Stocks in the US closed near the flatline on Friday as investors weighed President Trump's push for higher tariffs on the European Union against strong economic data and corporate earnings. The S&P 500 and Nasdaq 100 finished mostly muted near their records, while the Dow Jones dropped 142 points, pressured by a 2.2% decline in American Express shares. Trump reportedly demands a minimum 15-20% tariff in any deal with the EU, which is working to finalize an agreement before his August 1 deadline. On the corporate front, Netflix shares fell 5.1% despite beating revenue and earnings...
Japanese shares closed higher on Tuesday as Prime Minister Shigeru Ishiba prepared to meet US Treasury Secretary Scott Bessent in Tokyo on Friday ahead of the Aug. 1 trade deal deadline. The Nikkei 225 rose 0.55%, or 218.4 points, to end at 39,678.02. Bessent will travel to Japan for the US national day at the World Expo in Osaka on July 19, skipping the G20 finance meeting in South Africa. He will lead a delegation that includes Labor Secretary Lori Chavez-DeRemer and Deputy Secretary of State Christopher Landau. Japan's top negotiator Ryosei Akazawa is also expected to meet Bessent,...
The Hang Seng Index opened 78 points higher, rising 0.32% to 24,281. The China Enterprises Index gained 30 points, or 0.34%, to close at 8,763, while the Tech Index increased by 14 points, or 0.27%, to 5,297. Technology stocks showed overall stability, with Tencent up 0.5%, Alibaba gaining 0.3%, and Meituan edging up 0.1%. Both Xiaomi Group and Kuaishou remained unchanged. Financial stocks displayed mixed performance. HSBC Holdings rose 0.7%, while AIA Group declined by 0.3%. Ping An Insurance saw a slight increase of 0.2%, and the Hong Kong Exchanges and Clearing also climbed...
The Nikkei 225 Index fell 0.1% to below 39,430 while the broader Topix Index rose 0.5% to 2,837 on Tuesday, with Japanese shares showing mixed performances as caution dominated sentiment amid ongoing global trade uncertainty and geopolitical risks. US President Donald Trump signaled openness to renewed trade talks with the European Union and other key partners, but also threatened to impose secondary tariffs of 100% on Russia if a peace deal with Ukraine is not reached within 50 days—adding to market volatility. On the domestic front, market participants awaited upcoming trade and...
Asia-Pacific markets are set to open higher on Tuesday as investors appear to look past U.S. President Donald Trump's on-again-off-again tariffs and await a slew of economic data releases out of China. Investors are also awaiting a busy week for second-quarter earnings season from Wall Street, and a key inflation reading, after all three key benchmarks in the U.S. ended Monday's session higher. Asia-Pacific markets open mixed Asia-Pacific markets started the day mixed Tuesday. As of 8.10 a.m. Singapore time (8.10 p.m. Monday ET), Japan's Nikkei 225 benchmark was flat while the broader...
United States Stock Market The three major US indexes traded flat on Monday, as trade tensions escalated following President Trump's weekend announcement of 30% tariffs on imports from the EU and Mexico, which will take effect on August 1. Leaders from both trading partners have pledged to continue negotiations with the US in hopes of reaching a deal that could reduce the tariff hikes. Meanwhile, investors are gearing up for tomorrow's key CPI report, which is expected to show rising inflation as companies begin to pass on higher import costs. Healthcare and energy were the...