The three major US stock averages fluctuated between small gains and losses on Wednesday, attempting to rebound from Tuesday's weak session, when concerns over lofty AI valuations weighed on sentiment while earnings remained in focus. The tech sector stayed under pressure, while materials and energy outperformed. AMD slipped 1.7% after issuing a revenue forecast that failed to impress investors, and Super Micro Computer tumbled 7.3% following a weaker-than-expected earnings outlook for the current period. Palantir Technologies extended losses, falling 2.3%. Nvidia edged down 0.2%, while...
The Nikkei 225 Index rose 0.49% to close at 35,039 while the broader Topix Index gained 0.32% to 2,593 on Thursday, with Japanese shares rising for the second straight session and tracking Wall Street higher. The rally followed comments from U.S. President Donald Trump, who signaled a softer stance on Chinese tariffs. Treasury Secretary Scott Bessent added that the U.S. and China have a chance to reach a "big deal" on trade. Meanwhile, the U.S. reportedly informed Japan's trade delegation that Tokyo would not receive special treatment under Washington's current tariff regime, despite Japan's...
Hong Kong stocks fell 128 points or 0.6% to 21,940 in early Thursday trade, snapping gains in the previous three sessions as investors took profits after the Hang Seng touched a three-week high. US futures also dipped slightly after Wall Street overnight logged strong advances for the second straight day, supported by softer rhetoric from the White House on China tariffs and assurances that President Trump won't seek to remove Fed Chair Powell. Losses were seen across property, consumer, and tech sectors, while financials traded flat as investors awaited the April Politburo meeting for...
The Nikkei 225 Index jumped 0.8% to above 35,100 while the broader Topix Index gained 0.7% to 2,602 on Thursday, with Japanese shares rising for the second straight session and tracking Wall Street higher. The rally followed comments from U.S. President Donald Trump, who signaled a softer stance on China tariffs. Treasury Secretary Scott Bessent added that the U.S. and China have a chance to reach a "big deal" on trade. Investors also eyed progress in ongoing trade negotiations between the U.S. and Japan. On the monetary policy front, the Bank of Japan is widely expected to hold its...
Asia-Pacific markets traded mixed Thursday, tracking gains on Wall Street as a possible thaw in U.S.-China trade war fuels investor optimism. Japan's benchmark Nikkei 225 rose over 1%, extending the previous day's gains. The Topix added 0.81%. South Korea's Kospi slipped 0.47% while the small-cap Kosdaq dipped 0.15%. Australia's S&P/ASX 200 rose 0.56%. Hong Kong's Hang Seng index slipped 0.29% while mainland China's CSI 300 traded flat.South Korea's GDP contracted 0.1% in the first quarter of 2025, according to advance figures released Thursday, missing the 0.1% rise expected by a...
U.S. stocks closed higher on Wednesday, with the S&P 500 up 1.7%, the Nasdaq up 2.5% and the Dow up 419 points, as easing U.S.-China trade tensions and President Trump's assurance that he would not remove Fed Chairman Jerome Powell boosted sentiment. However, all three indexes fell from their highs as investors questioned whether a trade resolution was truly in sight. Treasury Secretary Bessent noted that Trump had not proposed unilateral tariff cuts and that talks with China had not yet begun, dampening early optimism. The remarks followed the president's remarks that tariffs might not...