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Asian markets inched higher on Monday, lifted by Wall Street’s gains after US inflation data met expectations and eased concerns about US President Donald Trump‘s latest tariff announcements.Hong Kong’s HSI jumped 353 points or 1.35% to 26,482. Shenzhen also jumped 169 points or 1.28% to trade at 13,378 while Shanghai gained 6 points or 0.17%…
Asian drug stocks fell on Friday as investors reacted to US President Donald Trump’s threat to impose 100% tariffs on imported branded pharmaceuticals starting October 1.Companies without existing US manufacturing plants could face the full impact, triggering declines across major drugmakers in South Korea, Japan, and Hong Kong.In South Korea, Samsung Biologics fell 1.6%, while…
Asian markets opened cautiously on Friday after US President Donald Trump announced a fresh set of tariffs, while investors lowered expectations for significant Federal Reserve interest rate cuts following stronger-than-anticipated economic data.Trump revealed plans to levy a 100% tariff on imported branded pharmaceuticals, 25% on heavy-duty trucks, and 50% on kitchen cabinets. He also said…
Asian shares paused their recent rally on Thursday as investors positioned for month- and quarter-end flows, while the Japanese yen weakened to fresh lows against the euro and the Swiss franc surged amid currency market volatility.Oil prices slipped after climbing over 2% overnight to seven-week highs, following a surprise drop in US crude inventories that…
File photo of Sports Minister Mandaviya. The Sports Ministry of India has released strict selection criteria for the 2026 Asian Games in Nagoya, Japan, focusing on medal prospects and continental rankings. The new five-page document, unveiled on Wednesday, states that only athletes ranked in the top six for individual sports and top eight for team…
Representative image credits: AP Asian stocks dropped Wednesday following losses on Wall Street, as Federal Reserve chair Jerome Powell offered little clarity on future interest rates and US economic data fueled concerns about slowing growth.MSCI’s broadest index of Asia-Pacific shares outside Japan slid 0.4% in mid-morning trade. The S&P 500 fell 0.6% in the previous…
Representative image credits: AP Asian share markets looked set to extend recent gains on Tuesday, driven by strong investor optimism around artificial intelligence (AI) and tech stocks, while bets on further US interest rate cuts pushed gold to fresh record levels.Wall Street had reached another record after Nvidia announced it would invest up to $100…
Asian markets opened cautiously higher on Monday, while the dollar held steady as investors assessed the US monetary policy outlook after last week’s Federal Reserve rate cut. Adding to the unease, President Donald Trump’s crackdown on worker visas kept sentiment in check, particularly for India’s tech sector.MSCI’s broadest index of Asia-Pacific shares outside Japan rose…
Global markets steadied on Thursday after the US Federal Reserve cut interest rates by 25 basis points but signaled a cautious approach to further easing.US equity futures rose around 0.3–0.4% after a volatile Wall Street session, where the Dow Jones Industrial Average gained 0.57% to close at 46,018.32, while the S&P 500 slipped 0.10% to…
Asian markets traded mixed on Wednesday as investors turned their focus to the US Federal Reserve, which is widely expected to announce its first interest rate cut of the year. Japan’s Nikkei 225 rose 0.2% to 44,995.79 in morning trade. However, government data showed that Japanese exports to the US dropped 13.8% in August from…
