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...
Asia-Pacific markets are primed to rise on Thursday after a soft inflation report in the U.S. helped two of the three benchmarks on Wall Street reverse course from two days of losses. The consumer price index — a broad-based measure of costs across the U.S. economy — increased 0.2% month-on-month in February, putting the annual inflation rate at 2.8%. Australia's S&P/ASX 20 started the day 0.20% higher, reversing course from losses in the previous two sessions. Over in Japan, the benchmark Nikkei 225 is set to open higher, with the futures contract in Chicago at 37,035 while its...
The Nasdaq Composite rose on Wednesday after a soft inflation report eased concerns about the economy and as investors snapped up beaten-up technology shares. The tech-heavy benchmark added 1.22% and closed at 17,648.45,while the S&P 500 gained 0.49% to end at 5,599.30. The Dow Jones Industrial Average slipped 82.55 points, or 0.2%, to settle at 41,350.93. Though the tech sector is off more than 3% week to date, the cohort bounced on Wednesday to lead the S&P 500 higher. Nvidia gained 6.4%, and AMD added more than 4%. Meta Platforms advanced 2%, and Tesla jumped more than 7%. The...
The Nasdaq Composite rebounded after a soft inflation report eased concerns about the economy and as investors snapped up beaten-up technology shares. The tech-heavy index popped 1.7%. The S&P 500 added 0.9%, while the Dow Jones Industrial Average was trading marginally higher. Nvidia shares gained 6%, while Meta Platforms and Tesla rose 2% and 7%, respectively. The consumer price index, a broad measure of costs across the U.S. economy, increased 0.2% for the month, putting the annual inflation rate at 2.8%. This was lower than the respective Dow Jones estimates for 0.3% and 2.9%....
The Dow Jones Industrial Average fell again on Wednesday as rising tensions between the U.S. and its major trading partners continued to rattle investors. The blue-chip index fell 287 points, or 0.7%. The S&P 500 traded nearly flat, while the Nasdaq Composite rose 0.6%. President Donald Trump's steel and aluminum tariffs went into effect Wednesday, and Canada said it would slap 25% retaliatory duties on more than $20 billion worth of U.S. goods. The European Union also responded swiftly, pledging to impose retaliatory tariffs on 26 billion euros ($28.33 billion) worth of U.S. imports...
The Hang Seng fell 182 points, or 0.8%, to close at 23,600 on Wednesday (3/12), reversing a subdued close in the previous session amid widespread losses. Sentiment was weighed down by concerns over China's deflation risks and the ongoing global trade spat. The EU escalated its trade dispute with the US by launching retaliatory new steel and aluminium tariffs, planning to impose duties on EUR26 billion worth of American goods. Caution also grew ahead of the US February CPI report after January's reading beat expectations. However, the losses were partly offset by a 34.4% yoy surge in Chinese...