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...
Stocks in Europe started the week in positive territory, with the STOXX 50 up 0.6% and the STOXX 600 advancing 0.3%. Equities continued to benefit from expectations that the Fed will cut interest rates this month, while investors kept a close watch on political developments in France. Prime Minister François Bayrou is widely expected to lose a confidence vote today, a result that would deepen political uncertainty in the country. Meanwhile, the ECB meets this week to set monetary policy. While no change in interest rates is anticipated, traders will scrutinize the meeting for any guidance...
Japan stocks were higher after the close on Monday, as gains in the Real Estate, Banking and Textile sectors led shares higher. At the close in Tokyo, the Nikkei 225 added 1.62% to hit a new all time high. The best performers of the session on the Nikkei 225 were Mazda Motor Corp (TYO:7261), which rose 7.15% or 78.50 points to trade at 1,176.00 at the close. Meanwhile, Resonac Holdings Corp (TYO:4004) added 5.81% or 229.00 points to end at 4,173.00 and IHI Corp. (TYO:7013) was up 5.00% or 755.00 points to 15,855.00 in late trade. The worst performers of the session were Keyence...
Japanese stocks rose after Prime Minister Shigeru Ishiba announced his plans to step down, fueling hopes of new catalysts such as a government spending boost. The Topix index rose 1.1% to 3,138.20—a new record high—with 1,305 stocks advancing, 299 declining, and 72 unchanged. The Nikkei 225 added 1.5% to 43,643.81. Ishiba's resignation follows weeks of pressure following the poor results of the July election. According to TBS, the Liberal Democratic Party is considering a leadership election on October 4. "The market sees this as a sign of movement after post-election stagnation," said...
Hong Kong shares rose 52 points or 0.2% to 25,468 in Monday morning trade, gaining for the second session as U.S. futures inched up after weak U.S. labor data boosted expectations of rate cuts this month. Mainland markets advanced further after weekend data showed China's forex reserves in August hit their highest since December 2015, helped by a weaker dollar, while the central bank continued to build gold holdings. Gains were led by consumer and tech stocks as property and financials lagged. Sentiment was capped by caution ahead of China's August trade data due later today, with markets...
The Nikkei 225 Index climbed 1.1% to above 43,500 while the broader Topix Index gained 0.7% to 3,127 on Monday, with Japanese shares edging closer to record highs after Prime Minister Shigeru Ishiba announced over the weekend that he will step down. His resignation followed intensifying rifts within the ruling party and weeks of pressure stemming from his national election defeat late last year. The move also came as Japan faced setbacks in securing a trade deal with the US while trying to shield its key auto industry from steep tariffs. At the same time, Japan's second quarter GDP growth...