen weakening, pressured by a sixth consecutive monthly decline in the US manufacturing sector. Adding to the uncertainty, a divided US appeals court ruled most of President Trump's tariffs illegal, though the measures will remain in place until October 14 pending a possible appeal to the Supreme Court. All sectors traded in the red after a military parade in...
European stocks traded higher on Wednesday, with the STOXX 50 up 0.7% and the STOXX 600 gaining 0.4%, rebounding after a 1.4% drop in the previous session. On Tuesday, equities retreated as concerns over debt sustainability in major economies pushed bond yields sharply higher, with the UK market under the greatest strain. Large-cap stocks mostly advanced, led by SAP (+1.6%), LVMH (+1.5%), ASML Holding (+2.1%), Hermès International (+0.5%) and Novartis (+0.5%). In contrast, Swiss Life fell about 2% after reporting a weaker first-half net profit, while M&G slipped 2.5% after posting a...
The Nikkei 225 Index dropped 0.88% to 41,939 while the broader Topix Index slid 1.07% to 3,049 on Wednesday, reversing prior gains and tracking Wall Street's losses. US stocks tumbled overnight as rising global bond yields, persistent economic uncertainty and renewed trade tensions pressured sentiment. Domestically, Bank of Japan Governor Kazuo Ueda reaffirmed Wednesday that the bank's stance on rate hikes remains unchanged if growth and inflation evolve as expected. Investors now look to upcoming Japanese wage data later this week for guidance on the policy path. Index heavyweights led...
The Hang Seng Index has opened positively, gaining 164 points or 0.64%, reaching 25,660 points. The National Enterprises Index rose by 65 points, equivalent to a 0.71% increase, now standing at 9,173 points, while the Technology Index climbed 56 points, or 0.99%, to 5,785 points. Technology stocks showed strong performance, with Tencent rising by 1%, Alibaba increasing by 1.3%, and Meituan slightly down by 0.1%. Xiaomi Group saw a rise of 1.9%, JD.com surged by 2.6%, and Kuaishou gained 0.7%. In the financial sector, stocks exhibited mixed results; HSBC Holdings fell by 0.1%, while AIA...
Japanese stocks are trading lower, tracking overnight losses on Wall Street as inflation fears due to rising bond yields weigh on the index. Automobile and financial stocks are weighing on the index. Toyota and Honda are down 0.2% and 0.5%, respectively. Sumitomo Mitsui Financial is down 0.9%, while Mitsubishi UFJ Financial is 0.7% lower. Index heavyweight SoftBank Group is down 2.8%. USD/JPY is down 0.1% at 148.56. The Nikkei Stock Average is down 0.4% at 42132.41. Source: Bloomberg