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...
European markets opened 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 was 1% lower shortly after the opening bell, with all sectors and major bourses firmly in negative territory. Germany's DAX index led losses, shedding 1.2% during early trade. The sell-off comes ahead of a raft of Trump tariffs set to come into effect on Wednesday, including a 25% levy on "all cars that are not made in the United States." By 8:18 a.m. in London on Monday, Europe's Stoxx Automobiles and Parts index was...
Hong Kong stocks shed over 1% to close at 23,120 on Monday, extending losses for a second session amid broad sector declines. Sentiment remained weak as investors braced for US reciprocal tariffs set for Wednesday. Meanwhile, an upbeat Chinese PMI failed to offer support despite data showing factory activity at a one-year high and service growth at a three-month high. On the corporate front, CK Hutchison dropped more than 3% after Chinese state media condemned its port sale near the Panama Canal to BlackRock's group. Other notable laggards included Sands China (-5%), Lenovo (-3.5%), Xiaomi...
Stocks in Europe started the week in negative territory, with both the STOXX 50 and the STOXX 600 dropping around 1% to near two-month lows as concerns over the ongoing trade war continued to weigh on investor sentiment. New reciprocal tariffs on US imports are set to take effect on Wednesday, fuelling uncertainty regarding their scope and impact. Reports also indicate that President Trump has recently urged his advisors to adopt a more aggressive stance on tariffs. The basic resources sector saw sharp losses, hitting its lowest level since September, while banks, chemicals, and...
Japan's Nikkei 225 share average tumbled to its lowest point in more than six months on Monday. The benchmark plunged 4.05% to end the day at 35,617.56, its lowest since September. The worst-performing stocks on Monday include Renesas Electronics, which plunged 10.97%, Socionext Inc which lost 8.66% and Disco Corp which was down 8.35%. The broader Topix index fell 3.57% to 2,658.73. Source: CNBC
Hong Kong stocks fell 0.8% to 23,260 in early Monday trade, extending losses for a second session amid broad sector declines. Sentiment remained weak as investors braced for US reciprocal tariffs set for Wednesday. Meanwhile, an upbeat Chinese PMI failed to offer support despite data showing factory activity at a one-year high and service growth at a three-month high. On the corporate front, CK Hutchison dropped nearly 3% after Chinese state media condemned its port sale near the Panama Canal to BlackRock's group. Other notable laggards included Lenovo (-2.2%), Xiaomi (-2%), Tencent...