The Nikkei 225 fell 0.9% to below 40,700, while the broader Topix Index declined 0.8% to 2,908 on Tuesday, marking a third straight session of losses for Japanese equities. The initial optimism from recent trade agreements began to wane, and investors turned their focus to the ongoing US-China trade talks in Stockholm. Attention also shifted to a busy week of domestic corporate earnings, with major firms such as Advantest, Keyence, Tokyo Electron, Nintendo, ANA Holdings, and Japan Airlines scheduled to report. Technology stocks led the retreat, with notable losses from Disco (-1.4%),...
European stocks trimmed early losses but still lower on Wednesday, pressured by pessimistic corporate earnings and persistent concerns that tariffs by the US government will erode growth for major economies. The Eurozone's STOXX 50 closed marginally below the flatline at 4,967 and the pan-European STOXX 600 dropped 0.2% to close at 507. ASML posted a decline in its revenues and noted that concerns surrounding the unpredictable economic policy in the US is likely to hit orders from its main clients, driving its share price to plunge by 5.2%. In the meantime, LVMH lost 1% to extend its...
Stocks fell on Wednesday as investors assessed a stark warning from Nvidia that pressured global tech. The Dow Jones Industrial Average shed 180 points, or 0.4%. The S&P 500 dropped 0.9%, and the Nasdaq Composite pulled back 1.8%. Shares of Nvidia lost 6% after the chip giant said it will post a $5.5 billion quarterly charge related to exporting its H20 graphics processing units to China and other nations. The company said in a filing that the U.S. government required a license to send chips from the U.S. to China. Other chipmakers followed Nvidia lower. AMD slid more than 6%, while...
The Hang Seng tumbled 409 points or 1.9% to close at 21,057 on Wednesday, snapping six-session of gains as U.S. futures plunged amid mounting uncertainty over U.S. trade tariffs. Markets fell from a two-month high after some major banks, including Morgan Stanley and UBS, cut China's 2024 growth outlook due to tariff pressure. Goldman Sachs also warned that previous export frontloading may weigh on Q2 growth. China's economy expanded 5.4% yoy in Q1, holding steady for the second quarter and beating consensus of 5.1%. Losses were almost broad-based, led by tech stocks, with the sector...
European markets opened lower on Wednesday as uncertainty over the direction of U.S. trade tariffs continues to dent sentiment. The pan-European Stoxx 600 index was 0.93% lower at 8:45 a.m. U.K. time following two strong sessions of gains. Critical chip firm ASML dropped 5.5% after it missed expectations on net bookings and flagged uncertainty around U.S. trade. Industry peer ASM International was pulled 3.85% lower. U.K. inflation data for March came in at 2.6% in March, according to figures published by the Office for National Statistics on Wednesday, below the 2.7% forecast in a Reuters...
Japanese stocks fell after the close on Wednesday (4/16), as losses in the Paper & Pulp, Transportation and Communications sectors led shares lower. At the close in Tokyo, the Nikkei 225 was down 1.03%. The best performers on the Nikkei 225 were Toho Co., Ltd. (TYO:9602), which rose 6.04% or 461.00 points to trade at 8,097.00 at the close. Meanwhile, Eisai Co., Ltd. (TYO:4523) gained 3.70% or 138.00 points to close at 3,865.00 and Shimizu Corp. (TYO:1803) gained 2.93% or 39.00 points to 1,372.00 in late trade. The worst performers on the session were Advantest Corp. (TYO:6857), which...