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...
Shares in Hong Kong rose by 142 points, or 0.6%, to 23,247 in morning deals on Tuesday, halting the bearish trend of the prior two sessions, supported by gains in tech, energy, and consumer services. Fresh data from China lifted sentiment after a private survey showed that factory activity in the mainland grew the most in four months, following Monday's official data that revealed the manufacturing sector expanded at the fastest pace in a year. The Hang Seng rebounded from a four-week low touched the day before, tracking a rise in Wall Street's S&P and Dow Jones overnight. However,...
The Shanghai Composite rose 0.6% to surpass 3,350, while the Shenzhen Component edged up 0.4% to 10,550 on Tuesday, with mainland stocks rebounding after a two-day decline as investors reacted positively to strong factory activity data. A private survey showed that Chinese manufacturing expansion accelerated more than expected in March, reaching a four-month high amid robust external demand. Total new orders grew for the sixth consecutive month, while new export orders recorded their fastest expansion in nearly a year. However, investor sentiment remained cautious as markets awaited the...
Japanese stocks rebounded, buoyed by the solid performance of US equities ahead of Trump's announcement on reciprocal tariffs, as well as a pause in the yen's strength. The Topix Index rose 1.2% to 2,690.37 as of 9:20 a.m. Tokyo time after a two-day loss of more than 5.6%. Sony Group Corp. contributed the most to the Topix's gain, increasing 1.9%. Out of 1,692 stocks in the index, 1,415 rose and 223 fell, while 54 were unchanged. The Nikkei climbed 1% to 35,986.04 after entering a technical correction Monday. Bank, insurance and financial shares rose,...
European markets traded sharply lower on Monday as global investors braced for U.S. President Donald Trump's trade tariffs to come into force. The regional Stoxx 600 index closed 1.51% lower, with nearly all sectors and major bourses firmly in negative territory. The final trading day of March marks the Stoxx 600′s first losing month of the year, with a loss of nearly 3%, according to LSEG data. However, in 2025 so far the index continues to outperform the U.S. S&P 500, which is on course to drop more than 6% in March. The global sell-off comes ahead of a raft of Trump tariffs set to...
U.S. stocks fell Monday as traders looked ahead to "Liberation Day" for clarity on President Donald Trump's tariff plans. The Dow Jones Industrial Average traded 228 points lower, or 0.6%. The S&P 500 dipped 1.2%, and the Nasdaq Composite shed 2.1%. Investors were in a risk-off mood again early Monday, selling the tech bull market winners like Nvidia, Tesla and Meta. A slew of tariffs previously announced by the Trump administration will go into effect on Wednesday — what Trump has called "Liberation Day" — including a 25% levy on "all cars that are not made in the United States." The...