The Hang Seng closed almost flat at 24,911 on Wednesday after dipping slightly in morning deals. Traders digested comments from President Trump, who said the U.S. was close to a trade deal with China and that he would meet President Xi before year-end if an agreement is reached. Investors also looked ahead to key Chinese economic data, including trade figures on Thursday and inflation on Saturday, amid concerns over rising trade barriers and persistent deflation risks. At the same time, markets braced for a possible new U.S. tariff announcement targeting semiconductors and chips, expected...
European stock markets opened lower on Friday after hitting record highs earlier this week. The pan-European Stoxx 600 index moved 0.1% lower when markets opened. The U.K.'s FTSE 100 was down by 0.25%, and Germany's DAX was lower by 0.3%. Meanwhile, France's CAC 40 opened flat. Asia-Pacific markets were mixed Friday, after Wall Street rose overnight as President Donald Trump signed a reciprocal tariffs plan, but did not enact the levies immediately. Mainland China's CSI 300 Index rose 0.86%, while Hong Kong's Hang Seng index surged 3.06%, extending its gains from the previous...
Japan stocks were lower after the close on Friday, as losses in the Textile, Transportation Equipment and Chemical, Petroleum & Plastic sectors led shares lower. At the close in Tokyo, the Nikkei 225 fell 0.79%. The best performers of the session on the Nikkei 225 were Toppan Printing Co., Ltd. (TYO:7911), which rose 15.52% or 632.00 points to trade at 4,703.00 at the close. Meanwhile, Sony Corp (TYO:6758) added 8.65% or 295.00 points to end at 3,705.00 and Trend Micro Inc. (TYO:4704) was up 6.77% or 735.00 points to 11,595.00 in late trade. The worst performers of the session were...
The Hang Seng Index opened higher, rising 212 points or 0.97%, to reach 22,027 points. The China Enterprises Index climbed 80 points, or 1%, to 8,083, while the Tech Index advanced 75 points, or 1.43%, to 5,310.Technology stocks posted strong performances, with gains across major players. Tencent rose 1.7%, Alibaba edged up 0.1%, Meituan gained 1.4%, Xiaomi rose 1.8%, JD.com climbed 2.3%, and Kuaishou surged 3.3%.Financial stocks also provided significant support to the market. HSBC advanced 0.4%, AIA rose 1.7%, Ping An Insurance increased by 1.2%, and the Hong Kong Exchanges and Clearing...
The Nikkei 225 Index declined 0.4% to around 39,300 on Friday, ending a three-day rally as the yen sharply rebounded overnight. The currency's rise followed expectations of a softer US PCE inflation reading and a delay in President Trump's reciprocal tariffs. A stronger yen typically weighs on Japan's export-driven industries and makes Japanese assets pricier for foreign investors. Meanwhile, investors continued to navigate Japan's busy earnings season, which has yielded mixed results so far. Notable losses were seen in index heavyweights such as IHI Corp (-2.2%), Fast Retailing (-1.1%), and...
Asia-Pacific markets rose Friday, tracking Wall Street gains overnight as President Donald Trump signed a reciprocal tariffs plans, but did not enact the levies on them immediately.Australia's S&P/ASX 200 started the day 0.76% higher, after hitting a intra-day record in the previous session.Over in Japan, the benchmark Nikkei 225 started the day down 0.15%, while the broader Topix index was up 0.31%.South Korea's Kospi opened 0.14% higher while the small-cap Kosdaq advanced 0.74%.The country's seasonally adjusted unemployment rate hit 2.9% in January, easing from its three-year high of...