Stocks in the US closed near the flatline on Friday as investors weighed President Trump's push for higher tariffs on the European Union against strong economic data and corporate earnings. The S&P 500 and Nasdaq 100 finished mostly muted near their records, while the Dow Jones dropped 142 points, pressured by a 2.2% decline in American Express shares. Trump reportedly demands a minimum 15-20% tariff in any deal with the EU, which is working to finalize an agreement before his August 1 deadline. On the corporate front, Netflix shares fell 5.1% despite beating revenue and earnings...
The Hang Seng Index opened 0.7% higher, climbing 135.21 to 19,711.82, as stocks gain for the second straight day in Hong Kong. HSBC Holdings Plc contributed the most to the index gain, increasing 1.4%. Trip.com Group Ltd. had the largest increase, rising 5.9%. In early trading, 67 of 82 shares rose, while 12 fell; all sectors were higher, led by commerce and industry stocks. Source: Bloomberg
The Nikkei 225 Index gained 0.2% to around 38,300, while the broader Topix Index advanced 0.3% to 2,700 on Tuesday, recovering some of the losses from the previous session, helped by gains in heavyweight bank stocks. Japanese shares also took cues from a positive lead on Wall Street, where both the S&P 500 and Nasdaq Composite halted their recent declines. In comments on Monday, Bank of Japan Governor Kazuo Ueda signaled that the central bank would raise interest rates gradually if the economy develops as expected, though he provided no specific timeline for future hikes. Investors are...
Asia-Pacific markets opened higher on Tuesday, tracking Wall Street gains buoyed by a Tesla rally, and as investors wait to watch key Chinese financial policymakers speak at an investment summit in Hong Kong. Australia's S&P/ASX 200 traded 0.53% higher in its first hour of trade. Japan's Nikkei 225 was up 0.68%, while the Topix rose 0.65%. South Korea's Kospi and Kosdaq traded around the flatline. Hong Kong's Hang Seng index futures were at 19,766, higher than the HSI's last close of 19,576.61. The Reserve Bank of Australia will publish the minutes from its monetary policy meeting...
European markets were lower on Monday, with investors turning their attention to regional inflation data and to Nvidia earnings due this week. The pan European Stoxx 600 was down 0.38% at 2:40 p.m. London time, with major regional bourses and sectors mostly pulling back. Retail stocks led losses, down 1.17%, while oil and gas stocks added 0.36%.Markets had closed lower on Friday, with the Stoxx 600 recording its fourth consecutive weekly decline. This week, investors will be looking to several key regional data points, including the latest inflation data out of the U.K. on Wednesday. The...
The Nasdaq Composite rallied Monday as Tesla shares surged and Wall Street braced for major market-moving earnings reports. The Nasdaq advanced 0.3%, while the Dow Jones Industrial Average fell 60 points, or 0.1%. The S&P 500 edged up 0.1%. Tesla spearheaded the tech-heavy index's rally, popping 8% amid a Bloomberg News report, citing sources, that President-elect Donald Trump's team is working on ways to ease regulation on self-driving vehicles. Elsewhere, Apple and Netflix rose about 2%, while Advanced Micro Devices surged nearly 4%. Wednesday's report from the AI chip darling...