Both the STOXX 50 and the STOXX 600 traded around the flatline on Monday, as investors adopted a cautious stance amid a lack of fresh catalysts. The only notable data release was the UK's final GDP growth figures, which confirmed the preliminary estimate. Trading conditions are expected to remain subdued this week, as the schedule is shortened by the Christmas holiday, with most major European stock exchanges closed on Thursday and Friday. Meanwhile, investors continue to monitor developments in the war in Ukraine, after a Kremlin aide said that European and Ukrainian revisions to US peace...
The Hang Seng Index has opened positively, gaining 164 points or 0.64%, reaching 25,660 points. The National Enterprises Index rose by 65 points, equivalent to a 0.71% increase, now standing at 9,173 points, while the Technology Index climbed 56 points, or 0.99%, to 5,785 points. Technology stocks showed strong performance, with Tencent rising by 1%, Alibaba increasing by 1.3%, and Meituan slightly down by 0.1%. Xiaomi Group saw a rise of 1.9%, JD.com surged by 2.6%, and Kuaishou gained 0.7%. In the financial sector, stocks exhibited mixed results; HSBC Holdings fell by 0.1%, while AIA...
Japanese stocks are trading lower, tracking overnight losses on Wall Street as inflation fears due to rising bond yields weigh on the index. Automobile and financial stocks are weighing on the index. Toyota and Honda are down 0.2% and 0.5%, respectively. Sumitomo Mitsui Financial is down 0.9%, while Mitsubishi UFJ Financial is 0.7% lower. Index heavyweight SoftBank Group is down 2.8%. USD/JPY is down 0.1% at 148.56. The Nikkei Stock Average is down 0.4% at 42132.41. Source: Bloomberg
Asia-Pacific markets mostly fell Wednesday, tracking losses on Wall Street as investors assessed rising global bond yields and the latest developments on the trade front. Australia's S&P/ASX 200 declined by 0.52%, ahead of the release of its GDP reading for the second quarter ended June. Economists polled by Reuters forecast a 1.6% expansion from the year before, compared to the 1.3% posted in the previous quarter ended March. Japan's Nikkei 225 lost 0.43%, while the broader Topix index moved down 0.35%. Over in South Korea, the Kospi index ticked up 0.16%, while the small-cap Kosdaq...
In his first press conference in a week, President Donald Trump dismissed rumors of his death circulating on social media. In a casual tone, Trump called the reports "fake news," while emphasizing that he was actively engaging through interviews, social media posts, and visits to his golf club in Virginia. The White House Press Office added that he was in good physical condition despite suffering from chronic venous insufficiency, a common condition associated with aging, with no serious complications. Furthermore, Trump announced that the headquarters of U.S. Space Command would be moved...
The S&P 500 closed lower on Tuesday, as the tech wreck continued pressured by tariff uncertainty and a jump in bond yields. The main averages on Wall Street were closed on Monday in observance of the Labor Day holiday. At the end of the last trading day on Friday, stocks dipped, weighed down partially by declines in artificial intelligence-related names. Sticky personal consumption expenditure price index data also sparked some doubts over just how much impetus the Federal Reserve has to cut rates. President Donald Trump said he would request the Supreme Court deliver an expedited...