The S&P 500 rose 0.4% on Friday (July 25), notching its fifth consecutive record close—its longest streak in more than a year—while the Nasdaq 100 gained 0.2% after hitting an intraday high. The Dow Jones Industrial Average gained 208 points as investors digested a wave of trade developments and corporate earnings. Optimism surrounding trade talks contributed to the rally, with President Trump scheduled to meet with European Commission President Ursula von der Leyen on Sunday amid hopes of a US-EU deal. Deals were also reached with Japan, Indonesia, and the Philippines ahead of the...
The Hang Seng ended nearly flat at 20,217 on the first trading day of February, steadying after a sharp loss in morning deals as gains in the technology and consumer discretionary sectors nearly offset losses in the property and financial sectors. Traders digested a Wall Street Journal report that Beijing is seeking to avoid tariff hikes and technology restrictions from the Trump administration. Meanwhile, China's Commerce Ministry is preparing to file a complaint with the WTO. Although private survey data showed the weakest factory activity growth in four months for China through early...
Japanese stocks fell after the close on Monday (2/3), as losses in the Precision Instruments, Real Estate and Food sectors led shares lower. At the close in Tokyo, the Nikkei 225 was down 2.69%. The best performers on the Nikkei 225 were Sumitomo Dainippon Pharma Co Ltd (TYO:4506), which rose 16.39% or 100.00 points to trade at 710.00 at the close. Meanwhile, Konami Corp. (TYO:9766) gained 14.14% or 2,025.00 points to close at 16,345.00 and Alps Electric Co., Ltd. (TYO:6770) gained 5.04% or 78.50 points to 1,637.50 in late trade. The worst performers on the session were NH Foods Ltd...
Shares in Hong Kong plunged 266 points or 1.3% to 19,959 in early trading at the start of the new month, reversing gains from the prior three sessions as trading resumed after the Lunar New Year holidays amid widespread sector losses. Investors responded to Donald Trump's extensive tariffs on several nations over the weekend, including China. Meanwhile, Beijing announced plans to challenge Trump's move at the WTO and roll out other countermeasures, intensifying fears of a trade dispute between the two countries. Source: Trading Economics
China's manufacturing activity unexpectedly declined for a second straight month in January, underlining the need for Beijing to step up economic stimulus with Donald Trump slapping tariffs on the country's exports. The Caixin manufacturing purchasing managers index fell to 50.1 from 50.5 in December, according to a statement released by Caixin and S&P Global on Monday. While any reading above 50 indicates an expansion of activity, the figure was well below the median forecast of 50.6 by economists surveyed by Bloomberg. The results of the private survey compare with last month's sharp...
The Nikkei 225 Index dropped 2.2% to around 38,700, while the broader Topix Index fell 2% to 2,730 on Monday, reaching their lowest levels in about two weeks. This decline came after President Donald Trump imposed sweeping tariffs on key US trading partners over the weekend. The US introduced a 25% tariff on goods from Mexico and Canada and a 10% levy on imports from China, raising concerns about the potential disruption to global trade. Meanwhile, a summary of opinions from the Bank of Japan's January meeting revealed discussions about possible interest rate hikes due to ongoing...