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...
The Nikkei 225 rose 0.5% to 41,000 and the broader Topix gained 0.45% to 2,980 on Thursday, marking the third consecutive gain for Japanese stocks. The rally mirrored overnight gains on Wall Street, driven by upbeat corporate earnings reports, as investors largely shrugged off President Donald Trump's latest tariff moves. Trump announced a 100% tariff on imported semiconductors, excluding companies building in the US, and doubled tariffs on Indian goods to 50% on continued imports of Russian oil. Among the gainers were SoftBank Group (+2%), Mitsubishi UFJ (+1.5%), and Ryohin Keikaku...
Stock markets in the Asia-Pacific region opened with mixed movements on Thursday morning, after US President Donald Trump announced he would impose a 100% tariff on semiconductor imports. However, companies building production facilities in the United States will be exempt from the tariffs. However, there is still no clarity on how large a production commitment in the US will be required for a company to be exempt from the tariffs. This uncertainty has left investors in the region cautious about the potential impact on the technology sector. In Japan, the Nikkei 225 index was flat, while...
European shares closed flat on Wednesday, surrendering early session gains, as healthcare stocks felt the pinch from U.S. President Donald Trump's latest threat to impose higher tariffs on pharmaceutical imports. The pan-European STOXX 600 index closed 0.06% lower, breaking its two-day winning streak despite starting the session on a positive note. Healthcare stocks bore the brunt of the selling pressure. The sector index plunged 2.8% to its lowest level in more than three months after Trump unveiled a graduated tariff plan targeting pharmaceutical imports that could see levies on the...
Stocks in the US were mostly higher on Wednesday, with the S&P 500 up 0.1%, the Nasdaq adding 0.2% and the Dow Jones swinging around the flatline. Traders remain focused on corporate earnings and trade developments, particularly after President Trump announced increased tariffs targeting countries that purchase energy from Russia. He also signaled that new levies on semiconductor and pharmaceutical imports will be unveiled "within the next week or so". Apple was up 2.8% as President Donald Trump is set to announce the firm will commit to another $100 billion investment on domestic...
The Hang Seng closed almost flat at 24,911 on Wednesday after dipping slightly in morning deals. Traders digested comments from President Trump, who said the U.S. was close to a trade deal with China and that he would meet President Xi before year-end if an agreement is reached. Investors also looked ahead to key Chinese economic data, including trade figures on Thursday and inflation on Saturday, amid concerns over rising trade barriers and persistent deflation risks. At the same time, markets braced for a possible new U.S. tariff announcement targeting semiconductors and chips, expected...