The Nikkei 225 Index slumped 3.2% to close at 48,703, while the broader Topix Index plunged 2.88% on Tuesday, falling for the third consecutive session as investors sold off tech stocks following Wall Street's sharp decline overnight ahead of the US jobs report and Nvidia's quarterly results. The Nikkei posted its steepest drop in more than seven months, hitting its lowest level since October 23. Escalating Tokyo–Beijing tensions also pressured sentiment, with retail stocks trading mixed after a sharp fall in the previous session. Traders closely watched a meeting between Japanese Prime...
Major US stock indexes closed sharply higher on Monday (October 13), recovering from Friday's sharp sell-off after President Trump took a softer stance on US-China trade tensions, assuring that relations with Beijing "will be fine." The S&P 500 and Nasdaq 100 rose 1.6% and 2.2%, respectively, while the Dow Jones Industrial Average surged 593 points, as investors returned to riskier assets following Trump's comments. Trump's remarks helped ease fears of an escalating trade war after last week's threat of 100% tariffs on Chinese goods wiped out approximately $2 trillion in market value....
US stocks climbed sharply on Monday, with the S&P 500 up 1.3%, the Nasdaq surging 1.6%, and the Dow Jones rising more than 450 points, rebounding from Friday's steep losses that marked the S&P's biggest one-day drop since April. Traders appeared to shake off renewed tensions in the US–China trade dispute after Washington threatened higher tariffs in response to Beijing's rare earth export controls. Over the weekend however, President Trump struck a softer tone, saying the "China situation will all be fine". In addition, a multi-year partnership to develop custom chips between OpenAI...
The Tokyo Stock Exchange was closed today (Monday, October 13) for Health and Sports Day, so the benchmark level is based on the Nikkei 225's final close of 48,088.80 (-1.01%) on Friday (October 10). Trading continued in derivatives, but sentiment remained fragile following Asian turmoil due to renewed US-China trade tensions following Washington's threat of new tariffs. This has dampened risk appetite in the region, although US futures have attempted a rebound. In Japan, the market is also monitoring political uncertainty following the collapse of the LDP-Komeito coalition and the dynamics...
The Hang Seng dipped 401 points or 1.5% to end at 25,889 on Monday, marking a sixth session of losses as all sectors weighed on the index. Sentiment weakened further after President Trump announced Friday 100% tariffs on Chinese exports and new export controls on critical software starting Nov. 1, in retaliation for Beijing's rare earth curbs. Traders shrugged off his later remarks that "trade relations with China will be fine." Markets hit a one-month low, tracking a pullback from decade highs in mainland stocks. Losses were partly offset by stronger-than-expected Chinese trade data...
European stocks started the week in positive territory, with the STOXX 50 rising 0.9% and the STOXX 600 adding 0.6%, as traders geared up for the upcoming earnings season and largely brushed off trade tensions between the US and China. Following Friday's threat by Washington to raise tariffs on China in response to Beijing's rare earth export controls, US President Trump said on Sunday that the "China situation will all be fine." Meanwhile, ASML and LVMH are among the major companies scheduled to release quarterly results this week. On the political front, French President Macron announced...