The Hang Seng Index fell 128 points, or 0.5%, to close at 26,829 on Wednesday, declining for a third straight session as sector-wide weakness gripped the market. The technology index fell 0.6%, tracking Wall Street's losses after Oracle fell on margin concerns. Shares of tech giant Alibaba fell 1.6%, while Baidu (-3.2%), Meituan (-2.3%), and SMIC (-1.8%) posted sharp losses, as US lawmakers reportedly pushed for broader restrictions on chip-making equipment exports to China. Financial and consumer staples stocks also weakened, weighed down by concerns over China's slowing economic recovery,...
The Shanghai Composite rose 0.6% to surpass 3,350, while the Shenzhen Component edged up 0.4% to 10,550 on Tuesday, with mainland stocks rebounding after a two-day decline as investors reacted positively to strong factory activity data. A private survey showed that Chinese manufacturing expansion accelerated more than expected in March, reaching a four-month high amid robust external demand. Total new orders grew for the sixth consecutive month, while new export orders recorded their fastest expansion in nearly a year. However, investor sentiment remained cautious as markets awaited the...
Japanese stocks rebounded, buoyed by the solid performance of US equities ahead of Trump's announcement on reciprocal tariffs, as well as a pause in the yen's strength. The Topix Index rose 1.2% to 2,690.37 as of 9:20 a.m. Tokyo time after a two-day loss of more than 5.6%. Sony Group Corp. contributed the most to the Topix's gain, increasing 1.9%. Out of 1,692 stocks in the index, 1,415 rose and 223 fell, while 54 were unchanged. The Nikkei climbed 1% to 35,986.04 after entering a technical correction Monday. Bank, insurance and financial shares rose,...
European markets traded sharply lower on Monday as global investors braced for U.S. President Donald Trump's trade tariffs to come into force. The regional Stoxx 600 index closed 1.51% lower, with nearly all sectors and major bourses firmly in negative territory. The final trading day of March marks the Stoxx 600′s first losing month of the year, with a loss of nearly 3%, according to LSEG data. However, in 2025 so far the index continues to outperform the U.S. S&P 500, which is on course to drop more than 6% in March. The global sell-off comes ahead of a raft of Trump tariffs set to...
U.S. stocks fell Monday as traders looked ahead to "Liberation Day" for clarity on President Donald Trump's tariff plans. The Dow Jones Industrial Average traded 228 points lower, or 0.6%. The S&P 500 dipped 1.2%, and the Nasdaq Composite shed 2.1%. Investors were in a risk-off mood again early Monday, selling the tech bull market winners like Nvidia, Tesla and Meta. A slew of tariffs previously announced by the Trump administration will go into effect on Wednesday — what Trump has called "Liberation Day" — including a 25% levy on "all cars that are not made in the United States." The...
European markets opened sharply lower on Monday as global investors braced for U.S. President Donald Trump's trade tariffs to come into force. The regional Stoxx 600 index was 1% lower shortly after the opening bell, with all sectors and major bourses firmly in negative territory. Germany's DAX index led losses, shedding 1.2% during early trade. The sell-off comes ahead of a raft of Trump tariffs set to come into effect on Wednesday, including a 25% levy on "all cars that are not made in the United States." By 8:18 a.m. in London on Monday, Europe's Stoxx Automobiles and Parts index was...