The Hang Seng Index weakened 146 points, or 0.5%, to close at 27,141 on Friday (October 3), retreating from a four-year high after three sessions of gains, as traders took profits following five consecutive months of gains since May. Sentiment was also impacted by concerns over the US government shutdown, which has halted much official activity, including the jobs report originally due today, with markets bracing for a shutdown that could last until next week. Trading was also sluggish as mainland Chinese markets remain closed until October 8. The decline was broad-based, with technology...
The Nikkei 225 Index dropped 0.97% to close at 42,394, while the broader Topix Index fell 1.08% to 3,072 on Tuesday, snapping a two-day advance and mirroring overnight weakness on Wall Street as investors locked in profits after last week's rally. Market sentiment was also dented by renewed trade tensions after US President Donald Trump reportedly threatened to impose "200% tariffs or something" on China if it failed to export rare-earth magnets to the US. Adding to uncertainty, Trump announced the removal of Federal Reserve Governor Lisa Cook over alleged mortgage fraud, raising fresh...
Hong Kong stocks fell 98 points, or 0.4% to 25,734 in Tuesday morning's session, snapping a two-day rally after Wall Street closed lower as traders weighed U.S. President Trump's tariff threats. Trump reportedly warned of "200% tariffs or something" on China if it limits rare-earth magnet exports, and vowed retaliation against countries targeting U.S. Big Tech, calling such moves "discriminatory." The Hang Seng pulled back from its highest in almost four years as caution grew ahead of China's January–July industrial profit data, with sentiment weighed by trade frictions, weak demand, and...
Nikkei Drops 0.6%, Dragged by Electronics, Pharma Stocks Japanese stocks are lower as uncertainty over U.S. tariffs and their impact on earnings continues. Electronics and pharmaceutical stocks are leading declines. Renesas Electronics is down 2.0% and Daiichi Sankyo is 1.9% lower. USD/JPY is at 147.27, compared with 147.17 as of Monday's Tokyo stock market close. Investors are focusing on any developments related to the war in Ukraine and domestic politics. The Nikkei Stock Average is down 0.6% at 42536.55. Source: Bloomberg
Asia-Pacific markets mostly fell Tuesday, tracking losses on Wall Street, as investors weighed U.S. President Donald Trump's comments on China. Investors also assessed the meeting between South Korean and U.S. presidents over fleshing out the trade deal framework announced last month that stipulated 15% tariffs on the Asian country's exports to the U.S. The Kospi index fell 0.56%, while the small-cap Kosdaq was up 0.36%. In Japan, the Nikkei 225 as well as the broader Topix index fell 0.54%. Australia's S&P/ASX 200 benchmark was marginally lower in early trade. Futures for Hong...
Stocks in the US closed lower on Monday as investors took a breather from last week's powerful rally and turned their focus to Nvidia's highly anticipated earnings report due Wednesday. The S&P 500 slipped 0.3% and the Dow Jones fell 349 points after last week's record-setting surge, and the Nasdaq 100 finished 0.4% lower. Consumer staples, health and utilities sectors dragged the most. Nvidia, which accounts for 8% of the S&P 500 rose 1%, while Intel shares lost 1% after news that the US government had taken a 10% stake in the company, part of a broader Trump administration push...