The Hang Seng closed almost flat at 24,911 on Wednesday after dipping slightly in morning deals. Traders digested comments from President Trump, who said the U.S. was close to a trade deal with China and that he would meet President Xi before year-end if an agreement is reached. Investors also looked ahead to key Chinese economic data, including trade figures on Thursday and inflation on Saturday, amid concerns over rising trade barriers and persistent deflation risks. At the same time, markets braced for a possible new U.S. tariff announcement targeting semiconductors and chips, expected...
Asia-Pacific markets are slated to open mixed on Friday after all three benchmarks in the U.S. tumbled over U.S. President Donald Trump's tariff plans. In another sign of a trade war escalation, Trump threatened to enact 200% tariffs on all alcoholic products coming from the European Union in retaliation for the bloc's 50% tariff on whisky. Trump said he would not be changing his mind on a broader group of tariffs set to be implemented on April 2. Australia's S&P/ASX 200started the day 0.4% higher, following losses in the previous session. Japan's benchmark Nikkei 225was set to open...
Stocks fell on Thursday, with equities unable to shake a three-week market rout under the weight of new tariff threats from President Donald Trump. The S&P 500 dropped about 1.39% to settle at 5,521.52, ending the day in correction and 10.1% off its record close. The Dow Jones Industrial Average fell 537.36 points, or 1.3%, marking its fourth day of declines and closing at 40,813.57. The Nasdaq Composite shed 1.96% with shares like Tesla and Apple lower.Trump took to his Truth Social platform Thursday morning to threaten 200% tariffs on all alcoholic products coming from countries in...
Stocks fell on Thursday, with equities unable to shake a three-week market rout under the weight of new tariff threats from President Donald Trump. The S&P 500 dropped about 1.3%, bringing its losses from its record close in February to 10%. If the benchmark closes at these levels, it will be an official market correction, according to Wall Street. The Dow Jones Industrial Average fell 481 points, or 1.2%, its fourth day of declines putting it below the 41,000 level. The Nasdaq Composite shed 1.8% with shares like Tesla and Apple lower.Trump took to his Truth Social platform Thursday...
Stocks fell on Thursday as investors digested President Donald Trump's latest tariff threats while they pored over new U.S. inflation figures. The Dow Jones Industrial Average fell 254 points, or 0.6%. The S&P 500 fell 0.7%, and the Nasdaq Composite dropped 1.2%. Trump used his Truth Social platform to threaten a 200% tariff on all alcohol products coming from countries in the European Union in retaliation for the bloc's 50% tariff on whiskey. "This would be great for the Wine and Champagne business in the U.S.," he wrote. Concerns over U.S. trade policy have hurt stocks this...
Hong Kong stocks plunged for a fifth straight day on Thursday (March 13), as investor sentiment remained gloomy amid fears of a looming global trade war. The Hang Seng Index fell 0.58%, or 137.66 points, to 23,462.65. The Hang Seng China Enterprises Index also fell 0.48%, or 41.52 points, to 8,640.61. Trade tensions remained high after the Trump-led US administration said it would respond to the EU's retaliatory measures against the US's 25% steel and aluminium tariffs, SCMP reported on Thursday. The US economic policy, which has introduced a number of new tariffs since Donald Trump took...