US stocks rallied on Wednesday (July 23), driven by optimism over a new trade agreement and strong corporate momentum. The S&P 500 rose 0.8% to a new record high, while the Nasdaq gained 0.7%. The Dow Jones Industrial Average surged 505 points, nearly reaching its own record high. The market welcomed news of a finalized trade deal between the US and Japan that includes reciprocal tariffs of 15%, with President Trump signaling similar progress in negotiations with the European Union. Reports suggesting a US-EU deal is nearing completion, mirroring Japan's framework, further boosted...
The Nikkei 225 rallied 3.51% to close at 41,171 while the broader Topix Index jumped 3.18% to 2,926 on Wednesday, with Japanese shares hitting one-year highs after US President Donald Trump announced a trade agreement with Japan that includes a 15% tariff on Japanese exports to the US. Trump also revealed that Japan will invest $550 billion into the US and open its markets to key American goods. The news sparked broad-based gains, led by Japanese automakers. Toyota Motor jumped 14.3%, Honda Motor rose 11.2%, and Nissan Motor climbed 8.3%. Financials, industrials, and consumer stocks also...
The Hang Seng Index opened 218 points, or 0.87%, higher on Wednesday, reaching 25,348 points. The China Enterprises Index also rose by 80 points, or 0.89%, to 9,156 points, while the Hang Seng Tech Index climbed 69 points, or 1.23%, to 5,675 points. Major technology stocks saw gains across the board. Meituan and Trip.com Group both surged 1.55%, Kuaishou rose 1.24%, Alibaba gained 0.85%, Tencent added 0.76%, and Xiaomi increased by 0.69%. Source: Dimsumdaily
The Nikkei 225 and Topix indexes rallied nearly 2% on Wednesday, with the latter reaching one-year highs after US President Donald Trump announced a trade agreement with Japan that includes a 15% tariff on Japanese exports to the US. Trump also revealed that Japan will invest $550 billion into the US and open its markets to key American goods. The news sparked broad-based gains, led by Japanese automakers. Toyota Motor jumped 9.8%, Honda Motor rose 8.8%, and Nissan Motor climbed 9%. Financials, industrials, and consumer stocks also posted strong advances, reflecting optimism over improved...
Asia-Pacific markets opened higher after U.S. President Donald Trump announced that he had completed a "massive Deal" with Japan, which set tariffs of 15% on the country's exports to the U.S. Overnight, the U.S. benchmark S&P 500 rose to another record high. Japan's benchmark Nikkei 225 rose 1.71% at the open, while the Topix climbed 1.87% as of 9.09 a.m. Japan time (8.09 p.m. ET Tuesday). South Korea's Kospi added 0.89% and the small-cap Kosdaq was 0.22% higher. Australia's S&P/ASX 200 rose 0.34%. Source: CNBC
US stocks closed mixed on Tuesday (July 22nd), as the S&P 500 hit a new record, rising nearly 0.1%, the Dow Jones Industrial Average rose 170 points, and the Nasdaq 100 fell 0.5% ahead of key earnings reports from Alphabet and Tesla. Chip stocks weighed on the Nasdaq, with Nvidia down 2.4% and Broadcom down 3.3% following reports that SoftBank and OpenAI's massive AI project was stalled. Shares of Lockheed Martin (-10.8%) and Philip Morris (-8.2%) fell sharply after disappointing results. General Motors (-8%) also warned of a deeper impact on profits related to tariffs after a 32%...