Cyberattacks against accounting software firm Wolters Kluwer and the City of Baltimore in May showed how the newest wave of malicious hacking can have significant, often...Technologyread more
The European parliamentary election is the second largest democratic exercise in the world.Europe Newsread more
Biden had criticized Kim Jong Un as a "dictator" and a "tyrant" at a recent rally in Philadelphia. North Korean state media responded by calling Biden a "fool of low IQ" among...Politicsread more
Buybacks have gotten a bad rap from both Republicans and Democrats. But stocks would be trading at a massive discount without them.Marketsread more
Microsoft shares have gained 133% since November 2015, outperforming a tech "basket of unicorns" over that stretch.Technologyread more
The president's state visit comes amid tensions with carmaker Toyota over potential auto tariffs. Trump has repeatedly threatened Japanese and European carmakers with tariffs.Traderead more
The IRS is about to release a new draft of Form W-4, which will more closely reflect the changes stemming from the Tax Cuts and Jobs Act. For workers, that means they'll need...Personal Financeread more
The Mega Millions jackpot has spilled over $400 million. It would be the ninth largest winning since the game began in 2002.Personal Financeread more
Trump was speaking at a meeting of Japanese business leaders in Tokyo during his state visit to Japan on Saturday.Marketsread more
The biggest U.S. gasoline price surge in years is running out of steam just in time for the start of the summer driving season.Energyread more
When commercial real estate investor Manny Khoshbin spent $2.2 million on the fastest production car in the world, he had no idea it would very quickly also become the...Autosread more
Most Asian markets closed lower on Friday despite China manufacturing activity beating expectations, as select tech shares around the region sold off.
Japan's Nikkei 225 dropped 0.92 percent or 186.87 points to close at 20,033.43 after trading below the 20,000 level earlier in the session.
Markets in greater China traded lower as President Xi Jinping visited Hong Kong ahead of the twentieth anniversary of the Hong Kong handover. Hong Kong's declined 0.7 percent. On the mainland, the Shanghai Composite finished higher by 0.09 percent or 3.0015 points at 3,191.064 and the Shenzhen Composite ended up 0.286 percent or 5.4174 points at 1,897.6866.
Indonesian markets remained closed today.
In economic news, China's manufacturing activity accelerated more than expected in June, suggesting the world's second-largest economy continued to confound expectations for a slowdown. The official manufacturing PMI rose to 51.7, compared with the 51.0 forecast in a Reuters poll.
The Australian dollar, which is sensitive to Chinese economic data, climbed for a third straight session to trade at $0.7672 at 3:45 p.m. HK/SIN, trading as high as $0.7712 following the news. The rise in the Aussie also comes on the back of a rally in iron ore prices, which have increased for three straight sessions.
The yuan strengthened against the dollar for the fourth consecutive session and is set for its best week since 2005, Reuters said. The on-shore yuan traded at 6.7805 to the dollar at 4:00 p.m. HK/SIN. In the offshore market, the yuan traded at 6.7790 to the dollar.
The People's Bank of China had set the yuan midpoint at 6.7744 per dollar before the market open. Reuters reported that this was its strongest level since Nov. 7, 2016.
Japan core CPI for the month of May rose 0.4 percent on year, in line with expectations. May industrial production figures reflected a fall of 3.3 percent, compared with the previous month, Reuters reported.
India's new goods and services tax (GST) was set to take effect on July 1. While the GST is expected to boost the government's coffers, it has faced its fair share of criticism.
Vishnu Varathan, head of economics and strategy at Mizuho Bank, told CNBC that businesses are expected to face pain in the short-term as they have to deal with the complex "multi-layering of taxes." While the tax system has been simplified across states, the government will have to adapt to a consumption-based, rather than production-based, tax system, Varathan added.
In other currency news, the dollar hit a fourteen-month low against the euro overnight. The common currency edged down from a session high of $1.1445 to fetch $1.1407 at 3:47 p.m. HK/SIN.
The dollar's weakness stems from market anticipation that other central banks, such as the European Central Bank and the Bank of Canada, could be turning hawkish, which would diminish any yield advantage the dollar might receive from the U.S. Federal Reserve's hiking cycle.
"International markets continued to adjust for a 2018 outlook where other central banks join the Fed in gradually reducing monetary stimulus," CMC Markets Chief Market Analyst Ric Spooner said in a Friday morning note.
The dollar index, which measures the greenback against a basket of currencies, inched higher from nine-month lows to trade at 95.711, compared with the 97 handle seen earlier in the week.
Bond yields rose slightly, with the benchmark 10-year Treasury yield last trading close to 2.29 percent. The 10-year yield had traded around 2.15 percent earlier this week.
"Yield curves pushed higher and steeper again overnight, with the U.K. and German markets leading the move," said ANZ Economist Daniel Gradwell in a Friday morning note. The moves came after consumer inflation in Germany for June came in above expectations.
In the U.S., equities closed lower after a fall in technology stocks canceled out gains from financial names.
— Reuters and CNBC's Leslie Shaffer contributed to this report.