Japanese stocks rose after the close on Monday (5/12), as gains in the Real Estate, Banking and Textile sectors helped stocks advance. At the close in Tokyo, the Nikkei 225 was up 0.42%. The best performers on the Nikkei 225 were Advantest Corp. (TYO:6857), which rose 9.04% or 605.00 points to trade at 7,300.00 at the close. Meanwhile, Pacific Metals Co., Ltd. (TYO:5541) rose 7.30% or 116.00 points to close at 1,704.00 and Yaskawa Electric Corp. (TYO:6506) gained 6.79% or 205.00 points to 3,226.00 at the close. The worst performers on the session were DeNA Co Ltd (TYO:2432), which fell...
European equity markets are set for a strong start on Monday, boosted by an easing of US-China trade tensions after high-level negotiations over the weekend in Switzerland. US officials announced that a deal had been reached aimed at reducing the trade deficit, while Chinese representatives highlighted a "significant consensus" between the two sides. A joint statement with further details is expected later in the day. Meanwhile, there are no major economic releases in Europe on Monday, with earnings due from Italian banking giant UniCredit. In premarket trading, Euro Stoxx 50 futures rose...
The Hang Seng surged 682 points or 3.0% to close at 23,549 on Monday, marking its eighth straight session of gains and hitting a 1-1/2 month high. The rally followed a sharp rise in U.S. futures after the U.S. and China agreed to a 90-day pause in trade tensions and a major easing of tariffs. Washington will cut duties on Chinese goods to 30% from 145%, while Beijing will lower tariffs on U.S. goods to 10% from 125%. Sentiment was further lifted by data showing China's car sales rose nearly 10% yoy in April. Tech stocks led the advance, with the sector index up around 5%, boosted by gains...
US stocks skyrocketed on Monday, with both the S&P 500 and the Nasdaq soaring about 3% and the Dow Jones jumping more than 1,000 points, after the US and China announced a sweeping 90-day reduction in tariffs following trade negotiations over the weekend in Switzerland. The US said it would lower tariffs on Chinese goods from 145% to 30%, while China will cut levies on US imports from 125% to 10%, both for a 90-day period. The move boosted investor confidence, signalling that both sides are serious about de-escalating trade tensions and encouraging a return to riskier assets. Consumer...
European stock markets closed higher Monday following the White House's announcement that the U.S. and China had agreed to slash tariffs. The Stoxx 600 closed up by 1.1% provisionally, with mining stocks rallying nearly 5% to lead the gains. The U.K.'s FTSE 100 was 0.6% higher as France's CAC 40 moved up 1.4% and Germany's DAX climbed 0.2%. U.S. Treasury Secretary Scott Bessent said on Monday that talks with China had been "very productive." The agreement to suspend most tariffs for 90 days shows a thawing of trade tensions between the world's two largest economies. U.S. stocks opened...