Equities in Hong Kong rose 96 points or 0.4% to 24,9 on Monday morning deals, extending gains from the previous session as traders reacted to the PBoC's decision to keep its one-year and five-year loan prime rates at record lows, in line with expectations. The Hang Seng index reached its highest level since early 2022, lifted by broad-based sector gains and a modest uptick in U.S. futures amid optimism over global trade. U.S. Commerce Secretary Howard Lutnick expressed confidence on Sunday that a deal with the EU could be reached before the August 1 deadline, though talks may continue...
Hong Kong stocks plunged 267 points, or 1.1%, to 23,713 in early trading on Wednesday (6/18), extending losses for a second day amid a broad-based sector decline. Escalating tensions between Israel and Iran continued to weigh on sentiment, with US President Trump reportedly considering a military strike on Tehran. Market caution also persists ahead of the Fed's interest rate decision later in the day. The central bank is widely expected to keep interest rates unchanged for a fourth straight meeting, although geopolitical tensions and rising oil prices could dampen hopes for near-term policy...
Asia-Pacific markets traded mixed on Wednesday, as rising tensions between Israel and Iran weighed on investor sentiment. U.S. President Donald Trump is considering a military strike on Iran, while demanding that the country's leader Ayatollah Ali Khamenei "surrender," current and former U.S. officials told NBC News. Trump, in a post on Truth Social, demanded "UNCONDITIONAL SURRENDER!" by Iran. "President Trump's comments have fueled speculation that the U.S. will become more involved in the conflict between Iran and Israel that escalated significantly five days ago," ANZ analysts wrote...
The Nikkei 225 edged up 0.2% to above 38,600, while the broader Topix index also rose 0.2% to 2,792 on Wednesday, marking its third straight session of gains as investors digested a slew of economic data. Exports fell in May for the first time in eight months amid U.S. tariff pressures, while imports fell more than expected. Core machine orders slumped in April, and manufacturing sentiment weakened in June, reflecting growing concerns about domestic demand. Meanwhile, the Bank of Japan kept interest rates steady on Tuesday and signaled a cautious approach to balance sheet reduction,...
US equities fell on Tuesday as investors closely monitored escalating tensions in the Middle East, with the Israel-Iran conflict entering its fifth day. The S&P 500 lost 0.8%, the Dow dropped 299 points and the Nasdaq fell 0.9%, amid growing fears that the US could become directly involved in the Israel-Iran conflict. President Trump intensified his rhetoric, demanding Iran's "unconditional surrender" and warning of a potential strike against Supreme Leader Khamenei in a series of Truth Social posts. At the same time, disappointing US retail sales, which dropped 0.9% in May, signaled a...
The Dow Jones Industrial Average (DJIA) lost some ground on Tuesday, declining below 42,500 as equity markets roil beneath the weight of the burgeoning Israel-Iran conflict. President Donald Trump is racing toward direct involvement in the altercation, a move that could further destabilize the region. Retail Sales data also contracted sharply in May, with Tuesday's data release showing nearly a full percentage decline in American retail shopping volumes. Donald Trump, posting on social media Tuesday, declared that he wants an "UNCONDITIONAL SURRENDER" from Iranian supreme leader Ali...