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...
Major U.S. stock indexes rallied more than 3% on Tuesday, snapping a three-day losing streak marked by heightened volatility, as investor sentiment improved on hopes of progress in U.S. tariff negotiations. The S&P 500 surged 3.1%, the Dow Jones soared by 1,300 points (3.5%), and the Nasdaq rose 3.2%. The rebound followed comments from Treasury Secretary Scott Bessent, who disclosed that roughly 70 countries, including Japan, have reached out to the White House to initiate tariff talks. Despite the market optimism, U.S.-China tensions remained elevated. Beijing reiterated its resolve to...
The Hang Seng surged 299 points or 1.5% to close at 20,128 on Tuesday, partly rebounding from Monday's historic 13.2% fall, the steepest one-day loss since 2008. Gains were broad-based, led by tech and consumers, as hopes emerged that Washington might ease its tariff stance. In response to recent market turmoil, China moved state-owned firms and listed companies to help calm sentiment. Chinese financial regulator also plans to raise equity asset cap for some insurers by about 5%, aiming at channeling more long-term capital into stocks and supporting the economy. However, the index trimmed...
European markets moved higher at the open on Tuesday, reversing course from a four-day losing streak fuelled by red-hot global tariff tensions. The regional Stoxx 600 index was around 1% higher shortly after the opening bell, with almost every sector and all major bourses in positive territory. The index ended Monday's session around 4.5% lower, marking its lowest closing level since January 2024. Key regional indices including the U.K.'s FTSE 100, the German DAX and France's CAC 40 also all closed sharply lower. Global equity markets have been rocked by the frequent updates around U.S....
Japanese equities surged on Tuesday, with the Nikkei 225 rallying 6.03% to close at 33,012 and the broader Topix Index jumping 6.26% to 2,432, as investors welcomed signs of easing trade tensions between Japan and the US. The rebound followed news that US President Donald Trump agreed to hold trade talks with Japanese officials after a phone call with Prime Minister Shigeru Ishiba. US Treasury Secretary Scott Bessent noted that Japan would likely be prioritized for tariff relief due to its prompt engagement. Meanwhile, Japanese Finance Minister Katsunobu Kato pledged to take all necessary...
Asia-Pacific markets opened higher Tuesday, rebounding from previous session's losses over U.S. President Donald Trump's tariff policy and threats of even higher levies against China.Australia's S&P/ASX 200 added 0.18% at the open.Japan's Nikkei 225 rose 6.41% while the Topix gained 6.81%. South Korea's Kospi rose 1.7% while the small-cap Kosdaq climbed 2.35%.Hong Kong's Hang Seng Index rose 2.25%, while the Hang Seng Tech Index jumped 4.17%. Hong Kong's stock market led losses in the region on Monday, with the Hang Seng Index plummeting over 13% to log its steepest one-day decline since...