Europe's Stoxx 600 index erased earlier gains to close 0.23% lower as investors turned less positive over the details of the U.S.-EU trade deal. Autos was among the worst-performing sectors, down 1.8%, as industry bosses warned that while manufacturers have regained some certainty, they will be left facing substantially higher costs. Brewing giant Heineken dropped 8.45% after reporting lower beer sales in the first half and flagging "softening sentiment in Europe and the Americas." Oil and gas stocks meanwhile finished 1.16% higher on broader optimism over the global trade outlook, and as...
The Nikkei 225 gained 0.6% to surpass 38,000, while the broader Topix Index rose 0.8% to 2,805 on Wednesday, extending recent gains as investors awaited the Bank of Japan's latest monetary policy decision. The central bank is widely expected to keep interest rates steady at 0.5% amid ongoing global economic and trade uncertainties. The monthly Reuters Tankan survey revealed that sentiment among Japanese manufacturers turned negative in March due to concerns over US tariff policies and economic weakness in China. Meanwhile, data showed that Japan's trade balance swung to a surplus in...
Stocks pulled back Tuesday as a sell-off that has engulfed Wall Street in recent weeks resumed after two straight winning sessions. The Dow Jones Industrial Average lost 260 points, or 0.6%. The S&P 500 shed 1%, nearing correction territory. The Nasdaq Composite dropped 1.7%. Tesla, one of the stocks hardest hit during the market's recent correction, was down yet again on Tuesday. The stock fell more than 5% after RBC Capital Markets lowered its price target on the electric vehicle name, citing rising competition in the EV space. It's declined more than 36% over the past month. The...
Stocks pulled back Tuesday as a sell-off that has engulfed Wall Street in recent weeks resumed after two straight winning sessions. The Dow Jones Industrial Average lost 416 points, or 1%. The S&P 500 shed 1.3%, nearing correction territory; it traded 8.8% below its record. The Nasdaq Composite dropped 1.8%.Tesla, one of the stocks hardest hit during the market's recent correction, was down yet again on Tuesday. The stock fell almost 5% after RBC Capital Markets lowered its price target on the electric vehicle name, citing rising competition in the EV space. It's declined about 36% over...
The Hang Seng surged 595 points or 2.5% to end at a 3-year high of 24,740 on Tuesday, keeping solid gains for the second day amid broad-based sector advances. The tech index led the rally, jumping 4% and tracking a rise at the Nasdaq Golden Dragon China Index Monday, ahead of tech earnings. BYD Co. hit a record after unveiling new fast-charging that rivals traditional refueling times. Baidu soared 12.2% after launching new AI models, while Alibaba and Tencent each climbed 5.5% and 3.0%. Consumers and financials also saw strong gains, buoyed by strong spending in China during early 2025, and...
The Nikkei 225 Index jumped 1.2% to close at 37,845 while the broader Topix Index climbed 1.29% to 2,784 on Tuesday, extending recent gains and tracking Wall Street higher as US retail sales data eased recession concerns. Japanese stocks also benefited from a weaker yen, which enhances the profit outlook for the country's export-driven industries and makes local assets more attractive to foreign investors. Japanese trading firms led the charge after Warren Buffett's Berkshire Hathaway raised its holdings, including Mitsubishi Corp (3.8%) and Mitsui & Co (3.3%). Stronger performances...