Market Update
China's Exports and Trade Surplus Soared In March, Stock Indexes Extended Recent Gains
Li Chen
14 Apr, 2025
Hong Kong
Stocks advanced in Monday's trading in China and Hong Kong as investors reviewed the latest iteration of U.S. tariffs and domestic economic data.
The Hang Seng index soared more than 2%, and the mainland-focused CSI 300 index edged up 0.4% after the U.S. removed certain electronic items from its list of country-specific tariffs.
The Hang Seng index advanced for the fifth consecutive session in the hopes that the world's two largest economies may avoid deepening a trade war, which could plunge the U.S. economy into a recession and create widespread job losses in China.
China's Exports and Trade Surplus Soared in March.
China's exports soared in March as importers and retailers loaded up goods ahead of additional tariffs, but imports declined.
China's exports soared 12.4% to $313.9 billion, and imports sank by 4.3% in March to $211.3 billion, the General Administration of Customs reported on Monday.
Trade surplus in March soared to $102.6 billion from $58.7 billion in the same month a year ago, as factories rushed to ship ahead of the looming U.S. tariffs.
The trade landscape remains uncertain, driven by the U.S. tariff confusion, and exports to the U.S. advanced 9.1% compared to a 2.3% increase in the first two months to February.
China's indirect exports to the U.S. through the ASEAN bloc surged 11.5%, to Vietnam advanced by 18.9%, and to Thailand soared by 27.8%.
Export of electric vehicles increased 15.9% to 598,000 units, and advanced 1.7% from a year ago to $9.6 billion.
China Indexes and Stocks
The Hang Seng Index jumped 2.3% to 21,406.55, and the mainland-focused CSI 300 index increased 0.4% to 21,406.55.
Alibaba Group Holding increased 5.5% to HK $108.70, Tencent Holdings Ltd. advanced 3.5% to HK $456.80, and Baidu Inc. rose 5.4% to HK $83.15.
Smartphone and electric vehicle makers were in focus after the Trump administration paused tariffs on smartphones, laptops, and memory chips.
BYD rose 4% to HK 377.80, Li Auto advanced 3.3% to HK 93.10, and Xpeng Inc jumped 6.6% to $81.0.
China's Exports and Trade Surplus Soared In March, Stock Indexes Extended Recent Gains
Li Chen
14 Apr, 2025
Hong Kong
Stocks advanced in Monday's trading in China and Hong Kong as investors reviewed the latest iteration of U.S. tariffs and domestic economic data.
The Hang Seng index soared more than 2%, and the mainland-focused CSI 300 index edged up 0.4% after the U.S. removed certain electronic items from its list of country-specific tariffs.
The Hang Seng index advanced for the fifth consecutive session in the hopes that the world's two largest economies may avoid deepening a trade war, which could plunge the U.S. economy into a recession and create widespread job losses in China.
China's Exports and Trade Surplus Soared in March.
China's exports soared in March as importers and retailers loaded up goods ahead of additional tariffs, but imports declined.
China's exports soared 12.4% to $313.9 billion, and imports sank by 4.3% in March to $211.3 billion, the General Administration of Customs reported on Monday.
Trade surplus in March soared to $102.6 billion from $58.7 billion in the same month a year ago, as factories rushed to ship ahead of the looming U.S. tariffs.
The trade landscape remains uncertain, driven by the U.S. tariff confusion, and exports to the U.S. advanced 9.1% compared to a 2.3% increase in the first two months to February.
China's indirect exports to the U.S. through the ASEAN bloc surged 11.5%, to Vietnam advanced by 18.9%, and to Thailand soared by 27.8%.
Export of electric vehicles increased 15.9% to 598,000 units, and advanced 1.7% from a year ago to $9.6 billion.
China Indexes and Stocks
The Hang Seng Index jumped 2.3% to 21,406.55, and the mainland-focused CSI 300 index increased 0.4% to 21,406.55.
Alibaba Group Holding increased 5.5% to HK $108.70, Tencent Holdings Ltd. advanced 3.5% to HK $456.80, and Baidu Inc. rose 5.4% to HK $83.15.
Smartphone and electric vehicle makers were in focus after the Trump administration paused tariffs on smartphones, laptops, and memory chips.
BYD rose 4% to HK 377.80, Li Auto advanced 3.3% to HK 93.10, and Xpeng Inc jumped 6.6% to $81.0.
India Movers: Newgen Software, Manorama, Indoco, Onward, Pidilite, Housing & Urban, Coforge
Arun Goswami
14 Apr, 2025
Mumbai
Newgen Software Technologies Ltd. inched higher 3% to ₹878.70 after the software solutions provider reported a 30% rise in its earnings in the latest quarter.
Consolidated revenue advanced to ₹389.5 crore from ₹334.8 crore, after-tax profit increased to ₹89 crore from ₹68.3 crore, and diluted earnings per share rose to ₹6.16 from ₹4.73 a year ago.
Manorama Industries Limited jumped 3.3% to ₹980.20 after the tree-borne oils and forest products maker reported a four-fold increase in earnings in the December quarter.
Consolidated revenue advanced to ₹211.1 crore from ₹102.5 crore, net income jumped to ₹29.5 crore from ₹7.4 crore, and diluted earnings per share rose to ₹4.95 from ₹1.25 a year ago.
Indoco Remedies Ltd. rose 4% to ₹234.20 after the pharmaceutical company swung to a loss in the December quarter.
Consolidated revenue declined to ₹411.4 crore from ₹461.8 crore, after-tax net income swung to a loss of ₹28.4 crore from a profit of ₹15.6 crore, and diluted earnings per share swung to a loss of ₹3.08 from a profit of ₹1.69 a year ago.
Vardhman Textiles Ltd. increased 5.4% to ₹460 after the textile manufacturer reported a 26% rise in its earnings in the latest quarter.
Consolidated revenue increased to ₹2,476.6 crore from ₹2,375.1 crore, after-tax profit jumped to ₹203.6 crore from ₹161.1 crore, and diluted earnings per share rose to ₹7.04 from ₹5.57 a year ago.
Onward Technologies Ltd. advanced 6.4% to ₹231.10 after the software outsourcing company reported a slight increase in revenue and a 12% decline in profit in the December quarter.
Consolidated revenue advanced to ₹124.5 crore from ₹116.9 crore, net income declined to ₹6 crore from ₹6.8 crore, and diluted earnings per share fell to ₹2.63 from ₹2.96 a year ago.
Pidilite Industries Ltd. increased 0.4% to ₹2,949.70 after the chemicals manufacturing reported an increase in revenue and net income in the December quarter.
Consolidated revenue increased to ₹3,424 crore from ₹3,166 crore, after-tax profit rose to ₹557.1 crore from ₹510.9 crore, and diluted earnings per share advanced to ₹10.64 from ₹10.04 a year ago.
Housing & Urban Development Corporation Ltd. increased 1.5% to ₹215.85 after the financial service provider reported a 42% rise in its earnings in the latest quarter.
Consolidated revenue increased to ₹2,770.1 crore from ₹2,022.9 crore, after-tax profit advanced to ₹735 crore from ₹519 crore, and diluted earnings per share rose to ₹3.67 from ₹2.59 a year ago.
Coforge Ltd. rose 0.4% to ₹6,314.05 after the digital services and solutions provider reported a 44% increase in revenue and a marginal decline in net income in the December quarter.
Consolidated revenue advanced to ₹3,377.8 crore from ₹2,338.3 crore, net income fell to ₹249.3 crore from ₹261.2 crore, and diluted earnings per share decreased to ₹31.94 from ₹38.06 a year ago.
Tata Consultancy Services rose 0.4% to ₹3,232.30 after the IT services, consulting, infrastructure, and business solutions provider reported a slight increase in revenue and a marginal decline in net in the March quarter.
Consolidated revenue in the March quarter increased to ₹65,507 crore from ₹62,394 crore, ne income declined to ₹12,293 crore from ₹12,502 crore, and diluted earnings per share fell to ₹33.79 crore from ₹34.37 a year ago.
For the fiscal year 2025, revenue advanced to ₹2,59,286 crore from ₹2,45,315 crore, profit after tax rose to ₹48,797 crore from ₹46,099 crore, and diluted earnings per share soared to ₹134.19 from ₹125.88 a year ago.
The company's board recommended a final dividend of ₹26 per share.
India Movers: Newgen Software, Manorama, Indoco, Onward, Pidilite, Housing & Urban, Nuvoco Vistas, Coforge
Arun Goswami
14 Apr, 2025
Mumbai
Newgen Software Technologies Ltd. inched higher 3% to ₹878.70 after the software solutions provider reported a 30% rise in its earnings in the latest quarter.
Consolidated revenue advanced to ₹389.5 crore from ₹334.8 crore, after-tax profit increased to ₹89 crore from ₹68.3 crore, and diluted earnings per share rose to ₹6.16 from ₹4.73 a year ago.
Manorama Industries Limited jumped 3.3% to ₹980.20 after the tree-borne oils and forest products maker reported a four-fold increase in earnings in the December quarter.
Consolidated revenue advanced to ₹211.1 crore from ₹102.5 crore, net income jumped to ₹29.5 crore from ₹7.4 crore, and diluted earnings per share rose to ₹4.95 from ₹1.25 a year ago.
Indoco Remedies Ltd. rose 4% to ₹234.20 after the pharmaceutical company swung to a loss in the December quarter.
Consolidated revenue declined to ₹411.4 crore from ₹461.8 crore, after-tax net income swung to a loss of ₹28.4 crore from a profit of ₹15.6 crore, and diluted earnings per share swung to a loss of ₹3.08 from a profit of ₹1.69 a year ago.
Vardhman Textiles Ltd. increased 5.4% to ₹460 after the textile manufacturer reported a 26% rise in its earnings in the latest quarter.
Consolidated revenue increased to ₹2,476.6 crore from ₹2,375.1 crore, after-tax profit jumped to ₹203.6 crore from ₹161.1 crore, and diluted earnings per share rose to ₹7.04 from ₹5.57 a year ago.
Onward Technologies Ltd. advanced 6.4% to ₹231.10 after the software outsourcing company reported a slight increase in revenue and a 12% decline in profit in the December quarter.
Consolidated revenue advanced to ₹124.5 crore from ₹116.9 crore, net income declined to ₹6 crore from ₹6.8 crore, and diluted earnings per share fell to ₹2.63 from ₹2.96 a year ago.
Pidilite Industries Ltd. increased 0.4% to ₹2,949.70 after the chemicals manufacturing reported an increase in revenue and net income in the December quarter.
Consolidated revenue increased to ₹3,424 crore from ₹3,166 crore, after-tax profit rose to ₹557.1 crore from ₹510.9 crore, and diluted earnings per share advanced to ₹10.64 from ₹10.04 a year ago.
Housing & Urban Development Corporation Ltd. increased 1.5% to ₹215.85 after the financial service provider reported a 42% rise in its earnings in the latest quarter.
Consolidated revenue increased to ₹2,770.1 crore from ₹2,022.9 crore, after-tax profit advanced to ₹735 crore from ₹519 crore, and diluted earnings per share rose to ₹3.67 from ₹2.59 a year ago.
Coforge Ltd. rose 0.4% to ₹6,314.05 after the digital services and solutions provider reported a 44% increase in revenue and a marginal decline in net income in the December quarter.
Consolidated revenue advanced to ₹3,377.8 crore from ₹2,338.3 crore, net income fell to ₹249.3 crore from ₹261.2 crore, and diluted earnings per share decreased to ₹31.94 from ₹38.06 a year ago.
Wall Street Indexes Register Gains After Wild Swings and Elevated Tariff Fears
Barry Adams
11 Apr, 2025
New York City
Stocks advanced in Friday's trading as investors reviewed the latest developments on the rapidly evolving tariff landscape, and activities in the bond trading and the U.S. dollar garnered attention.
The S&P 500 index edged up 0.2%, and the Nasdaq Composite advanced 0.3% as investors hoped for calmer markets and a lower level of volatility.
As of Thursday's close, the S&P 500 index is up 3.8%, and the tech-heavy Nasdaq Composite advanced 5.1% after a historic market rally on Wednesday pushed indexes higher.
Despite wild swings in markets after the Trump administration announced the halting of country-specific tariffs for 90 days, it kept the base tariff of 10% on all countries, except China.
Moreover, the U.S. slapped additional tariffs on Chinese goods, increasing the total to 145%, prompting Beijing to increase its retaliatory tariff to 125% from 84%.
The rapidly deteriorating trade relations between the two largest economies in the world are fueling market uncertainty and investor anxieties and sharply raising the risk of a global recession and widespread job losses.
Moreover, U.S. consumers are facing resurgent inflation as automobile dealers rush to raise prices between $3,000 and $7,000, food retailers increase prices between 15% and 30%, and electronics and appliance retailers revise prices higher by as much as 70%.
Amazon.com's chief executive, Andy Jess, in a nod to a changing landscape, said that the online retailer will allow sellers to increase their prices.
Commodities, Currencies, Indexes, Yields
The S&P 500 index increased 0.3% to 5,285.49, the Nasdaq Composite edged up 0.5% to 16,474.20, and the Russell 2000 index was down 0.5% to 1,822.66.
The yield on 2-year Treasury notes edged lower to 3.86%, 10-year Treasury notes increased to 4.44%, and 30-year Treasury bonds advanced to 4.88%.
WTI crude oil decreased $0.29 to $59.79 a barrel, and natural gas prices edged lower by $0.11 to $3.44 a thermal unit.
Gold increased by $43.97 to 3,232.20 an ounce, and silver edged up by $0.42 to $31.60.
The dollar index, which weighs the US currency against a basket of foreign currencies, decreased by 1.39 to 99.48, putting the dollar on track for its worst day since 2022, and it is the lowest level since September.
U.S. Movers
JPMorgan Chase advanced 1.3% to $230.08, and the financial service company topped earnings expectations.
The company warned that the U.S. economy is facing "considerable turbulence" amid trade policy uncertainty, resurgent inflation, and a slowdown in economic activities.
Wells Fargo & Company advanced 0.6% to $63.49, and the financial service company reported first quarter results that met investor expectations.
Revenues in the first quarter were $20.12 billion, driven by a decrease of 6% in net interest income of $11.50 billion, and non-interest income increased 1% to $8.65 billion.
In the first quarter, Wells Fargo repurchased 44.5 million of its own shares for $3.5 billion.
Morgan Stanley advanced 0.9% to 107.49, and the investment bank and asset management company's quarterly results surpassed market expectations after equity trading soared 45%.
First quarter revenue jumped 17% to $17.74 billion, and earnings advanced 26% to $4.32 billion, and earnings per share rose to $2.60 per share.
Equity trading revenue jumped 45% to $4.13 billion, fixed-income trading revenue advanced 5% to $2.6 billion, and investment banking fees increased 8% to $1.56 billion.
Wall Street Indexes Register Gains After Wild Swings and Elevated Tariff Fears
Barry Adams
11 Apr, 2025
New York City
Stocks advanced in Friday's trading as investors reviewed the latest developments on the rapidly evolving tariff landscape, and activities in the bond trading and the U.S. dollar garnered attention.
The S&P 500 index edged up 0.2%, and the Nasdaq Composite advanced 0.3% as investors hoped for calmer markets and a lower level of volatility.
As of Thursday's close, the S&P 500 index is up 3.8%, and the tech-heavy Nasdaq Composite advanced 5.1% after a historic market rally on Wednesday pushed indexes higher.
Despite wild swings in markets after the Trump administration announced the halting of country-specific tariffs for 90 days, it kept the base tariff of 10% on all countries, except China.
Moreover, the U.S. slapped additional tariffs on Chinese goods, increasing the total to 145%, prompting Beijing to increase its retaliatory tariff to 125% from 84%.
The rapidly deteriorating trade relations between the two largest economies in the world are fueling market uncertainty and investor anxieties and sharply raising the risk of a global recession and widespread job losses.
Moreover, U.S. consumers are facing resurgent inflation as automobile dealers rush to raise prices between $3,000 and $7,000, food retailers increase prices between 15% and 30%, and electronics and appliance retailers revise prices higher by as much as 70%.
Amazon.com's chief executive, Andy Jess, in a nod to a changing landscape, said that the online retailer will allow sellers to increase their prices.
U.S. Movers
JPMorgan Chase advanced 1.3% to $230.08, and the financial service company topped earnings expectations.
The company warned that the U.S. economy is facing "considerable turbulence" amid trade policy uncertainty, resurgent inflation, and a slowdown in economic activities.
Wells Fargo & Company advanced 0.6% to $63.49, and the financial service company reported first quarter results that met investor expectations.
Revenues in the first quarter were $20.12 billion, driven by a decrease of 6% in net interest income of $11.50 billion, and non-interest income increased 1% to $8.65 billion.
In the first quarter, Wells Fargo repurchased 44.5 million of its own shares for $3.5 billion.
Morgan Stanley advanced 0.9% to 107.49, and the investment bank and asset management company's quarterly results surpassed market expectations after equity trading soared 45%.
First quarter revenue jumped 17% to $17.74 billion, and earnings advanced 26% to $4.32 billion, and earnings per share rose to $2.60 per share.
Equity trading revenue jumped 45% to $4.13 billion, fixed-income trading revenue advanced 5% to $2.6 billion, and investment banking fees increased 8% to $1.56 billion.
Europe Markets Struggle to React to U.S. Trade Policy Driven Turmoil
Bridgette Randall
11 Apr, 2025
London
European markets turned early gains into losses in Friday's trading as the global tariff war intensified between the U.S. and China.
Benchmark indexes in Frankfurt, Paris, Milan, and London declined between 1% and 4% after China retaliated with its own retaliatory tariffs.
China slapped 125% tariffs on U.S. goods after the U.S. imposed a total of 145% tariffs on Chinese goods.
The European Union halted its proposed tariffs for 90 days after the Trump administration paused "reciprocal tariffs" on all imports but continued with the universal tariff of 10%.
The rapidly changing U.S. trade policy is having a chilling effect on international trade, and investors are worried that global recession risks are rising.
Moreover, China-controlled entities are lowering their holdings of U.S. Treasuries, putting upward pressure on yields and downward pressure on the U.S. dollar.
Europe Indexes and Yields
The DAX index increased by 0.7% to 20,709.38, the CAC-40 index edged higher 0.8% to 7,183.20, and the FTSE 100 index advanced by 0.4% to 7,949.80.
The yield on 10-year German bonds inched higher to 2.61%, French bonds increased to 3.39%, the UK gilts moved up to 4.71%, and Italian bonds edged higher to 3.86%.
The euro increased to $1.13; the British pound was higher at $1.30; and the U.S. dollar was lower and traded at 81.64 Swiss cents.
Brent crude increased $0.62 to $63.93 a barrel, and the Dutch TTF natural gas was higher by €0.28 to €33.64 per MWh.
Europe Stock Movers
Flughafen Zuerich AG surged 4.4% to CHF 203.60 after the owner and operator of Zurich airport reported passenger numbers for the month of March.
Zurich Airport handled a total of 2,353,808 passengers in March, an increase of 0.6% compared to the previous year.
The number of local passengers increased by 3.2%, and transfer passengers decreased by 4.4%. The transfer rate, which was at 33.6% last March, is at 31.9% in the month under review.
In March, flight movements increased by 4.4% to 20,930 versus the previous year.
“Total turnover in March was CHF 46.5 million, down 5.4% versus the previous year,” the company said in a release to investors.
The decrease divides into a decline of 1.8% for aircraft-related revenue and a 9.8% fall in revenue related to passengers and cargo, the company added in the statement.
Stellantis NV, the parent company of Fiat, declined 5.3% to €7.55 after vehicle shipments decreased 9% in the first quarter.
Novartis AG gained 1% to CHF 85.55, and the Swiss drugmaker announced its plans to invest $23 billion ahead of the looming tariffs on pharmaceutical imports.
Europe Markets Struggle to React to U.S. Trade Policy Driven Turm
Bridgette Randall
11 Apr, 2025
London
European markets turned early gains into losses in Friday's trading as the global tariff war intensified between the U.S. and China.
Benchmark indexes in Frankfurt, Paris, Milan, and London declined between 1% and 4% after China retaliated with its own retaliatory tariffs.
China slapped 125% tariffs on U.S. goods after the U.S. imposed a total of 145% tariffs on Chinese goods.
The European Union halted its proposed tariffs for 90 days after the Trump administration paused "reciprocal tariffs" on all imports but continued with the universal tariff of 10%.
The rapidly changing U.S. trade policy is having a chilling effect on international trade, and investors are worried that global recession risks are rising.
Moreover, China-controlled entities are lowering their holdings of U.S. Treasuries, putting upward pressure on yields and downward pressure on the U.S. dollar.
Europe Indexes and Yields
The DAX index increased by 0.7% to 20,709.38, the CAC-40 index edged higher 0.8% to 7,183.20, and the FTSE 100 index advanced by 0.4% to 7,949.80.
The yield on 10-year German bonds inched higher to 2.61%, French bonds increased to 3.39%, the UK gilts moved up to 4.71%, and Italian bonds edged higher to 3.86%.
The euro increased to $1.13; the British pound was higher at $1.30; and the U.S. dollar was lower and traded at 81.64 Swiss cents.
Brent crude increased $0.62 to $63.93 a barrel, and the Dutch TTF natural gas was higher by €0.28 to €33.64 per MWh.
Europe Stock Movers
Flughafen Zuerich AG surged 4.4% to CHF 203.60 after the owner and operator of Zurich airport reported passenger numbers for the month of March.
Zurich Airport handled a total of 2,353,808 passengers in March, an increase of 0.6% compared to the previous year.
The number of local passengers increased by 3.2%, and transfer passengers decreased by 4.4%. The transfer rate, which was at 33.6% last March, is at 31.9% in the month under review.
In March, flight movements increased by 4.4% to 20,930 versus the previous year.
“Total turnover in March was CHF 46.5 million, down 5.4% versus the previous year,” the company said in a release to investors.
The decrease divides into a decline of 1.8% for aircraft-related revenue and a 9.8% fall in revenue related to passengers and cargo, the company added in the statement.
Stellantis NV, the parent company of Fiat, declined 5.3% to €7.55 after vehicle shipments decreased 9% in the first quarter.
Novartis AG gained 1% to CHF 85.55, and the Swiss drugmaker announced its plans to invest $23 billion ahead of the looming tariffs on pharmaceutical imports.
U.S. Movers: CarMax
Scott Peters
11 Apr, 2025
New York City
CarMax Inc. dropped 0.2% to $66.30 after the used car retailer reported results for the fiscal fourth quarter of 2025 ending in February.
Revenue increased to $6.00 billion from $5.63 billion, net income surged to $89.87 million from $50.27 million, and diluted earnings per share rose to 58 cents from 32 cents a year ago.
CarMax sold 301,811 retail and wholesale used vehicles in the quarter, an increase of 4.9% from the same period a year ago.
The average price for a car edged up, snapping an eight-quarter streak of declines.
For the quarter to Feb. 28, CarMax said the average selling price for used cars was $26,133, up 0.6% from the same period a year ago.
Wholesale vehicles’ price was up 0.1% to $8,044 in the quarter from $8,034 a year ago.
For the full year, revenue edged down to $26.35 billion from $26.54 billion, net income jumped to $500.5 million from $479.2 million, and diluted earnings per share climbed to $3.21 from $3.02 a year earlier.
The annual price of used vehicles declined 2.8% to $26,273 from $27,028 in 2024, while the annual price of wholesale vehicles edged down 7.9% to $8,019 from $8,707 a year ago.
The company repurchased $98.5 million shares in the fourth quarter, and as of February 28, the car dealer had $1.94 billion remaining available for repurchase under authorization.
Shares of CarMax were headed for their worst day in nearly three years on Thursday, and the used-car retailer said it was putting its long-term goals on hold because of the uncertainty surrounding the economy.
U.S. Movers: CarMax
Scott Peters
11 Apr, 2025
New York City
CarMax Inc. dropped 0.2% to $66.30 after the used car retailer reported results for the fiscal fourth quarter of 2025 ending in February.
Revenue increased to $6.00 billion from $5.63 billion, net income surged to $89.87 million from $50.27 million, and diluted earnings per share rose to 58 cents from 32 cents a year ago.
CarMax sold 301,811 retail and wholesale used vehicles in the quarter, an increase of 4.9% from the same period a year ago.
The average price for a car edged up, snapping an eight-quarter streak of declines.
For the full year, revenue edged down to $26.35 billion from $26.54 billion, net income jumped to $500.5 million from $479.2 million, and diluted earnings per share climbed to $3.21 from $3.02 a year earlier.
The company repurchased $98.5 million shares in the fourth quarter, and as of February 28, the car dealer had $1.94 billion remaining available for repurchase under authorization.
Shares of CarMax were headed for their worst day in nearly three years on Thursday, and the used-car retailer said it was putting its long-term goals on hold because of the uncertainty surrounding the economy.
Europe Movers: Flughafen Zuerich
Inga Muller
11 Apr, 2025
Frankfurt
Flughafen Zuerich AG surged 4.4% to CHF 203.60 after the owner and operator of Zurich airport reported passenger numbers for the month of March.
A total of 2,353,808 passengers were handled at Zurich Airport in March, an increase of 0.6% compared to the previous year.
The number of local passengers increased by 3.2%, and transfer passengers decreased by 4.4%.
The transfer rate, which was at 33.6% last March, is at 31.9% in the month under review.
In March, flight movements increased by 4.4% to 20,930 versus the previous year.
“Total turnover in March was CHF 46.5 million, down 5.4% versus the previous year,” the company said in a release to investors.
The decrease divides into 1.8% fall in the airside revenue and a decline in 9.8% for landside, the company added in the statement.
Europe Movers: Flughafen Zuerich
Inga Muller
11 Apr, 2025
Frankfurt
Flughafen Zuerich AG surged 4.4% to CHF 203.60 after the owner and operator of Zurich airport reported passenger numbers for the month of March.
A total of 2,353,808 passengers were handled at Zurich Airport in March, an increase of 0.6% compared to the previous year.
The number of local passengers increased by 3.2%, and transfer passengers decreased by 4.4%.
The transfer rate, which was at 33.6% last March, is at 31.9% in the month under review.
In March, flight movements increased by 4.4% to 20,930 versus the previous year.
“Total turnover in March was CHF 46.5 million, down 5.4% versus the previous year,” the company said in a release to investors.
“The decrease divides into -1.8% for airside and -9.8% for landside,” the company added in the statement.
Tokyo Stocks Gyrate Tracking Volatile Wall Street Indexes
Akira Ito
11 Apr, 2025
Tokyo
Stock market indexes in Tokyo fell sharply in Friday's trading and erased the previous session's gains.
The Nikkei 225 Stock Average fell nearly 3%, and the broader TOPX index decreased 3% as trade tensions between the U.S. and China rose to a new high.
The U.S. paused the so-called reciprocal tariffs on imports from all countries for 90 days but imposed additional tariffs totaling 145% on shipments from China.
Meanwhile, the Trump administration retained a universal tariff of 10% on all imports and 25% tariffs on shipments from Canada and Mexico.
The rapidly deteriorating situation between the U.S. and China raised the prospects of a global recession and a sharp reduction in growth in international trade.
Investors are hoping that Japan's trade negotiations with the U.S. will improve trade relations and lower the proposed reciprocal tariffs.
However, uncertainty linked to the U.S. trade policy and rising risks of the U.S. recession weighed on the market sentiment.
Japan Indexes and Stocks
The Nikkei 225 Stock Average declined 2.8% to 33,627.97, and TOPIX dropped 2.7% to 2,470.17.
Mitsubishi UFJ Financial Group declined 3.5% to ¥1,653.00, and Sumitomo Mitsui Financial Group dropped 4% to ¥3,083.00.
Seven & I Holdings dropped 4% to ¥1,968.00, Fast Retailing Company fell 2.2% to ¥45,480.0, and Takashimaya Co. Ltd. declined 1.8% to ¥1,108.50.
Toyota Motor Company fell 4.8% to ¥2,420.0, Honda Motor Company fell 2.5% to ¥1,315.00, and Nissan Motor Company dropped 6.2% to ¥318.40.
Tokyo Stocks Gyrate Tracking Volatile Wall Street Ind
Akira Ito
11 Apr, 2025
Tokyo
Stock market indexes in Tokyo fell sharply in Friday's trading and erased the previous session's gains.
The Nikkei 225 Stock Average fell nearly 3%, and the broader TOPX index decreased 3% as trade tensions between the U.S. and China rose to a new high.
The U.S. paused the so-called reciprocal tariffs on imports from all countries for 90 days but imposed additional tariffs totaling 145% on shipments from China.
Meanwhile, the Trump administration retained a universal tariff of 10% on all imports and 25% tariffs on shipments from Canada and Mexico.
The rapidly deteriorating situation between the U.S. and China raised the prospects of a global recession and a sharp reduction in growth in international trade.
Investors are hoping that Japan's trade negotiations with the U.S. will improve trade relations and lower the proposed reciprocal tariffs.
However, uncertainty linked to the U.S. trade policy and rising risks of the U.S. recession weighed on the market sentiment.
Japan Indexes and Stocks
The Nikkei 225 Stock Average declined 2.8% to 33,627.97, and TOPIX dropped 2.7% to 2,470.17.
Mitsubishi UFJ Financial Group declined 3.5% to ¥1,653.00, and Sumitomo Mitsui Financial Group dropped 4% to ¥3,083.00.
Seven & I Holdings dropped 4% to ¥1,968.00, Fast Retailing Company fell 2.2% to ¥45,480.0, and Takashimaya Co. Ltd. declined 1.8% to ¥1,108.50.
Toyota Motor Company fell 4.8% to ¥2,420.0, Honda Motor Company fell 2.5% to ¥1,315.00, and Nissan Motor Company dropped 6.2% to ¥318.40.
China Indexes Remain Under Pressure Amid Rapidly Deteriorating U.S.-China Relations
Li Chen
11 Apr, 2025
Hong Kong
Stocks in China and Hong Kong extended their weekly losses amid rapidly escalating trade tensions between the U.S. and China.
The Hang Seng index fell as much as 0.9% but recovered in the final hour of trading, and the CSI 300 index rebounded from a loss of 0.5%.
For the week to Thursday, the Hang Seng index fell 10%, the largest weekly decline since the fall of 13.3% in the final week of October 2008, and the index extended its losses to the fifth consecutive week.
Chinese market indexes slumped after the U.S. president announced stiff tariffs on imports from all countries and levied its maximum import tax on Chinese goods.
Earlier in the week, the Trump administration paused so-called reciprocal tariffs on all countries but ramped up cumulative tariffs on China to 145%, prompting Beijing to announce its retaliatory tariffs of 84%.
China is set to announce additional tariffs on U.S. goods and raise barriers for U.S. service providers amid rapidly deteriorating relationships between the two largest economies in the world.
In addition, China-controlled entities stepped up their purchase of equities, and more than 100 companies announced stock buybacks totaling $2.7 billion.
China Indexes and Stocks
The Hang Seng index advanced 0.9% to 20,865.32, and the mainland-focused CSI 300 index added 0.2% to 3,740.38.
Alibaba Group Holding edged up 0.6% to HK 3,740.36, Tencent Holdings advanced 1.4% to HK 3,740.36, and Baidu Inc. added 1.5% to HK 80.75.
BYD gained 6.7% to HK 368.60, Li Auto Inc. jumped 7.5% to HK 91.45, and Xpeng advanced 9.4% to HK 77.90.