Asian Shares Muted Before Trump's New Tariff Announcement

RTTNews | 68 gün önce

(RTTNews) - Asian stocks ended on a muted note on Wednesday as caution prevailed ahead of U.S. President Donald Trump's sweeping tariffs announcement expected later in the day.

Treasury yields advanced after a multi-day drop and the dollar held steady, pushing gold prices down from new record highs reached earlier this week.

Oil extended losses on concerns that new U.S. tariffs may drag on global growth and weigh on fuel demand.

China's Shanghai Composite finished marginally higher at 3,350.13 after a choppy session. Hong Kong's Hang Seng index gave up early gains to end marginally down at 23,202.53.

Japanese markets ended slightly higher after a choppy session. The Nikkei average rose 0.28 percent to 35,725.87 while the broader Topix index settled 0.43 percent lower at 2,650.29.

Uniqlo-owner Fast Retailing rallied 3.7 percent and chip-testing equipment maker Advantest climbed 2.6 percent while energy stocks tracked crude prices lower.

Seoul stocks fell notably, with the Kospi average ending down 0.62 percent at 2,505.86. Hyundai Motor, Hyundai Steel and Posco Holdings gave up 1-3 percent.

Australian markets edged up slightly, with property developers, financials and technology stocks pacing the gainers. Mining and energy stocks fell, limiting overall gains in the broader market.

The benchmark S&P/ASX 200 ended up 0.12 percent at 7,934.50 while the broader All Ordinaries index finished marginally higher at 8,133.10.

Across the Tasman, New Zealand's benchmark S&P/NZX-50 index ended flat with a positive bias at 12,320.19.

U.S. stocks fluctuated before finishing higher overnight ahead of the impending tariff announcements, with the Washington Post noting that White House aides have drafted a proposal to impose tariffs of around 20 percent on most imports to the United States, but several options are on the table.

Investors shrugged off data that showed activity in the U.S. manufacturing sector contracted in March after two consecutive months of expansion.

Job openings fell in February, but layoffs remained subdued, adding to evidence of a gradually cooling labor market.

The tech-heavy Nasdaq Composite surged 0.9 percent and the S&P 500 rose 0.4 percent after hitting six-month intraday lows on Monday. The Dow finished marginally lower.

Canadian Market Up Marginally In Cautious Trade

After a flat start and a subsequent drop to lower levels, the Canadian market emerged into positive territory about an hour past noon on Monday, but remains somewhat subdued with investors seeming reluctant to make significant moves. The mood is cautious as investors await U.S. - China trade talks in London.

RTTNews | 34 dakika önce

European Stocks Close Weak After Cautious Session

European markets settled lower on Monday after a subdued performance as investors awaited the outcome of U.S.-China high-level trade talks in London. Also, a lack of regional economic data and earnings news contributed to the cautious mood in the markets.

RTTNews | 1s 2 dakika önce

FDA, CDC Probe Salmonella Outbreak As Around 1.70 Mln Dozen Brown Eggs Recalled

The U.S. Food and Drug Administration and the Centers for Disease Control and Prevention or CDC are investigating a Salmonella Enteritidis outbreak linked to brown eggs that sickened nearly 79 across 7 states. Associated with the ongoing probe, August Egg Co. recalled around 1.70 million dozen brown cage-free and brown certified organic eggs sold through Walmart and other retail locations.

RTTNews | 4s 48 dakika önce

Bay Street May Open Slightly Higher

Canadian shares may open slightly higher on Monday amid optimism about some positive progress in U.S.-China trade talks. Energy stocks are likely to find some support on higher crude oil prices.. The U.S.-China discussions will aim to resolve some major trade disputes between the two major economies.

RTTNews | 6s 40 dakika önce

FTSE 100 Down Marginally At Noon

The U.K. market is down marginally at noon on Monday with investors mostly making cautious moves amid a lack of triggers. The focus is on trade talks between the U.S. and Chinese officials in London. Weak Chinese exports data weighs on sentiment.

RTTNews | 7s 52 dakika önce

CAC 40 Down Slightly In Lackluster Trade

French stocks are down slightly in lackluster trade on Monday with investors refraining from making significant moves as they await the high-level trade talks between U.S. and Chinese officials in London later in the day.

RTTNews | 8s 13 dakika önce

DAX Down Over 0.5% In Cautious Trade

German stocks are down in negative territory on Monday as investors make cautious moves while awaiting crucial talks between U.S. and Chinese officials in London later in the day. The discussions will aim to resolve some major trade disputes between the two major economies. Treasury Secretary Scott Bessent leads the U.S. delegation in the high-level trade talks.

RTTNews | 8s 34 dakika önce

Sensex, Nifty End Modestly Higher; Banks And Financials Surge

Indian shares eked out modest gains on Monday as top officials from the U.S. and China meet in London later in the day to resolve their differences and ease rare-earth mineral tensions.

RTTNews | 8s 44 dakika önce

EURUSD	1.14266	GBPUSD	1.35629	AUDUSD	0.65247
USDJPY	144.545	USDCAD	1.36769	USDCHF	0.82127

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Asian Shares Muted Before Trump's New Tariff Announcement