European shares closed flat on Wednesday, surrendering early session gains, as healthcare stocks felt the pinch from U.S. President Donald Trump's latest threat to impose higher tariffs on pharmaceutical imports. The pan-European STOXX 600 index closed 0.06% lower, breaking its two-day winning streak despite starting the session on a positive note. Healthcare stocks bore the brunt of the selling pressure. The sector index plunged 2.8% to its lowest level in more than three months after Trump unveiled a graduated tariff plan targeting pharmaceutical imports that could see levies on the...
(Hong Kong) The Hang Seng Index opened down 625 points, or 2.67%, reaching 22,716 points. The Hang Seng China Enterprises Index fell 239 points, or 2.77%, to 8,379 points, while the Technology Index declined by 249 points, or 4.3%, to settle at 5,540 points. Technology stocks faced significant selling pressure, with Tencent down 3.9%, Alibaba plunging 7.8%, Meituan falling by 3.9%, Xiaomi Group down 3.4%, JD.com declining 5%, and Kuaishou dropping 5.2%. Following its earnings report, Trip.com saw a decrease of 3.2%. The financial sector also experienced a downward trend, though HSBC...
The Nikkei 225 Index fell 1.4% to below 38,300, while the broader Topix Index dropped 0.7% to 2,717 on Tuesday, marking a five-week low as Japanese stocks tracked losses on Wall Street overnight. The downturn was fueled by a pullback in technology and artificial intelligence stocks, sparking concerns that the AI-driven rally may be losing momentum. However, some analysts believe the AI sector could continue to thrive for years to come. Meanwhile, traders in Japan are awaiting a series of economic reports set for Friday, which may offer fresh insights into the Bank of Japan's future...
The S&P 500 was little changed on Monday as the market tried to recover from Friday's sharp selloff. The broad index fell 0.2%. The Dow Jones Industrial Average rose 120 points, or 0.3%. The Nasdaq, meanwhile, fell 0.8%. Big tech stocks came under pressure, sending the Nasdaq Composite down for the day and briefly entering negative territory for 2025. Palantir plunged 10%, dragging the Nasdaq lower. Microsoft fell about 1% after a TD Cowen analyst report said the company was cutting spending on data centers, raising concerns about a weakening artificial intelligence trade. Chipmaker...
European stocks closed mostly lower on Monday as markets digested the results of Germany's general election and continued to adjust to uncertain expectations about government spending in Europe and trade flows with the U.S. The STOXX 50 fell 0.4% to close at 5,452 and the STOXX 600 edged down 0.1% to 553. The CDU/CSU bloc won 28.6% of the vote, in line with expectations but needs to form a coalition to secure a parliamentary majority. Negotiations could be lengthened and the far-right AfD and the Left Party together secured a third of the seats, enough to block key legislation in the new...
U.S. stocks were choppy on Monday, as investors looked ahead to a high-profile quarterly earnings report from Nvidia and crucial economic data. By 10:02 ET (15:02 GMT), the benchmark S&P 500 had fallen by 19 points or 0.3%, the tech-heavy Nasdaq Composite had dipped by 159 points or 0.8%, and the 30-stock Dow Jones Industrial Average was mostly flat. The main averages on Wall Street fell on Friday and posted weekly losses, weighed down in part by figures showing a decline in U.S. business activity to a 17-month low -- signaling that businesses and consumers were becoming increasingly...