The Hang Seng rose 174 points or 0.7% to close at 25,562 on Monday, rebounding from losses in the prior session amid broad-based gains, led by financials and property stocks. Sentiment improved as the U.S. and China were set to resume trade talks in Stockholm, with reports suggesting a likely three-month extension of their tariff truce. Markets were near their highest in four years, lifted by news about the U.S.–EU trade deal, which set a 15% tariff on most EU goods, half the previously threatened rate. However, gains were capped by caution ahead of Hong Kong's June trade data due later...
Japan stocks were higher after the close on Monday, as gains in the Power, Rubber and Chemical, Petroleum & Plastic sectors led shares higher. At the close in Tokyo, the Nikkei 225 rose 0.95%. The best performers of the session on the Nikkei 225 were Mitsubishi Heavy Industries, Ltd. (TYO:7011), which rose 12.17% or 311.00 points to trade at 2,867.00 at the close. Meanwhile, IHI Corp. (TYO:7013) added 9.70% or 1,045.00 points to end at 11,820.00 and Hitachi Construction Machinery Co (TYO:6305) was up 6.33% or 253.00 points to 4,250.00 in late trade. The worst performers of the...
Hong Kong equities jumped 375 points or 1.6% to 24,338 in Monday morning trading, extending gains for the second session. Optimism over China's newly announced "Special Action Plan to Boost Consumption," aimed at stimulating domestic demand, supported the rally. In addition, state media Xinhua said that Beijing also plans to stabilize the stock and real estate markets, boost the birth rate, and support inbound and domestic tourism. These comprehensive measures were unveiled on Sunday. On the economic data front, China's industrial output rose 5.9% yoy in the first two months of 2025,...
The Nikkei 225 Index surged 1.2% to above 37,400, while the broader Topix Index also gained 1.2% to 2,748 on Monday, with both benchmarks reaching their highest levels in over a week amid a broad market advance. Japanese shares mirrored a relief rally on Wall Street from Friday, as investors continued to assess evolving trade policies and broader economic uncertainties in the US. Market sentiment also received a boost after China unveiled a special action plan over the weekend, introducing measures to increase wages and stabilize stock and real estate markets. Leading the gains were index...
tocks rallied Friday, clawing back some of the steep losses seen over the week, as investors got a reprieve from tariff-related headlines. The Dow Jones Industrial Average rose 674.62 points, or 1.65%, to close at 41,488.19. The S&P 500 climbed 2.13% to end at 5,638.94, and the Nasdaq Composite advanced 2.61% to settle at 17,754.09. It was the best day in 2025 for both the S&P 500 and the Nasdaq. Big tech shares that were rattled earlier this week saw a sharp recovery on Friday. Nvidia shares popped more than 5%. Tesla jumped nearly 4%, and Meta Platforms gained close to 3%. Amazon...
Stocks rallied Friday but remained on track for a sharp weekly decline as volatility continued to spread through Wall Street. The Dow Jones Industrial Average was trading 501 points higher, or 1.2%. The S&P 500 was up 1.6%, and the Nasdaq Composite was up 2.1%. Nvidia shares jumped more than 4%. Tesla and Meta Platforms rose more than 1% along with Netflix, Amazon and Apple. Sentiment on Wall Street got a boost Friday as it appeared a government shutdown was averted. Senate Minority Leader Chuck Schumer, D-N.Y., said he would not block a Republican government funding bill. However,...