Hong Kong stocks fell 84 points, or 0.3%, to 24,826 in a volatile Tuesday morning session, reversing the previous day's modest gains. Investors were cautious following negative sentiment on Wall Street overnight, ahead of key US inflation data, with the CPI figures due today and the PPI scheduled for Thursday. The decline was led by technology and consumer discretionary stocks, while property stocks were muted despite the Beijing government lifting restrictions on home purchases in the suburbs. Further declines were capped by the latest tariff developments, after President Trump signed an...
The Nikkei 225 Index rose 0.1% to around 39,716 while broader Topix Index fell 0.4% to 2,815 on Wednesday, with Japanese shares showing mixed performance as investors reacted to the latest trade developments. US President Donald Trump announced on Tuesday that he had reached a preliminary trade agreement with Indonesia, which will set a 19% tariff on the country's exports to the US. Domestically, data showed that sentiment among Japanese manufacturers improved slightly in July driven largely by a rebound in the semiconductor sector, despite lingering concerns over US trade...
The Dow Jones Industrial Average (DJIA) fumbled on Tuesday, losing enough ground to knock the megacap index back below the previous week's close, but still holding onto near-term consolidation levels. US Consumer Price Index (CPI) inflation showed price pressures are still on the wrong side of Federal Reserve (Fed) targets, knocking investor hopes for a summer rate cut even further back. US CPI inflation rose through the tail end of the second quarter. Despite the figures mostly keeping in line with or beating median forecasts, investors are still feeling the pressure from rising price...
European stocks erased early gains and closed mostly lower on Tuesday as markets continued to assess how potential tariffs from the US may hurt European businesses. The STOXX 50 closed 0.3% lower at 5,358 and the STOXX 600 fell 0.4% to close at 545. US President Trump had previously announced a 30% tariff on imports from the European Union starting August 1st, prompting the bloc to continue to seek a trade agreement. EU officials recently stated that a deal is still being negotiated to avoid tariffs, but a retaliation package is being prepared regardless, which may tariff up to€72 billion...
The S&P 500 rose 0.4% and the Nasdaq rallied 0.8% on Tuesday (July 15), while the Dow Jones Industrial Average hovered around the flatline, as the latest CPI report reinforced speculation that the Fed has room to cut interest rates this year. Headline inflation rose in line with forecasts, both annually and monthly. However, core inflation came in lower than expected for both measures, suggesting that underlying price pressures, particularly those related to recently imposed tariffs, remain contained for now. Meanwhile, Nvidia shares jumped nearly 5% after the company announced plans...
The Hang Seng Index surged 387 points, or 1.6%, to close at 24,590 on Tuesday (July 15), rising for a fourth straight session and reaching its highest level in nearly four months. The index rebounded from an initial decline as all sectors advanced, led by strong performance in technology and consumer stocks. The technology index surged 2.8%, driven by solid gains in Kuaishou Technology (3.8%), Meituan (3.5%), and Tencent Holdings (2.3%), after Nvidia expressed hope of soon resuming sales of its H20 general-purpose chip to China. Consumer, property, and financial stocks also rose, as...