The Hang Seng Index weakened 38 points, or 0.15%, to close at 25,524 on Tuesday (July 29th), reversing gains from the previous session as most sectors declined. Traders are increasingly cautious about the potential negative impact of the US-EU trade deal, including its implications for growth and inflation. Meanwhile, President Trump raised global tariffs by 15% to 20% for non-negotiating partners, a level not seen since the Great Depression. Profit-taking also weighed after benchmark indexes in Hong Kong and China recently hit multi-year highs. However, the benchmark indexes pared earlier...
Hong Kong shares rose 65 points, or 0.3%, to 23,404 in early trade on Wednesday, trying to bounce back from a near two-week low hit the previous day. Gains were led by the technology, consumer discretionary and property sectors, with traders reacting positively to trade data showing the city's exports and imports rose at the fastest pace in 13 months. Meanwhile, U.S. stock futures edged higher after Wall Street posted modest overnight gains ahead of President Trump's April 2 tariff deadline. In China, Morgan Stanley raised its outlook on mainland stocks for the second time in just over a...
The Nikkei 225 Index climbed 0.7% to surpass 38,000, while the Topix Index added 0.6% to 2,814 on Wednesday, marking their second consecutive session of gains. Japanese stocks followed a strong Wall Street lead overnight, buoyed by hopes of a less aggressive stance on Trump's reciprocal tariffs. Meanwhile, investors continued to analyze the Bank of Japan's monetary policy outlook, after minutes from the January meeting suggested that policymakers remain open to further interest rate hikes. Consumer stocks led the advance, with strong gains from Nintendo (5.3%), Sony Group (2.9%), and Fast...
Asia-Pacific markets opened higher on Wednesday, tracking gains on Wall Street on expectations that U.S. President Donald Trump's tariffs could be softer than previously expected. Australia's S&P/ASX 200 opened 0.71% higher. Japan's Nikkei 225 rose 0.63% at the open, while the Topix gained 0.39%. South Korea's Kospi rose 0.38% while the small-cap Kosdaq traded 0.28% lower. Hong Kong's Hang Seng Index futures were at 23,478, also higher than the HSI's last close of 23,344.25. The White House's planned tariffs set for April 2 are expected to be limited in scope, according to reports...
The S&P 500 posted a slim gain on Tuesday as investors built on the previous session's gains, which were largely sparked by hopes of U.S. tariffs being narrower in scope. The broad market index added 0.16% to close at 5,776.65, while the Nasdaq Composite gained 0.46% and ended at 18,271.86. The Dow Jones Industrial Average crept higher by 4.18 points, or 0.01%, to settle at 42,587.50. Investors largely looked past the March consumer confidence data released Tuesday, which reflected a significant drop in U.S. consumers' near-term outlook on income, business, and job conditions. The...
European markets closed higher on Tuesday as investors continued to assess the scope and breadth of U.S. President Donald Trump's trade tariffs. The pan-European Stoxx 600 index closed 0.67% higher, with most sectors and all major bourses in positive territory.Germany's DAX led regional gains, up 1.13%, after a survey showed improved business sentiment in the conuntry. German biotech firm Bayer rose more than 5%, recovering from a 7% loss in the previous session after announcing over the weekend that it had been ordered by a U.S. court to pay $2.1 billion in damages relating to its Roundup...