Latest Financial services technology News

Asian shares mixed in lackluster trading, Nikkei falls 0.6%

Jul. 16, 2019 12:00 AM EDT

TOKYO (AP) — Asian shares were little changed and mixed in quiet trading Tuesday amid a lack of fresh market-moving news as investors looked ahead to earnings season. Japan's benchmark Nikkei 225 lost 0.6% in early trading to 21,549.68. Australia's S&P/ASX 200 edged 0.1% higher to 6,657.20. South...

Stocks edge lower as bank losses offset technology gains

Jul. 15, 2019 10:22 AM EDT

NEW YORK (AP) — Stocks edged lower in early trading Monday on Wall Street as a decline in banks offset solid gains in technology companies. The losses follow record high finishes for every major stock index last week. The S&P 500 index also pushed above 3,000 for the first time. Citi led banks lower,...

Markets Right Now: Dow has first close above 27,000 points

Jul. 11, 2019 4:13 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. The Dow Jones Industrial Average climbed above 27,000 for the first time after a turbulent day on Wall Street. The S&P 500 also hit a closing high milestone of its own Thursday, a day after its first move above...

How major US stock indexes fared Thursday

Jun. 13, 2019 5:10 PM EDT

Stocks closed broadly higher Thursday, led by gains in retailers and media and energy companies. U.S. crude oil rose 2.2% after two oil tankers near the strategic Strait of Hormuz were damaged in suspected attacks. Gains in energy and internet companies powered the rally, which ended the market's two-day losing...

Asian shares mixed on jitters over Hong Kong protests

Jun. 13, 2019 12:12 AM EDT

SINGAPORE (AP) — Asian stocks were mixed on Thursday as protesters in Hong Kong vowed to keep opposing a proposed extradition bill they fear would whittle down the Chinese territory's legal autonomy. The protests threaten to shake confidence in the hub for many regional and international businesses and...

Markets Right Now: Stocks fall for the 2nd day in a row

Jun. 12, 2019 4:08 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks are ending lower for the second day straight, dragged down by losses in technology companies and banks. Energy companies also fell Wednesday as the price of crude oil continued to decline. Investors shifted...

Asian shares rise as Trump plans to meet Chinese leader

Jun. 11, 2019 12:09 AM EDT

TOKYO (AP) — Asian shares were mostly higher Tuesday as investor jitters over trade eased after U.S. President Donald Trump suspended plans to impose tariffs on Mexican imports and said he expects to meet with the Chinese leader. Japan's benchmark Nikkei 225 rose 0.4% in morning trading to 21,208.09....

China's technology tactics irk its trading partners

May. 20, 2019 3:05 AM EDT

BEIJING (AP) — For four decades, Beijing has cajoled or pressured foreign companies to hand over technology. And its trading partners say if that didn't work, China stole what it wanted. Communist leaders deflected demands for change until foreign frustration erupted into a showdown with President Donald...

Asian shares mixed as Huawei sanctions stir trade fears

May. 16, 2019 11:27 PM EDT

SINGAPORE (AP) — Asian stocks were mixed on Friday amid worries that U.S. economic sanctions on Huawei would cast a pall on trade negotiations with China. Hong Kong's Hang Seng shed 0.4% to 28,161.89 while Japan's benchmark Nikkei 225 jumped 1.6% to 21,391.53. The Kospi in South Korea added 0.2% to...