The three US indices closed lower on Thursday, as gains in Microsoft and Meta failed to lift the broader market amid renewed trade uncertainties and economic concerns. The S&P 500 fell 0.5%, marking its third consecutive loss, while the Nasdaq 100 slipped 0.4%. The Dow dropped 330 points, dragged down by losses in healthcare stocks. Market sentiment was dented by President Trump's decision to extend a 25% tariff on Mexican imports and looming deadlines for broader trade actions. The Fed's preferred inflation gauge, the core PCE, rose 0.3% in June and 2.8% from a year earlier, adding to...
The Hang Seng plunged 331 points, or 1.4%, to close at 24,035 on Thursday, reversing gains from the previous session amid a plunge in U.S. futures following President Trump's threat of new tariffs. This came just a day after China and the U.S. struck a positive tone in talks to ease tensions. Trump said letters detailing the terms of a new trade deal would be sent to countries within weeks, which they could either accept or reject. The market retreated from a nearly three-month high, with all sectors down as traders locked in profits. Sentiment also turned cautious ahead of U.S. PPI data...
European stock markets have opened sharply lower, with the Stoxx 600 index falling 0.42% and almost all sectors in the red led by travel, down 1.5%. Global sentiment has not been improved by the latest updates on U.S. tariffs, with high duties that Washington has imposed on China expected to remain in force and with negotiations with key U.S. trading partners looking set to rumble on beyond the initial July 9 deadline. The U.K.'s FTSE 100 initially dipped after closing at a record high on Wednesday, but was last fractionally above the flatline after figures showed the British economy...
Japan stocks were lower after the close on Thursday, as losses in the Paper & Pulp, Transport and Communication sectors led shares lower. At the close in Tokyo, the Nikkei 225 lost 0.68%. The best performers of the session on the Nikkei 225 were Sumitomo Dainippon Pharma Co Ltd (TYO:4506), which rose 16.95% or 150.00 points to trade at 1,035.00 at the close. Meanwhile, Mitsubishi Heavy Industries, Ltd. (TYO:7011) added 4.88% or 160.00 points to end at 3,436.00 and Japan Steel Works Ltd (TYO:5631) was up 4.45% or 322.00 points to 7,551.00 in late trade. The worst performers of the...
US President Donald Trump says he will unveil unilateral tariff rates within two weeks Hong Kong stocks fell on Thursday, following declines in the US, as investors contended with new trade threats from Washington and uncertainty over trends in interest rates. The Hang Seng Index dropped 0.8 per cent to 24,176.63 at 9.55am local time, wiping out Wednesday's gains following a preliminary US-China trade agreement. The Hang Seng Tech Index dropped 1.5 per cent. On the mainland, the CSI 300 Index lost 0.2 per cent and the Shanghai Composite Index retreated 0.1 per cent. Technology stocks...
Japan's Nikkei Stock Average is down 0.1% at 38386.45 as falls in electronics stocks offset gains in bank and heavy industry shares. Kioxia Holdings is down 2.9% and Lasertec is 0.7% lower, while Resona Holdings is 1.1% higher and Kawasaki Heavy Industries is up 1.8%. The broader market index Topix is 0.1% higher at 2792.76. USD/JPY is at 144.24, down from 145.22 as of Wednesday's Tokyo stock market close. Investors are closely watching any developments related to U.S. tariffs and the war in Ukraine. Source: Dow Jones Newswires