US stocks were higher on Wednesday, with the S&P 500 rising 0.3%, the Nasdaq edging up 0.1%, and the Dow Jones jumping more than 250 points. The gains followed fresh record closes for the S&P 500 in back-to-back sessions. Investor sentiment was buoyed by renewed trade optimism after President Trump announced a deal with Japan that would lower tariffs from 25% to 15%. Japan also committed to investing $550 billion in the US and opening its markets to key American goods. Additionally, a trade agreement with the Philippines was announced, while hopes are growing that a deal with the EU...
Japanese stocks rose after the close on Tuesday (2/4), as gains in the Communications, Transportation and Marine Transport sectors boosted shares. At the close in Tokyo, the Nikkei 225 was up 0.61%. The best performers on the Nikkei 225 were Sumitomo Dainippon Pharma Co Ltd (TYO:4506), which rose 9.72% or 69.00 points to trade at 779.00 at the close. Meanwhile, Sumitomo Electric Industries Ltd. (TYO:5802) rose 8.04% or 224.00 points to close at 3,009.00 and Kyocera Corp. (TYO:6971) gained 7.44% or 117.50 points to 1,696.00 at the close. The worst performers on the session were Mitsubishi...
Hong Kong's stocks surged 460 points or 2.3% to a near 8-week high of 20,674 during the Tuesday morning session, following a muted close the prior day. The surge was boosted by a rise in US futures after President Trump and leaders of Canada and Mexico reached a deal to put tariffs on hold for a month. Meanwhile, China is preparing to complain to the World Trade Organization to avoid tariff hikes and tech curbs imposed by the Trump administration. Locally, the city's economy grew by 2.4% yoy in Q4 2024, accelerating from a 1.9% rise in Q3 and slightly surpassing forecasts of 2.3%. Gains...
The Nikkei 225 Index surged 1.6% to around 39,150, while the broader Topix Index rose 1.4% to 2,757 on Tuesday, recouping some of the losses from the previous session. This bounce followed U.S. President Donald Trump's decision to pause tariffs on Mexico and Canada after discussions with their respective leaders. However, the U.S. is still expected to implement the proposed 10% levy on imports from China, continuing the trade policies seen during Trump's first term. In Japan, investors are focusing on Wednesday's release of the latest wage figures, which could influence the outlook for the...
Asia-Pacific markets rose Tuesday after Donald Trump paused tariffs on Mexico for a month, while Canada also said the U.S. president had put on hold proposed tariffs on its exports. Japan's benchmark Nikkei 225 started the day 1.64% higher, while the broader Topix index advanced 1.37%. South Korea's Kospi rose 1.26% while the small-cap Kosdaq gained 1.86%. Over in Australia, the S&P/ASX 200 was up 0.65%. Futures for Hong Kong's Hang Seng index stood at 20,495 also pointing to a stronger open compared to the HSI's close of 20,217.26. Source: CNBC
The Dow Jones Industrial Average on Monday staged a major comeback, recovering steep losses from earlier in the session after President Donald Trump said tariffs against Mexico would be paused for one month. The 30-stock average ended the day down 122.75 points, or 0.28%, to close at 44,421.91. At its lows of the day, the Dow was down 665.6 points, or 1.5%. The S&P 500 slid 0.76% to 5,994.57, and the Nasdaq Composite slumped 1.2% to 19,391.96. The iShares MSCI Mexico ETF (EWW) which tracks Mexican stocks, rebounded to close more than 2% higher.Stocks initially dropped Monday after...