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...
European stocks edged higher on Tuesday, with the STOXX 50 up 0.3% and the STOXX 600 gaining 0.1%, as markets attempted to recover from modest losses in the previous session. Trade developments remained in focus, with investors closely monitoring potential deals that could ease tariff pressures. US President Trump announced a 30% tariff on imports from the European Union starting August 1st, prompting the bloc to continue to seek a trade agreement. Gains were seen in the autos and tech sectors, while telecom stocks declined. Corporate earnings were also in the spotlight. Shares of Ericsson...
Japanese shares closed higher on Tuesday as Prime Minister Shigeru Ishiba prepared to meet US Treasury Secretary Scott Bessent in Tokyo on Friday ahead of the Aug. 1 trade deal deadline. The Nikkei 225 rose 0.55%, or 218.4 points, to end at 39,678.02. Bessent will travel to Japan for the US national day at the World Expo in Osaka on July 19, skipping the G20 finance meeting in South Africa. He will lead a delegation that includes Labor Secretary Lori Chavez-DeRemer and Deputy Secretary of State Christopher Landau. Japan's top negotiator Ryosei Akazawa is also expected to meet Bessent,...
The Hang Seng Index opened 78 points higher, rising 0.32% to 24,281. The China Enterprises Index gained 30 points, or 0.34%, to close at 8,763, while the Tech Index increased by 14 points, or 0.27%, to 5,297. Technology stocks showed overall stability, with Tencent up 0.5%, Alibaba gaining 0.3%, and Meituan edging up 0.1%. Both Xiaomi Group and Kuaishou remained unchanged. Financial stocks displayed mixed performance. HSBC Holdings rose 0.7%, while AIA Group declined by 0.3%. Ping An Insurance saw a slight increase of 0.2%, and the Hong Kong Exchanges and Clearing also climbed...
The Nikkei 225 Index fell 0.1% to below 39,430 while the broader Topix Index rose 0.5% to 2,837 on Tuesday, with Japanese shares showing mixed performances as caution dominated sentiment amid ongoing global trade uncertainty and geopolitical risks. US President Donald Trump signaled openness to renewed trade talks with the European Union and other key partners, but also threatened to impose secondary tariffs of 100% on Russia if a peace deal with Ukraine is not reached within 50 days—adding to market volatility. On the domestic front, market participants awaited upcoming trade and...
Asia-Pacific markets are set to open higher on Tuesday as investors appear to look past U.S. President Donald Trump's on-again-off-again tariffs and await a slew of economic data releases out of China. Investors are also awaiting a busy week for second-quarter earnings season from Wall Street, and a key inflation reading, after all three key benchmarks in the U.S. ended Monday's session higher. Asia-Pacific markets open mixed Asia-Pacific markets started the day mixed Tuesday. As of 8.10 a.m. Singapore time (8.10 p.m. Monday ET), Japan's Nikkei 225 benchmark was flat while the broader...