Japanese stocks edged lower on Monday, with the Nikkei 225 down 0.1% to 50,324 and the broader Topix index down 0.37%. The main pressure came from tourism and retail stocks after geopolitical tensions with China escalated. Beijing warned Japan not to interfere in the Taiwan issue and also urged its citizens to exercise caution when traveling to Japan. A Japanese diplomat is reportedly planning a visit to China to try to calm the situation, but the market remains nervous. Travel-related stocks were the first to suffer from this sentiment. Japan Airlines and ANA Holdings fell 3.8% and 3.1%,...
Wall Street's main indexes opened higher on Wednesday, as investors shrugged off President Donald Trump's aggressive tariff moves and kept a close watch on negotiations with global trade partners. At 9:31 a.m. ET, the Dow Jones Industrial Average opens new tab rose 177.94 points, or 0.40%, to 44,418.70, the S&P 500, opens new tab gained 25.54 points, or 0.41%, to 6,251.06 and the Nasdaq Composite, opens new tab gained 118.04 points, or 0.58%, to 20,536.50. Source: Reuters
The Hang Seng lost 256 points or 1.1% to close at 23,892 on Wednesday, giving up gains from the prior session amid weak data from China. Consumer prices on the mainland edged up in June for the first time in five months, but deflation risks lingered. Meanwhile, producer prices fell the most in two years as muted demand and tariff-related uncertainties intensified price competition. Losses were broad-based, driven by falls tech, property, and consumers. Henderson Land plunged 8.6% after issuing a HKD-denominated convertible bond. Other notable laggards included Sun Hung Kai Properties...
The Nikkei 225 rose 0.33% to close at 39,821 on Wednesday, while the broader Topix Index advanced 0.41% to 2,828, extending gains from the previous session despite growing trade tensions. Investors assessed the latest tariff developments from Washington, where US President Donald Trump confirmed that there would be no revisions or delays to the updated duties targeting 14 countries. Japan is set to face a 25% tariff beginning August 1. Japanese Prime Minister Shigeru Ishiba called the move "truly regrettable" but emphasized that Tokyo will continue talks with the US in pursuit of a...
Hong Kong shares fell 197 points, or 0.8%, to 23,953 around midday Wednesday, reversing gains from the previous session after U.S. President Donald Trump escalated his global trade war by threatening a 50% tariff on copper and signaling upcoming levies on semiconductors and pharmaceuticals. In China, consumer prices rose slightly in June after four months of decline, indicating that deflationary pressures remained elevated. Meanwhile, producer prices saw their steepest drop in near two years amid intense competition, weak demand, and mounting U.S. tariffs. Losses were almost broad-based,...
The Nikkei 225 dipped 0.05% to around 39,670 on Wednesday, while the broader Topix Index edged up 0.25% to 2,823, as Japanese stocks struggled for clear direction amid heightened trade tensions. Investors weighed the latest tariff developments out of Washington, with US President Donald Trump confirming there would be no changes or extensions to the updated duties targeting 14 countries. Japan is set to face a 25% tariff beginning August 1. Japanese Prime Minister Shigeru Ishiba said Tokyo will continue negotiations with the US in search of a mutually beneficial outcome. Meanwhile, Trump...