Stocks rose on Monday as Wall Street tried to regain its footing after a week in which the artificial intelligence trade lost some steam. The Dow Jones Industrial Average traded 70 points higher, or 0.2%. The S&P 500 climbed 0.4%, and the Nasdaq Composite advanced 0.6%. AI-related stock Nvidia rose after skepticism around the AI trade put pressure on the broader stock market last week. Some traders even questioned whether there was enough energy to power an infrastructure plan between Nvidia and OpenAI. Nvidia was last up more than 2%. Meanwhile, shares of Electronic Arts jumped more...
Stocks in Europe were little changed on Tuesday, with the STOXX 50 hovering around the flatline and the STOXX 600 slipping 0.2% after modest gains in the previous session. Investors are awaiting the release of Eurozone inflation data later today for fresh clues on how tariffs are influencing prices and what this could mean for the ECB's monetary policy outlook. Inflation is expected to hold steady at 2% in August. The central bank is widely anticipated to keep interest rates unchanged next week before resuming cuts in the autumn. On the corporate front, Nestlé shares dropped 2.7% following...
Japan stocks were higher after the close on Tuesday, as gains in the Real Estate, Banking and Textile sectors led shares higher. At the close in Tokyo, the Nikkei 225 rose 0.35%. The best performers of the session on the Nikkei 225 were Isetan Mitsukoshi Holdings Ltd. (TYO:3099), which rose 5.93% or 149.50 points to trade at 2,670.00 at the close. Meanwhile, Kirin Holdings Co., Ltd. (TYO:2503) added 5.38% or 116.50 points to end at 2,280.00 and Mitsui Mining and Smelting Co. (TYO:5706) was up 4.80% or 490.00 points to 10,705.00 in late trade. The worst performers of the session were...
The Hang Seng Index opened down by 29 points, or 0.11%, settling at 25,587 points. The Enterprise Index also declined, falling by 9 points or 0.11% to 9,111 points. Meanwhile, the Technology Index experienced a slight drop of 6 points, or 0.1%, bringing it to 5,792 points. In the technology sector, stock performances varied. Tencent saw a modest increase of 0.1%, while Alibaba gained 2%. Conversely, Meituan experienced a decline of 1.2%. Xiaomi Group rose by 0.1%, but JD.com and Kuaishou both dropped by 0.3%. In the financial sector, stocks exhibited mixed results. HSBC Holdings rose by...
The Nikkei 225 Index rose 0.4% to around 42,350, while the broader Topix Index added 0.3% to 3,072 on Tuesday, with Japanese shares snapping a two-day losing streak as risk sentiment improved. Investors weighed the global trade outlook after a US federal appeals court ruled that most of President Donald Trump's tariffs were unlawful, giving the administration until October 14 to appeal to the US Supreme Court. Domestically, attention turned to upcoming wage data that could shape monetary policy direction. Bank of Japan Governor Kazuo Ueda recently said wages are set to rise further amid a...
Asia-Pacific markets mostly rose investors assessed the Shanghai Cooperation Organization meeting of leaders in Tianjin, with tariff uncertainty weighing on sentiment. This comes after a U.S. federal appeals court on Friday ruled that most of President Donald Trump's global tariffs are illegal. Japan's Nikkei 225 rose 0.31%, while the broader Topix index added 0.28%. Over in South Korea, the Kospi index increased by 0.45%, while the small-cap Kosdaq moved up 0.14%. The country's consumer price index rose 1.7% in August from the year before, after increasing by 2.1% the month before. This...