US stocks closed mixed on Tuesday (July 22nd), as the S&P 500 hit a new record, rising nearly 0.1%, the Dow Jones Industrial Average rose 170 points, and the Nasdaq 100 fell 0.5% ahead of key earnings reports from Alphabet and Tesla. Chip stocks weighed on the Nasdaq, with Nvidia down 2.4% and Broadcom down 3.3% following reports that SoftBank and OpenAI's massive AI project was stalled. Shares of Lockheed Martin (-10.8%) and Philip Morris (-8.2%) fell sharply after disappointing results. General Motors (-8%) also warned of a deeper impact on profits related to tariffs after a 32%...
Both the STOXX 50 and STOXX 600 hovered near the flatline on Wednesday, taking a breather after two consecutive sessions of gains. Investors remained cautious as they evaluated ongoing trade negotiations and the US fiscal outlook, while awaiting Nvidia's earnings report later today for potential catalysts and updated guidance. Reports suggest European leaders have asked major corporations and CEOs to outline their US investment plans in preparation for the talks with Washington. On the data front, GDP growth for France was confirmed at 0.1% in Q1. Among the sectors, oil & gas, autos,...
Japan stocks were higher after the close on Wednesday, as gains in the Real Estate, Banking and Textile sectors led shares higher. At the close in Tokyo, the Nikkei 225 added 0.03%. The best performers of the session on the Nikkei 225 were DIC Corp (TYO:4631), which rose 6.51% or 181.00 points to trade at 2,960.00 at the close. Meanwhile, Alps Electric Co., Ltd. (TYO:6770) added 4.37% or 58.50 points to end at 1,398.50 and Sumitomo Osaka Cement Co., Ltd. (TYO:5232) was up 3.74% or 141.00 points to 3,911.00 in late trade. The worst performers of the session were Mitsubishi Electric Corp...
(Hong Kong) In the latest trading session, the Hang Seng Index opened with a 3-point increase or 0.01%, reaching 23,385 points. The Hang Seng China Enterprises Index rose by 18 points or 0.21% to 8,488 points, while the Hang Seng TECH Index climbed by 26 points or 0.51%, hitting 5,209 points. Tech stocks displayed varied developments with Tencent up by 0.2%, Alibaba by 0.1%, Meituan down by 0.8%, Xiaomi Group post-earnings increase of 2.3%, JD.com down by 0.8%, and Kuaishou post-earnings surge of 6.4%. Across the financial sector, HSBC Holdings dropped by 0.3%, AIA Group fell by 0.4%,...
Asia-Pacific markets climbed Wednesday, tracking Wall Street gains on investor optimism after U.S. President Donald Trump extended the deadline for a 50% tariff on European Union imports until July 9. Japan's benchmark Nikkei 225 rose 1.06%, while the Topix added 0.88%. South Korea's Kospi rose 0.65% and the small-cap Kosdaq Index advanced 0.53%. Australia's S&P/ASX 200 rose 0.21%. Hong Kong's Hang Seng index rose 0.25% at the open, while mainland China's CSI 300 climbed 0.21%. Australia's inflation rate rose 2.4% in April, unchanged since February but higher than the median estimate...
The Nikkei 225 Index jumped 0.8% to above 38,000 while the broader Topix Index gained 0.6% to 2,786 on Wednesday, marking the fourth consecutive session of gains, supported by a decline in both Japanese government bond yields and the yen, which eased pressure on equities. The move followed reports that Japan's Ministry of Finance plans to scale back issuance of super-long-term bonds, aiming to contain rising yields. This comes after last week's lackluster 20-year bond auction, which drew the weakest demand in over a decade. Japanese markets also took cues from a strong overnight...