The Hang Seng Index plunged 454 points, or 1.7%, on Tuesday (November 18th), its sharpest one-day drop since mid-October, and closed at a two-week low of 25,930. The index fell for a third straight session, weighed down by broad declines across sectors. Sentiment soured due to the global market slump, with traders anxiously awaiting Nvidia's earnings report amid valuation concerns and the delayed release of US data, including the September employment report. Technology stocks slumped nearly 2% as the recent rally showed signs of exhaustion. Property, financial, and consumer discretionary...
European stocks fell on Tuesday (October 14th), with the Stoxx 50 and Stoxx 600 both down around 0.3%, as escalating US-China trade tensions weighed on sentiment. Risk-sensitive sectors such as automotive and mining led the decline after Beijing imposed sanctions on the US units of a South Korean shipping company and warned of further retaliation, raising concerns of new trade disruptions. Defensive sectors, including telecommunications, real estate, and utilities, outperformed as investors sought safe havens. Among the stocks that moved, Michelin plunged 8.9% after the tire maker issued a...
Stocks fell Tuesday, resuming the selling seen late last week, as trade worries were reignited overnight by China. The Dow Jones Industrial Average lost 504 points, or 1.1%. The S&P 500 lost 1.3%, while the Nasdaq Composite shed nearly 2%. The selling was led by the AI shares that have driven the bull market, but also were the biggest losers during Friday's rout. Nvidia lost more than 3%. Tesla and Oracle lost 2.5% and 1.4%, respectively. China imposed sanctions on five of South Korea's Hanwha Ocean's U.S. subsidiaries. This will forbid organizations and individuals in China from...
European stocks fell on Tuesday, with the STOXX 50 down 1% and the STOXX 600 down 0.8%, after posting sharp gains in the previous session. The mining, automotive, banking, and industrial sectors led the decline due to renewed concerns over the US-China trade dispute. Both countries began imposing new port fees on each other's ships, fueling concerns about the outlook for global trade. On the corporate side, several earnings reports soured market sentiment. BP fell around 2% after warning of a potential impairment charge of up to $500 million in the third quarter, while Rio Tinto fell 1.4%...
The Nikkei 225 index closed sharply lower by 2.6% to 46,847.32 on Tuesday, posting its biggest daily decline since April 11. The pressure came after the Komeito party withdrew from Japan's governing coalition, increasing political uncertainty and raising concerns of a short-term correction in the stock market. This situation is also considered to complicate the path of Sanae Takaichi, the new president of the Liberal Democratic Party (LDP), to become the next prime minister. Major stocks also fell, with MonotaRO plunging 10%, Furukawa Electric dropping 7.5%, and Chugai Pharmaceutical...
Hong Kong stocks rose on Tuesday, ending six consecutive days of declines. The Hang Seng Index rose 0.2% to 25,925, as investors expressed optimism that tensions between China and the United States would ease. This hope arose after the two countries opened the door to renewed negotiations. Blue-chip stocks such as Pop Mart and BYD led the gains, while gold and technology stocks also moved positively. This increase signals a stabilization in the market after a previous sell-off triggered by geopolitical concerns. US President Donald Trump signaled a possible meeting with Chinese President Xi...