The Hang Seng rose 174 points or 0.7% to close at 25,562 on Monday, rebounding from losses in the prior session amid broad-based gains, led by financials and property stocks. Sentiment improved as the U.S. and China were set to resume trade talks in Stockholm, with reports suggesting a likely three-month extension of their tariff truce. Markets were near their highest in four years, lifted by news about the U.S.–EU trade deal, which set a 15% tariff on most EU goods, half the previously threatened rate. However, gains were capped by caution ahead of Hong Kong's June trade data due later...
European stock markets rose on Friday, boosted by stronger-than-expected Chinese growth data that overshadowed disappointing retail sales figures from the U.K. At 3:05 a.m. ET (08:05 GMT), Germany's DAX index was up 0.5%, France's CAC 40 was up 0.5% and the U.K.'s FTSE 100 was up 1%. China's economy grew 5.4% in the fourth quarter from a year earlier, data released earlier on Friday showed, significantly beating analysts' expectations and marking the fastest growth since the second quarter of 2023. For the full year of 2024, the world's second-largest economy expanded 5.0%, meeting the...
Japanese stocks fell after the close on Friday, as losses in the Transportation, Automobiles & Parts and Pharmaceuticals sectors led shares lower. At the close in Tokyo, the Nikkei 225 was down 0.41% to hit a fresh 1-month low. The best performers on the Nikkei 225 were Hino Motors, Ltd. (TYO:7205), which rose 7.59% or 42.40 points to trade at 601.00 at the close. Meanwhile, Taiheiyo Cement Corp. (TYO:5233) gained 6.30% or 218.00 points to close at 3,677.00 and Okuma Corp. (TYO:6103) gained 4.79% or 160.00 points to close at 3,500.00 in the last trade. The worst performers of the...
The Nikkei 225 Index dropped 1.1% to around 38,160, while the broader Topix Index fell 1.3% to 2,653 on Friday, marking their lowest levels in at least a month. The declines followed losses on Wall Street overnight, driven by a sell-off in megacap technology stocks. Investor focus shifted to the upcoming Bank of Japan monetary policy decision, as Governor Kazuo Ueda indicated on Wednesday that the central bank would consider raising interest rates at its next meeting. In corporate news, Nintendo saw a sharp 6% drop after announcing the launch of its Switch 2 console later this year. Other...
U.S. stocks dipped on Thursday as a jump in the prior session cooled, while investors eyed the most recent corporate earnings and gauged economic data to determine the path of Federal Reserve rate cuts. A benign reading on inflation calmed fears about a renewal in price pressures and strong bank earnings helped the three major U.S. indexes notch their biggest one-day percentage gain since Nov. 6 on Wednesday. Morgan Stanley (MS.N), advanced 4.03% after the lender said earnings increased in the fourth quarter, propelled by a wave of dealmaking, while Bank of America (BAC.N), shares declined...
European markets closed higher Thursday, with luxury stocks soaring on strong results from Cartier owner Richemont The regional Stoxx 600 index provisionally ended the day 0.93% higher, with most sectors in positive territory. Retail stocks pared earlier gains to fall 0.2%. Luxury sector bellwether Richemont jumped 16% after reporting a better-than-expected 10% increase in fiscal third-quarter sales, while France's LVMH, Kering and Christian Dior all rising. Retailers Moncler, Burberry, Swatch and Hermes also crowded around the top of the Stoxx index. Technology stocks closed 1.9% higher,...