US stocks closed higher on Monday as investors tried to stabilize the market following last week's losses driven by cracks in AI-related trading and concerns over new tariffs. The S&P 500 rose 0.2%, the Nasdaq 100 advanced 0.4%, and the Dow Jones added 69 points, supported by gains in tech and AI-focused companies such as Nvidia (+2.1%), AMD (+1.2%), and Micron Technology (+4.2%). Video game company Electronic Arts jumped 4.5% after announcing a $55 billion take-private deal, reflecting broader M&A momentum that has topped $1 trillion this year. Market participants are closely...
The Hang Seng Index started the day with a 38-point rise to 26,583 points but later retreated, currently down by 88 points or 0.33%, standing at 26,456 points. The H-share index dropped by 21 points or 0.22% to 9,435 points, while the technology index fell by 19 points or 0.3% to 6,251 points. The main board saw a turnover of 500 billion yuan. In the tech sector, there is a general softness observed as Tencent dropped by 0.3%, Alibaba by 0.8%, Meituan by 0.4%, Xiaomi Group by 1.9%, JD.com rose by 1.7%, and Kuaishou declined by 2.9%. Financial stocks are trending downwards with HSBC...
The Nikkei 225 Index climbed 0.9% to around 46,570 while the broader Topix Index advanced 0.8% to 3,185 on Friday, with Japanese equities hitting fresh all-time highs as investors awaited the Bank of Japan's policy decision, where rates are expected to remain unchanged. Still, markets are pricing in a possible 25 basis point hike in October amid signs of resilience in the economy. Investors also assessed data showing Japan's core inflation rose 2.7% in August, easing for the third straight month to the lowest since November 2024. Japanese stocks also mirrored Wall Street's rally, with the...
Asian stocks were on the cusp of an intraday record high after US and global equity benchmarks hit fresh peaks, as the Federal Reserve's interest-rate cut bolstered sentiment. Stocks in Japan and Australia opened higher while South Korea was flat. The S&P 500, Nasdaq 100, Dow Jones Industrial Average and Russell 2000 small-cap index all closed together at fresh highs for the first time since November 2021. An MSCI index of global stocks also closed at a record in a sign of robust risk appetite. The yen was steady after Japan's...
All three major Wall Street indexes closed at record highs on Thursday (September 19) after the Federal Reserve continued easing interest rates and indicated the possibility of further rate cuts this year. The S&P 500 rose 0.5% and the Nasdaq 100 jumped 0.9%, both extending their record highs from the previous session, while the Dow Jones Industrial Average rose 123 points. Investors welcomed the Fed's quarter-point rate cut and the prospect of two additional cuts, interpreting the move as a shift toward supporting growth rather than strictly controlling inflation. Technology stocks...
European stocks closed sharply higher on Thursday (September 18th) thanks to strong support from major technology companies, as investors assessed policy decisions from major central banks and their impact on global interest rates. The Federal Reserve cut interest rates by 25 basis points, as expected, and issued a median projection of two more rate cuts this year, although upward revisions to core inflation expectations and higher growth dampened speculation of further cuts next year. Meanwhile, the Bank of England kept interest rates unchanged, as expected, but slowed the pace of its...