The Hang Seng surged 776 points, or 3.3%, to close at 24,370, marking its third straight gain and its highest level in more than three years, with all sectors gaining. Investors viewed policy signals from China's annual parliamentary meeting positively, prompting increased buying. The technology sector rose 5.4%, led by an 8.5% surge in Alibaba Group, which has surged 46% since hitting a 2025 low on Jan. 13, on optimism over its AI development efforts. Consumer, property and financial stocks also rose strongly, as traders bet that the latest U.S. tariff hike under President Trump would not...
Stocks fell again on Thursday as investors sought more clarity on the latest U.S. tariff measures and their impact on the economy. The Dow Jones Industrial Average was trading 530 points lower, or 1%. The S&P 500 was down 1.5%, and the Nasdaq Composite was down 1.8%. U.S. tariffs on Canadian, Mexican and Chinese imports took effect this week, rattling financial markets. Canada and China responded with their own retaliatory tariffs, while Mexico said it would announce its own measures over the weekend. The major averages have each lost at least 3% this week as trade tensions escalate....
Stocks resumed their pullback on Thursday as the latest concessions from the White House on President Donald Trump's controversial tariff policies failed to calm rattled investors. The Dow Jones Industrial Average traded 523 points lower, or 1.2%. The S&P 500 shed 1.8%, while the Nasdaq Composite lost 2.3%. The major averages have each lost more than 3% this week as U.S. tariffs on Canadian, Mexican and Chinese imports took effect, rocking financial markets. Canada and China responded with retaliatory levies of its own, while Mexico said it would unveil measures over the...
Stocks resumed their steep pullback on Thursday as the latest concessions from the White House on President Donald Trump's controversial tariff policies failed to calm rattled investors. The Dow Jones Industrial Average slid 427.51 points lower, or 0.99%, to 42,579.08, after falling more than 600 points at session lows. The S&P 500 tumbled 1.78% to 5,738.52. The Nasdaq Composite dropped 2.61% to 18,069.26, officially closing in correction territory, which is when an index falls 10% from a recent high. Thursday's declines come as U.S. tariffs on Canadian, Mexican and Chinese imports...
Asia-Pacific markets are set to mostly fall on Friday, mirroring losses on Wall Street after U.S. President Donald Trump's tariff concessions failed to calm investors. Traders were also worried by economic data from the U.S., which raised alarm that Trump's policies could hinder the U.S. economy. The Federal Reserve's Beige Book and the Institute for Supply Management's manufacturing reading both indicated fear of rising input costs because of the tariffs. Data from Challenger, Gray & Christmas released Thursday showed layoff announcements soared to 2020 highs, which the outplacement...