The Hang Seng Index plunged 404 points, or 1.6%, to close at 24,773 on Thursday (July 31), marking its third consecutive decline and its lowest close in two weeks. Sentiment worsened after China's official PMI showed services activity grew at its slowest pace in eight months and factory output fell the most in six months, amid rising trade barriers and extreme weather. Meanwhile, US President Trump's "reciprocal" tariff suspension is set to expire on Friday, with only eight trade deals reached in the past 120 days. On the monetary front, Fed Chairman Powell dismissed expectations of a...
Stocks slid on Friday as a mix of news related to tariffs and inflation worried traders to close out the week. Major benchmarks took a leg lower during the session after President Donald Trump said he was planning reciprocal tariffs on trading partners. This could mean raising tariff levels across the board to equal rates charged the U.S. The Dow Jones Industrial Average fell 444.23 points, or 0.99%, to close at 44,303.40. The S&P 500 declined 0.95% to 6,025.99, and the Nasdaq Composite slid 1.36% to end at 19,523.40. Friday's losses left the major averages in negative territory on the...
The S&P 500 fell sharply Friday as investors digested a cooler-than-anticipated jobs report and sharp uptick in inflation expectations just as President Donald Trump announced fresh tariff measures set for next week. the Dow Jones Industrial Average fell 329 points, or 0.7%, the S&P 500 index slipped 0.80%, and the Nasdaq Composite decreased 1.3%. Trump warns of reciprocal tariffs on many countries next week President Donald Trump detailed plans on Friday to impose tariffs next week on U.S. imported goods equal to the rates that trading partners impose on American exports, Reuters...
Wall Street's main indexes opened flat on Friday, as investors expected the Federal Reserve to take a more cautious stance on interest rates after the latest batch of jobs data. The Dow Jones Industrial Average, rose 14.9 points, or 0.03%, at the open to 44762.57. The S&P 500, fell 0.4 points, or 0.01%, at the open to 6083.13, while the Nasdaq Composite, dropped 17.1 points, or 0.09%, to 19774.867 at the opening bell. Source : Reuters
Hong Kong's stock market ended higher on Friday with the benchmark Hang Seng Index up 1.16 percent to close at 21,133.54 points. The Hang Seng China Enterprises Index jumped 1.22 percent to end at 7,784.07 points, and the Hang Seng Tech Index climbed 1.8 percent to 5,150.35 points. Source : CTX
European stock markets traded subdued on Friday, stalling near record highs ahead of the highly anticipated monthly U.S. payrolls report. At 3:05 a.m. ET (08:05 GMT), Germany's DAX index was trading largely unchanged, while France's CAC 40 was down 0.1% and the U.K.'s FTSE 100 was down 0.1%. The pan-European STOXX 600 index closed at a record high on Thursday, helped by mostly strong corporate earnings. European stocks have performed at their best pace in a decade against Wall Street in the first six weeks of 2025, but doubts remain over whether the gains can be sustained given the euro...