Wall Street's main indexes bounced back on Monday after a sharp pullback in the previous session, buoyed by growing expectations of deeper Federal Reserve interest rate cuts following an unexpectedly weak jobs report. At 11:39 a.m. ET, the Dow Jones Industrial Average rose 463.55 points, or 1.06%, to 44,052.13, the S&P 500 gained 74.56 points, or 1.20%, to 6,312.57 and the Nasdaq Composite gained 325.95 points, or 1.58%, to 20,976.08. Both the S&P 500 and the Nasdaq were on track for their biggest single-day jump in more than two months. This is in contrast to Friday, when a...
The Nikkei 225 Index rose 1% to above 34,300 while the broader Topix Index added 1.2% to 2,518 on Tuesday, extending gains from the previous session and taking cues from a strong lead on Wall Street overnight. Major US stock indexes advanced on Monday as President Donald Trump exempted key electronic products from his reciprocal tariffs, while also reportedly considering pausing his 25% levies on auto imports. However, caution lingered as the US Commerce Department launched a national security investigation into semiconductor and pharmaceutical imports, keeping global markets on alert....
Asia-Pacific markets opened higher on Tuesday after all three major benchmarks on Wall Street rose on a tech rally. Japan's benchmark Nikkei 225 index opened the day up 1.04%, while the broader Topix index gained 1.14%. In South Korea, the Kospi index rose 0.39% at the open, while the small-cap Kosdaq index fell 0.32%. Meanwhile, Australia's S&P/ASX 200 gained 0.15% in early trade. Futures on Hong Kong's Hang Seng index were at 21,585, indicating a stronger open compared with the HSI's last close of 21,417.40. India is expected to release March inflation figures later in the day....
Stocks rose in a choppy session on Monday, helped by a rally in tech names following a surprise U.S. tariff exemption from President Donald Trump. The Dow Jones Industrial Average added 312.08 points, or 0.78%, to close at 40,524.79. The Nasdaq Composite rose 0.64% to end at 16,831.48, while the S&P 500 added 0.79% and settled at 5,405.97. All three indexes at times traded in negative territory during the turbulent session. Investors cheered Trump's exemption of smartphones and computers, as well as other devices and components such as semiconductors, from his new "reciprocal" tariffs,...
US stocks were higher on Monday as markets reconsidered concerns around uncertain trade policy passed by the Trump Presidential administration. The S&P 500 and the Nasdaq gained over 1% each and the Dow was 350 points higher. The White House paused the aggressive tariffs on computers and electronics from their reciprocal tariff package, including those on China, but Trump clarified that the temporary relief was only announced because sector-specific tariffs on computers and semiconductors will be placed shortly after. The moves extended the constantly-changing trade policy that has...
The Hang Seng jumped 503 points or 2.4% to end at 21,417 on Monday, marking its second straight session of gains and the highest close in two months. Broad-based buying boosted sentiment, with the tech sector up 2.3%, after the Trump administration granted tariff exclusions on tech goods —most of which are imported from China. Traders largely ignored the possibility that new US tariffs, including on chips, may be imposed in the coming weeks or months. Optimism was also supported by Beijing's ongoing efforts to calm its domestic markets, including a cap on daily net sales by individual...