The Hang Seng Index fell 1.1% at 25,388.35 in Hong Kong. The move was the biggest since falling 2% on June 19 and follows the previous session's increase of 0.5%. Alibaba Group Holding Ltd. contributed the most to the index decline, decreasing 1.9%. Kuaishou Technology had the largest drop, falling 4.9%. Today, 63 of 85 shares fell, while 20 rose; all sectors were lower, led by commerce and industry stocks. Source : Bloomberg
Asia-Pacific markets traded mixed Friday as investors assess a slew of economic data from the region. Japan's benchmark Nikkei 225 rose 0.47% to close at 37,160.47 and the Topix climbed 0.68% to close at 2,735.52. South Korea's Kospi traded flat to close at 2,592.09 while the small-cap Kosdaq was down 0.24% to end the trading day at 715.98. Australia's benchmark S&P/ASX 200 was up 0.15% to close at 8,360.9. Hong Kong's Hang Seng index and mainland China's CSI 300 traded flat. The U.S. and China agreed to maintain communication following a call between Chinese Vice Foreign Minister Ma...
The Nikkei 225 Index rose 0.5% to around 37,350 while the broader Topix Index added 0.3% to 2,744 on Monday, extending gains from the previous session as market sentiment was buoyed by US President Donald Trump's decision to delay the implementation of 50% tariffs on the EU. A retreat in the safe-haven yen also supported Japanese shares by easing currency-related pressure on exporters. Meanwhile, investors continued to monitor the Bank of Japan's policy outlook, with expectations growing that the central bank will raise interest rates further in response to persistent inflation. Industrial...
US stocks slumped on Friday after Donald Trump escalated trade tensions by threatening tariffs on Apple and the European Union. The S&P 500 fell 0.6%, the Nasdaq 100 dropped 0.9% and the Dow dropped 256 points. Apple shares plunged 3%, pushing its valuation below $3 trillion, after Trump demanded that iPhones sold in the US be made domestically or face 25% tariffs. He also proposed a 50% tariff on all EU imports starting June 1 as trade talks stalled, renewing concerns about protectionist policies. Technology stocks led the decline, with names such as Micron, Qualcomm and Nvidia...
European stocks closed sharply lower on Friday after US President Trump said he was recommending 50% tariffs on the European Union, potentially taking away demand from Europe's main export source. The eurozone STOXX 50 fell 1.9% to 5,322 and the pan-European STOXX 600 dropped to 545. Carmakers, luxury brands and textile producers led the losses due to their heavy reliance on US consumers, with Mercedes Benz, BMW, Stellantis, Hermes and Inditex down between 4.5% and 2%. Meanwhile, the possibility of retaliation by the European Commission weighed on banks, with Intesa Sanpaolo, UniCredit and...
Stocks declined Friday after President Donald Trump ramped up his trade fight again, slapping a tariff on Apple for foreign-made iPhones and recommending new stiffer duties on the European Union. The Dow Jones Industrial Average lost 284 points, or 0.7%. The S&P 500 shed 0.8%, and the Nasdaq Composite dropped 1%. Apple shares shed more than 2% after Trump posted on Truth Social that iPhones sold in the U.S. must be made in the U.S. and if they are not "a tariff of at least 25% must be paid by Apple." The move against Apple by Trump is the first against a specific company in his tariff...