European shares reversed their earlier declines to close slightly higher on Tuesday, with energy stocks limiting broader gains, while investors weighed the potential impact of a U.S. government shutdown on financial markets. The pan-European STOXX 600 closed 0.5% higher, in its third consecutive session of gains. The index logged a quarterly rise and a third month in positive territory, its best showing since May. London's FTSE 100 hit an intraday record high. Most sectors were on the rise, with media stocks gaining 1.2% and retail up 1.1%. Industrial and healthcare stocks provided the...
Hong Kong stocks edged lower on Thursday morning, holding at around 24,906 and ending a three-session winning streak, driven primarily by technology and consumer stocks. Sentiment weakened after US President Trump announced a 100% tariff on imported semiconductors, sparking concerns about a protracted trade war. Investors also grew cautious ahead of China's July trade data due later today, as Trump's unpredictable tariff policies have increased pressure on the Chinese economy. The losses were offset by a modest rise in US futures, amid reports that trading partners were rushing to finalize...
The Nikkei 225 rose 0.5% to 41,000 and the broader Topix gained 0.45% to 2,980 on Thursday, marking the third consecutive gain for Japanese stocks. The rally mirrored overnight gains on Wall Street, driven by upbeat corporate earnings reports, as investors largely shrugged off President Donald Trump's latest tariff moves. Trump announced a 100% tariff on imported semiconductors, excluding companies building in the US, and doubled tariffs on Indian goods to 50% on continued imports of Russian oil. Among the gainers were SoftBank Group (+2%), Mitsubishi UFJ (+1.5%), and Ryohin Keikaku...
Stock markets in the Asia-Pacific region opened with mixed movements on Thursday morning, after US President Donald Trump announced he would impose a 100% tariff on semiconductor imports. However, companies building production facilities in the United States will be exempt from the tariffs. However, there is still no clarity on how large a production commitment in the US will be required for a company to be exempt from the tariffs. This uncertainty has left investors in the region cautious about the potential impact on the technology sector. In Japan, the Nikkei 225 index was flat, while...
European shares closed flat on Wednesday, surrendering early session gains, as healthcare stocks felt the pinch from U.S. President Donald Trump's latest threat to impose higher tariffs on pharmaceutical imports. The pan-European STOXX 600 index closed 0.06% lower, breaking its two-day winning streak despite starting the session on a positive note. Healthcare stocks bore the brunt of the selling pressure. The sector index plunged 2.8% to its lowest level in more than three months after Trump unveiled a graduated tariff plan targeting pharmaceutical imports that could see levies on the...
Stocks in the US were mostly higher on Wednesday, with the S&P 500 up 0.1%, the Nasdaq adding 0.2% and the Dow Jones swinging around the flatline. Traders remain focused on corporate earnings and trade developments, particularly after President Trump announced increased tariffs targeting countries that purchase energy from Russia. He also signaled that new levies on semiconductor and pharmaceutical imports will be unveiled "within the next week or so". Apple was up 2.8% as President Donald Trump is set to announce the firm will commit to another $100 billion investment on domestic...