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 Nikkei 225 rose 0.3% to close at 44,902 while the Topix gained 0.25% to 3,168 on Tuesday, with Japanese stocks hitting fresh record highs as they tracked Wall Street's advance ahead of an expected US Federal Reserve rate cut. Sentiment was also lifted after President Donald Trump said US-China trade talks in Spain were progressing, with a call between Trump and Chinese President Xi Jinping scheduled for Friday to finalize terms. Domestically, the Bank of Japan is expected to keep its policy rate at 0.5% this week as officials weigh the impact of US tariffs on Japan's export-driven...
The Hang Seng Index started the day with a rise of 90 points, or 0.34%, to 26,536. The China Enterprises Index gained 23 points, or 0.24%, to close at 9,407, while the Tech Index climbed 27 points, or 0.44%, to 6,070. Technology stocks displayed mixed results. Tencent rose by 0.5%, Meituan gained 0.6%, Xiaomi Group increased 0.5%, and Kuaishou advanced 0.6%. Meanwhile, Alibaba dropped 0.3% and JD.com fell by 0.6%. Financial stocks performed strongly, with HSBC Holdings up 0.2%, AIA Group gaining 2%, Ping An Insurance rising 0.1%, and Hong Kong Exchanges and Clearing climbing 0.3%. Source...
Japan's benchmark Nikkei 225 surpassed the 45,000 mark for the first time, leading gains in Asia-Pacific markets Monday, after President Donald Trump said that the U.S.-China trade negotiations in Spain were progressing well. The trade talks were overshadowed by a "framework" deal regarding the divestment of Chinese-owned TikTok, announced by Treasury Secretary Scott Bessent Monday. Speaking from Madrid, Bessent noted that the commercial terms have already been settled. Both U.S. President Donald Trump and Chinese President Xi Jinping will speak on Friday to discuss the terms. Japan's...
US stocks closed higher on Monday (September 15), driven by gains in technology stocks after President Donald Trump indicated that U.S.-China trade talks were progressing well, and investors awaited the Federal Reserve's decision on Wednesday. The S&P 500 rose 0.4% to close above 6,600 for the first time, the Nasdaq 100 gained 0.8%, also extending its record high, and the Dow Jones Industrial Average rose about 50 points. Tesla jumped 3.6% after CEO Elon Musk announced a nearly $1 billion stock purchase, his largest-ever public stock purchase, while Alphabet rose 4.3% to reach a $3...
Stocks in the US were higher on Monday, with the S&P 500 rising 0.4%, the Nasdaq adding 0.5% and the Dow Jones gaining about 50 points, as traders await the Fed's policy decision. Markets have fully priced in a 25 bps cut to the fed funds rate, while leaving a small chance for a larger 50 bps move. Investors largely expect rate cuts to persist through year-end. On the corporate front, Tesla shares surged nearly 7% after reports that Elon Musk purchased about $1 billion worth of the EV maker's stock last week. In contrast, Nvidia slipped about 1.5% after Chinese regulators said the...