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...
US equities fell on Tuesday as investors closely monitored escalating tensions in the Middle East, with the Israel-Iran conflict entering its fifth day. The S&P 500 lost 0.8%, the Dow dropped 299 points and the Nasdaq fell 0.9%, amid growing fears that the US could become directly involved in the Israel-Iran conflict. President Trump intensified his rhetoric, demanding Iran's "unconditional surrender" and warning of a potential strike against Supreme Leader Khamenei in a series of Truth Social posts. At the same time, disappointing US retail sales, which dropped 0.9% in May, signaled a...
The Dow Jones Industrial Average (DJIA) lost some ground on Tuesday, declining below 42,500 as equity markets roil beneath the weight of the burgeoning Israel-Iran conflict. President Donald Trump is racing toward direct involvement in the altercation, a move that could further destabilize the region. Retail Sales data also contracted sharply in May, with Tuesday's data release showing nearly a full percentage decline in American retail shopping volumes. Donald Trump, posting on social media Tuesday, declared that he wants an "UNCONDITIONAL SURRENDER" from Iranian supreme leader Ali...
The U.S. military is deploying more fighter aircraft to the Middle East and extending the deployment of other warplanes, bolstering U.S. military forces in the region as the war between Israel and Iran rages, three U.S. officials said. One of the officials said the deployments include F-16, F-22 and F-35 fighter aircraft. Two of the officials stressed the defensive nature of the deployment of fighter aircraft, which have been used to shoot down drones and projectiles. Source: Investing.com
Wall Street's main indexes opened lower on Tuesday as the Israel-Iran conflict entered its fifth day, denting global investor confidence ahead of the Federal Reserve's upcoming monetary policy decision. The Dow Jones Industrial Average, fell 156.5 points, or 0.37%, at the open to 42358.62. The S&P 500, fell 21.0 points, or 0.35%, at the open to 6012.15, while the Nasdaq Composite, dropped 74.1 points, or 0.38%, to 19627.082 at the opening bell. Source : Reuters
The Hang Seng lost 81 points or 0.3% to close at 23,980 on Tuesday amid broad sector losses, swinging from gains in the prior session. Sentiment weakened as U.S. stock futures tumbled after President Trump's abrupt exit from the G7 Summit in Canada, while Israel-Iran tensions extended into a fifth day. Investors also turned cautious ahead of the Fed's two-day policy meeting starting today, with a rate decision due Wednesday. While the board is expected to hold rates steady for a fourth straight time, geopolitical risks and rising oil prices could dampen hopes for near-term...