Asia-Pacific markets traded mixed Monday, as investors keep a close watch on the People's Bank of China's decision on its 1-year and 5-year loan prime rates for July, as well as the latest developments on the trade front. Trade came into focus once again over the weekend as the White House reiterated its position on tariffs. On Sunday, U.S. Commerce Secretary Howard Lutnick called Aug. 1 the "hard deadline" for countries to start paying tariffs, though he also added that "nothing stops countries from talking to us after August 1." South Korean markets started the day higher Monday. As of...
Stocks rallied sharply on Wednesday, with major benchmarks hitting record highs, as Donald Trump won the 2024 presidential election. The Dow Jones Industrial Average surged 1,508 points to a record high, or around 3.6%. The last time the blue-chip Dow jumped more than 1,000 points in a single day was in November 2022. The S&P 500 also hit an all-time high, popping 2.5%. The Nasdaq Composite climbed nearly 3% to a record of its own. NBC News projects that Trump will defeat his Democratic rival, Kamala Harris, after winning at least 291 Electoral College votes, including key swing states...
The Hang Seng Index fell 2.2% at 20,538.38 in Hong Kong. The move was the biggest since falling 3.7% on Oct. 15 and follows the previous session's increase of 2.1%. Alibaba Group Holding Ltd. contributed the most to the index decline, decreasing 4.1%. Shenzhou International Group Holdings Ltd. had the largest drop, falling 5.6%. Today, 76 of 82 shares fell, while 6 rose; all sectors were lower, led by commerce and industry stocks. Source : Bloomberg
European stocks fell on Wednesday as global markets focused on the vote count after the US presidential election. The UK's FTSE 100 Index is expected to open 8 points lower at 8,167, Germany's DAX is down 65 points at 19,189, France's CAC is down 22 points at 7,383 and Italy's FTSE MIB is down 134 points at 34,098, according to data from IG. Global markets are focused on results emerging from key battleground states that are expected to determine the winner of the presidential election between former President Donald Trump and Vice President Kamala Harris. NBC News has projected winners...
The Nikkei 225 rose 1.3% to 39,000, while the broader Topix Index gained 0.9% to 2,690 on Wednesday, extending gains from the previous session and mirroring a rally on Wall Street. Investors are closely watching the US presidential election, with early results showing Donald Trump holding a strong lead with 95 electoral votes, while Kamala Harris has secured 35 so far. On the domestic front, a private survey revealed that sentiment among Japanese manufacturers weakened in November, driven by concerns over weak Chinese demand and ongoing inflationary pressures. Investors now await the Bank...
Hong Kong stocks fell, halting a three-day advance, as traders shunned riskier assets before a tight US presidential election race. Investors are concerned about the possible implications on global trade and financial markets. The Hang Seng Index dropped 1.4 per cent to 20,722.71 at 9.45am local time, after rallying 3.4 per cent since Friday. The Tech Index slipped 1.3 per cent. The CSI 300 Index of onshore stocks climbed 0.1 per cent to approach a three-week high, while the Shanghai Composite Index added 0.1 per cent. E-commerce platform operator Alibaba Group retreated 2.4 per cent to...