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...
Asia-Pacific markets rose Thursday following a tech rally overnight on Wall Street that lifted the S&P 500 and Nasdaq Composite, even as growing fears around the economy weighed on equities. Japan's benchmark Nikkei 225 rose 0.57% in early trading, while the Topix index increased 0.41%. Over in Australia, the S&P/ASX 200 benchmark climbed 0.67%. Meanwhile, South Korea's Kospi index traded 0.45% higher and the small-cap Kosdaq added 0.84%. Futures for Hong Kong's Hang Seng index stood at 25,332, slightly lower than its last close of 25,343.43. Australia is set to release its...
Japanese stocks are trading higher, supported by positive overnight cues from the U.S. and a decline in Treasury yields. The Nikkei Stock Average is up 0.9% at 42308.62, helped by technology and financial stocks. Mitsubishi UFJ Financial is 1.1% higher, while Sumitomo Mitsui Financial and Mizuho Financial are trading up 0.7% each. Semiconductor Equipment & Materials Makers are higher with Advantest adding 2.2% and Tokyo Electron 0.4%. USD/JPY is down 0.5% at 148.06. Source: Bloomberg
Wall Street ended mixed on Wednesday as tech strength offset broader market weakness, with investors weighing a favorable antitrust ruling for Google against signs of labor market softening. The S&P 500 gained 0.5% and the Nasdaq rose 1%, supported by a 9.1% surge in Alphabet shares after a judge allowed the company to keep Chrome and maintain its lucrative search deal with Apple, easing fears of a forced breakup. Apple stock rose 3.8%, helping boost confidence in Big Tech's resilience despite regulatory pressures. Conversely, the Dow fell 24 points as weakness in financials and energy...
U.S. President Donald Trump said on Wednesday he plans to hold talks about the war in Ukraine in coming days after his Alaska summit with Russian President Vladimir Putin in August failed to achieve a breakthrough. Trump has been frustrated at his inability to get a halt to the fighting, which began with Russia's invasion of Ukraine in February 2022, after he initially predicted he would be able to end the war swiftly when he took office last January. Trump said he would be holding talks in the next few days. A White House official said Trump is expected to speak on the phone on Thursday...
European shares ended higher on Wednesday, stabilising as investors assessed fiscal challenges after a selloff in longer-dated bonds had sparked risk-off sentiment in the previous session. The continent-wide STOXX 600 index closed 0.65% higher at 546.72 points, boosted by healthcare stocks such as Roche Holdings and AstraZeneca. Basic resources also extended support by rising 1.5%, influenced by a jump in copper prices on growing expectations of a U.S. interest rate cut later in the month. The day's moves follow the STOXX 600's biggest one-day loss in a month on Tuesday, driven by a...