The Nikkei 225 fell 0.9% to below 40,700, while the broader Topix Index declined 0.8% to 2,908 on Tuesday, marking a third straight session of losses for Japanese equities. The initial optimism from recent trade agreements began to wane, and investors turned their focus to the ongoing US-China trade talks in Stockholm. Attention also shifted to a busy week of domestic corporate earnings, with major firms such as Advantest, Keyence, Tokyo Electron, Nintendo, ANA Holdings, and Japan Airlines scheduled to report. Technology stocks led the retreat, with notable losses from Disco (-1.4%),...
Asia-Pacific markets traded mixed on Wednesday after Wall Street's main benchmarks rose on easing US-China trade tensions. Japan's benchmark Nikkei 225 index slipped 0.68%, giving up gains after four straight positive sessions. South Korea's Kospi rose 0.53%. Australia's benchmark S&P/ASX 200 index was flat. Hong Kong's Hang Seng Index rose 0.96% while mainland China's CSI 300 traded flat. Wall Street bounced back after the US and China reached a temporary truce on tariffs earlier this week. The development sent stocks soaring with the Dow up more than 1,000 points on Monday. At...
The S&P 500 rose Tuesday, clawing back into positive territory for the year, as investors extended the sharp gains seen in the previous session due to easing U.S.-China trade tensions. The broad market index gained 0.72% to close at 5,886.55, while the Nasdaq Composite climbed 1.61% to end at 19,010.08. The Dow Jones Industrial Average lagged, losing 269.67 points, or 0.64%, as a nearly 18% drop in shares of UnitedHealth pressured the benchmark. Shares of Nvidia advanced 5.6% on news that the company would send 18,000 of its top artificial intelligence chips to Saudi Arabia. Peer chip...
European stocks closed higher on Tuesday, marginally extending the rally from the previous session on further support from the seemingly restored trade relationship between the United States and China. The Eurozone's STOXX 50 closed 0.4% higher at 5,411 and the pan-European STOXX 600 closed marginally above the flatline at 545. European equities had rallied the previous session after the US and China de-escalated their trade war for the next 90 days to renegotiate trade terms, supporting the macroeconomic backdrop for all industries. The auto sector led the gains with Volkswagen, BMW, and...
The S&P 500 hovered near the flatline on Tuesday, while the Nasdaq rose 0.2% and the Dow Jones Industrial Average fell about 150 points, as enthusiasm for a 90-day U.S.-China tariff truce faded and investors digested the latest CPI report. April inflation was lower than expected, suggesting the impact of tariffs has not yet fully materialized.In response, traders increased bets on about a 55 basis point Fed rate cut this year. Consumer discretionary and technology stocks led gains, while health care underperformed. UnitedHealth shares plunged nearly 13% to a four-year low around $330...
The Hang Seng tumbled 441 points or 1.9% to close at 23,108 on Tuesday, ending an eight-sessions of gains as all sectors fell. Despite a Sino-U.S. trade truce that exceeded market expectations, traders grew uneasy about what may follow once temporary pause ends. Profit-taking also weighed on the market after the index hit a 1-1/2-month high in the prior session. A drop in U.S. futures further dented sentiment, ahead of key inflation data later today. Meanwhile, concerns over deflation risks in China mounted, as consumer prices fell for the third month in April and producer prices saw a...