Hong Kong stocks fell 26 points, or 0.1%, to 24,711 on Tuesday morning, reversing gains from the previous session. Traders remained cautious after the city's weather bureau extended its highest "black" rain warning until 11:00 a.m., as heavy rain disrupted schools, hospitals, courts, and civil registry offices. The Hong Kong Stock Exchange remained open with revised policies that allow trading to continue regardless of the weather. Investors also cautiously awaited China's July trade data and upcoming inflation figures, amid concerns over rising trade barriers and weak domestic demand....
The Nikkei 225 Index climbed 1.1% to surpass 37,800, while the broader Topix Index gained 1% to 2,745 on Thursday, marking a second consecutive session of gains. The rally followed US President Donald Trump's announcement of a one-month exemption for automakers from his 25% tariffs on imports from Canada and Mexico. The White House also indicated that Trump is open to further tariff concessions, easing concerns about potential economic fallout. Meanwhile, Bank of Japan Deputy Governor Shinichi Uchida stated this week that the central bank could raise interest rates further if its forecasts...
Wall Street's main indexes finished higher in choppy trading on Wednesday, as investors cheered the likely easing of trade tensions between the U.S. and major trading partners. Stocks turned positive after a report said President Donald Trump was considering a one-month delay of auto tariffs on Canada and Mexico. Equities extended gains after a White House announcement confirmed that Trump agreed to delay tariffs on some vehicles. Earlier, Wall Street had lost ground following mixed economic data and as investors also worried about a trade war. "We are on the tariff roller coaster," said...
gyrated on Wednesday amid ongoing uncertainties tied to President Donald Trump's controversial tariffs. The S&P 500 and Nasdaq Composite added 0.2% and 0.4%, respectively. The Dow Jones Industrial Average rebounded by 181 points, or 0.4%, after plunging more than 1,300 points over the last two sessions. The three indexes swung between positive and negative territory for the day. If the averages end down, it would mark the third straight negative session for each. Commerce Secretary Howard Lutnick said late Tuesday that he expected an announcement on an agreement with Canada and Mexico...
The S&P 500 was little changed on Wednesday, as fresh jobs data exacerbated concerns about the economy and appeared to distract from hopes of a compromise on President Donald Trump's controversial tariffs. The S&P 500 rose 0.2%, while the Nasdaq Composite edged up 0.1%. The Dow Jones Industrial Average jumped 162 points, or 0.4%, after dropping more than 1,300 points over the past two sessions. Commerce Secretary Howard Lutnick said late Tuesday that he expected an announcement on a deal with Canada and Mexico. Lutnick added earlier Wednesday that Trump was considering which...
The Hang Seng jumped 652 points, or 2.8%, to close at 23,594 on Wednesday, reversing a modest decline in the previous session, supported by broad gains across sectors. Sentiment improved after China set a GDP growth target of around 5% for 2025, maintaining the same pace as in 2024 despite the trade dispute with the US. Beijing also pledged fresh support for domestic consumption and the technology industry while cutting its annual inflation target to around 2%, the first adjustment in more than two decades from its previous target of 3%. Meanwhile, US index futures jumped after Wall Street...