The Hang Seng Index opened higher today, gaining 70 points or 0.27%, to reach 25,458. Meanwhile, the China Enterprises Index rose by 22 points or 0.24%, closing at 9,173, and the Hang Seng Tech Index increased by 21 points or 0.37%, settling at 5,699. Technology stocks displayed mixed movements. Tencent remained unchanged, Alibaba rose by 1.2%, Meituan edged up 0.4%, Xiaomi Group dipped slightly by 0.1%, and Kuaishou gained 0.6%. Financial stocks showed general stability. HSBC Holdings recorded no change, AIA Group rose by 0.5%, Ping An Insurance increased by 0.4%, and the Hong Kong...
Europe's major bourses fell on Thursday, with the STOXX 50 and STOXX 600 down more than 2%, amid a global selloff in stocks following President Trump's latest tariff announcement. The move sparked a broad flight to safety and deepened concerns about its impact on the global economy. The European Union faces tariffs of up to 20%, prompting European Commission President Ursula von der Leyen to warn that the move would deal a "huge blow" to the global economy. She also confirmed that the EU was preparing retaliatory measures. Losses were broad-based, with basic resources and banks among the...
Japanese stocks ended in the red on Thursday after U.S. President Donald Trump announced larger-than-expected tariffs, disrupting trade and supply chains. The Nikkei 225 fell 2.78%, or 992.53 points, to close at 34,733.34. The U.S. imposed 24% tariffs on Japanese imports as President Donald Trump unveiled a sweeping trade policy, setting a base rate of 10% and hitting key Asian partners with higher tariffs. China faces 34%, Vietnam 46% and South Korea 25%, while the EU gets 20% duties. Trump also closed a loophole that allowed low-value Chinese goods to pass through without being taxed,...
Japan's stocks plunged after President Donald Trump slapped the nation with a 24% levy as part of tariffs on trading partners worldwide. A stronger yen also dragged exporter shares lower. The Topix Index fell 4% to 2,544.41 as of 9:12 a.m. Tokyo time, while the blue-chip Nikkei declined 4.1% to 34,281.76. Contracts traded in Singapore initially spiked, then fell as details of the tariffs rolled out, suggesting the market will face volatility Thursday as investors digest the news. "Overall I think this was on the harder side of expectations," said Nick Twidale, chief analyst...
US equities advanced on Wednesday as investors awaited President Donald Trump's tariff announcement. The S&P 500 rose 0.7%, the Nasdaq 100 gained 0.8%, and the Dow Jones climbed 235 points. Tesla shares surged 5.3%, reversing earlier losses tied to weak quarterly deliveries, following reports that Elon Musk might step down from his advisory role in the administration. Uncertainty over the tariffs kept investors on edge, with speculation that Trump was considering broad 20% levies on imports, raising fears of a potential trade war. The White House confirmed the tariffs would take effect...
European markets closed lower Wednesday as investors braced for new U.S. trade tariffs. The Stoxx 50 fell 0.4%, and the Stoxx 600 lost 0.6%, reversing Tuesday's rebound. Most sectors declined, with healthcare stocks hit hardest—down nearly 2%—amid fading hopes for tariff exemptions. Bayer dropped almost 4%, leading losses. Concerns grew after Trump reiterated that his "reciprocal tariffs" would apply to "all countries." Reports suggest a 20% tariff on most imports, but final details remain uncertain. The White House confirmed the measures would take effect immediately after their...