US stocks recovered from sharp early losses on Friday (November 14th), but closed flat to lower as investors bought back major technology stocks and reassessed the likelihood of a December interest rate cut. This left the S&P 500 and Nasdaq 100 largely stagnant, while the Dow Jones Industrial Average closed 280 points lower. Nvidia, Microsoft, Oracle, and Palantir each rose between 1.1% and 2.4%, reversing some of Thursday's sharp declines in tech stocks. Meanwhile, defensive stocks lagged, with United Healthcare down 3.2% and Home Depot down 1.6%. Stock movements remained uneven, with...
The Hang Seng closed almost unchanged at 23,782 on Tuesday, recovering from early losses as most sectors rose. Sentiment improved after Citigroup Inc. raised its outlook on China's stock market to overweight, citing AI breakthroughs. The technology index rose more than 1%, led by Kuaishou Tech (5.2%) and Semicon Manufacturing (3.1%). Property and financials also gained on hopes that China's parliamentary meeting, which ends today, will boost market confidence despite lingering deflationary pressures, trade tensions with the U.S. and uncertainty in the property market. Meanwhile, U.S. stock...
European markets opened mixed on Tuesday as global markets weighed on concerns that the U.S. economy will suffer from President Donald Trump's trade tariffs. The U.K.'s FTSE 100 is expected to open 9 points higher at 8,606, Germany's DAX is up 5 points at 22,613, France's CAC is down 7 points at 8,041 and Italy's FTSE MIB is down 9 points at 38,816, according to data from IG. Traders will be focused on earnings from Persimmon, Lego and Leonardo, also due on Tuesday. Volkswagen reported a 15% year-on-year drop in annual operating profit on Tuesday, citing rising costs and "exceptional...
Japan stocks were lower after the close on Tuesday, as losses in the Shipbuilding, Manufacturing and Services sectors led shares lower. At the close in Tokyo, the Nikkei 225 fell 0.32%. The best performers of the session on the Nikkei 225 were Yokogawa Electric Corp. (TYO:6841), which rose 3.34% or 100.00 points to trade at 3,095.00 at the close. Meanwhile, Aozora Bank, Ltd. (TYO:8304) added 2.56% or 54.00 points to end at 2,163.00 and Nexon Co Ltd (TYO:3659) was up 2.50% or 50.00 points to 2,046.50 in late trade. The worst performers of the session were Konica Minolta, Inc. (TYO:4902),...
Hong Kong stocks slid for a third straight day, tracking losses in major Asian markets, amid concerns rising tensions stoked by US trade policies will hurt economic growth and fuel recession risks. The Hang Seng Index tumbled 1 per cent to 23,555.24 at 10.50am local time on Tuesday, adding to a 1.9 per cent loss on Monday and a 0.6 per cent setback on Friday. The Hang Seng Tech Index slipped 0.3 per cent. The CSI 300 Index fell 0.5 per cent and the Shanghai Composite Index of onshore stocks declined 0.4 per cent. Japan's Nikkei 225 fell 1.7 per cent while South Korea's Kospi Index lost 1.3...
The Nikkei 225 Index tumbled 2.5% to below 36,200, while the broader Topix Index dropped 2.9% to 2,620 on Tuesday, reaching their lowest levels in at least five months. The decline followed a sharp selloff on Wall Street overnight, fueled by growing US recession fears. Over the weekend, US President Donald Trump described the economy as being in "a period of transition" when asked about a possible recession, with his tariff policies and government shake-ups adding to market concerns. In Japan, sentiment was further dampened by weaker economic data. Fourth-quarter GDP growth was revised...