The S&P 500 rose 0.4% on Friday (July 25), notching its fifth consecutive record close—its longest streak in more than a year—while the Nasdaq 100 gained 0.2% after hitting an intraday high. The Dow Jones Industrial Average gained 208 points as investors digested a wave of trade developments and corporate earnings. Optimism surrounding trade talks contributed to the rally, with President Trump scheduled to meet with European Commission President Ursula von der Leyen on Sunday amid hopes of a US-EU deal. Deals were also reached with Japan, Indonesia, and the Philippines ahead of the...
The Nikkei 225 Index dropped 2.96% to close at 33,585, while the broader Topix Index fell 2.85% to 2,467 on Friday, giving back gains from the previous session as Japanese stocks tracked Wall Street's steep losses. The decline came amid growing concerns over the economic fallout from the escalating U.S.-China trade war. The White House confirmed that cumulative tariffs on Chinese imports have surged to 145%, intensifying fears of a prolonged trade conflict. Despite President Trump's 90-day tariff reprieve aimed at opening space for negotiations, uncertainty remains high over the outcome of...
European stock markets opened slightly higher in early trade on Friday as a volatile week for shares nears its end and concerns about a trade war between the U.S. and China persist. The pan-European Stoxx 600 opened up 0.4%, with the U.K.'s FTSE 100 inching up by 0.5%, while Germany's Dax and France's CAC 40 were higher by 0.4% at 8.10 am London time. All sectors of the stock market, except energy, were trading in positive territory. It has been a choppy week for European, and global, markets as investors have been reacting to the frequent developments in global trade policy that were set...
(Hong Kong) The Hang Seng Index started weak, down by 124 points or 0.6%, standing at 20,557 points. Concurrently, the mainland enterprises index dropped by 30 points or 0.39%, reaching 7,638 points, while the technology index saw a decline of 25 points or 0.53%, settling at 4,787 points. Tech stocks faced a downturn with Tencent falling by 1%, Alibaba by 1.7%, Meituan by 0.3%, Xiaomi Group by 0.7%, and Kuaishou by 0.4%.In the financial sector, there was a softness observed with HSBC Holdings declining by 2.1%, Prudential by 1.3%, China Ping An by 1.5%, and Hong Kong Exchanges by 0.2%. The...
Japanese stocks tumbled on Friday, tracking sharp losses on Wall Street as trade tensions between the U.S. and China reignited market volatility. The Nikkei 225 plunged 5% to fall below 33,000, while the broader Topix Index sank 4.7% to 2,420, erasing much of the previous session's gains. The downturn followed confirmation from the White House that cumulative tariffs on Chinese imports have climbed to 145%, deepening fears of a prolonged trade war. Uncertainty also lingers around the outcome of ongoing negotiations, despite President Trump's 90-day tariff reprieve meant to create space for...
Markets in Asia tumbled during morning trading Friday, a day after U.S. markets retreated in the wake of a White House announcement saying tariffs on Chinese exports to the United States would rise to 145 percent, up from 125 percent. Japan's Nikkei 225 and Topix indexes dropped by more than 4 percent. South Korea's Kospi and Australia's ASX 200 fell by almost 2 percent, while Taiwan's bourse kicked off the day with a fall of under 1 percent before logging a tiny gain of under 0.5 percent. Hong Kong's Hang Seng Index and China's Shanghai composite index netted losses of under 1 percent in...