China stocks fell on Friday, set for the steepest weekly decline in 10 weeks, as investor caution over trade uncertainties and profit-taking in artificial intelligence shares dampened sentiment ahead of a key leadership gathering next week. China’s blue-chip CSI300 Index dropped 1.3 per cent, while the Shanghai Composite Index lost 1 per cent. Hong Kong…
The US Composite PMI rose from 55.1 in July to an 8-month high of 55.4 in August. Service providers hired at the fastest rate in seven months, while firms across both sectors reported higher import prices. Service sector price inflation reached its highest level since August 2022. August’s flash PMI numbers overshadowed jobless claims data….
Hang Seng Index Drops as Mainland Stocks Struggle for Direction The Hang Seng Index fell 0.31% to 24,824 in morning trading, pulling back from an early high of 24,955. Mainland China’s CSI 300 edged 0.04% lower, while the Shanghai Composite Index edged 0.06% higher. Overnight (August 5), US equity markets posted losses as investors reacted…
Global markets today: Asian markets showed a mixed trend on Monday, with investors closely monitoring the People’s Bank of China’s upcoming decision on the 1-year and 5-year loan prime rates for July, along with recent trade-related developments. South Korea’s markets opened on a positive note, with the Kospi index rising 0.45 per cent, while the…
Global markets today: Asian markets trade mix on Tuesday, July 15, as investors seem to brush aside the uncertainty surrounding U.S. President Donald Trump’s fluctuating tariff stance and shift their focus to upcoming economic data from China. Japan’s Nikkei 225 remained largely unchanged, while the broader Topix index rose by 0.32 per cent. Japan’s 10-year…
Global markets today: Asian markets open on a mix note on Monday as investors react to the 30 per cent tariffs imposed by U.S. President Donald Trump on the European Union and Mexico over the weekend. Japan’s Nikkei 225 had slipped 0.33 per cent, while the broader Topix index edged lower by 0.21 per cent….