AW2025 Beijing Fashion Week Concludes

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AW2025 Beijing Fashion Week Concludes

2025-03-31 13:22 Last Updated At：13:31

BEIJING--(BUSINESS WIRE)--Mar 31, 2025--

AW2025 Beijing Fashion Week concluded in the evening with a grand show conceptualized by independent French designer Irakli Nasidzé. The show integrates pioneering philosophy and top craftsmanship. The runway was decorated by bronze and sancai artifacts created by Irakli and Qiao Qi, a Chinese artist living in France. The artifacts transformed the runway into a living museum for models.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250328357272/en/

AW2025 was a great event for famous brands and designers from China, France, Italy, Korea, and Georgia. The KIDS WEAR sector also debuted in the event. For the first time, 50 Beijing shopping malls worked with Beijing Fashion Week, rolled out sales promotions, and jointly built a sustainable “Fashion Week” mode. Virtual fashion designers and artists integrated fashion and technology, and redefined the boundaries of the industry.

The year 2025 marks the 10 th anniversary of Beijing Fashion Week. Based on innovation and joint efforts, the event will boost Beijing’s fashion industry, build Beijing into a city of fashion, and accelerate China’s fashion industry.

US stocks gain ground as Wall Street heads for the finish of a big winning week

2025-05-17 02:09 Last Updated At：02:10

NEW YORK (AP) — Wall Street is heading toward the finish of a strong week as U.S. stocks rise on Friday close to the all-time high they set just a few months earlier, though it may feel like an economic era ago.

The S&P 500 was up 0.4% in afternoon trading and potentially heading for a fifth straight gain. It’s on track for a 5% rise for the week, which would be its third winning week in the last four, as hopes build that President Donald Trump will lower his tariffs against other countries after reaching trade deals with them. Such hopes have driven the S&P 500 back within 3.3% of its record set in February after it briefly dropped roughly 20% below the mark last month.

The Dow Jones Industrial Average was up 208 points, or 0.5%, as of 1:57 p.m. Eastern time, and the Nasdaq composite was 0.3% higher.

Trump’s trade war had sent financial markets reeling worldwide because of twin dangers. On one hand, tariffs could slow the economy and drive it into a recession. On the other, tariffs could push inflation higher.

But this week featured some encouraging news on both fronts. The United States and China announced a 90-day stand-down in most of their punishing tariffs against each other, while a couple reports on inflation in the United States came in better than economists expected.

It was “a week to remember,” according to economists at Bank of America led by Claudio Irigoyen and Antonio Gabriel. But they also said they're not expecting a significant drop in volatility, and they're not changing big-picture forecasts.

“There is still huge uncertainty regarding the impact of tariffs on economic activity and inflation,” they said in a BofA Global Research report.

That uncertainty has been hitting U.S. households and businesses, raising worries that they may freeze their spending and long-term plans in response, which would hurt the economy. The latest reading in a survey of U.S. consumers by the University of Michigan showed sentiment soured again in May, though the pace of decline wasn't as bad as in prior months.

Perhaps more worryingly, expectations for coming inflation keep building, and U.S. consumers are now bracing for 7.3% in the next 12 months, according to the University of Michigan's preliminary survey results. That's up from a forecast of 6.5% a month before.

When everyone expects inflation to be high, it could kick off a vicious cycle of behavior that only worsens inflation.

To be sure, only some of the University of Michigan's survey responses for the preliminary May reading came after the United States and China announced their 90-day truce.

On Wall Street, Charter Communications rose 1.6% after it said it agreed to merge with Cox Communications in a deal that would combine two of the country’s largest cable companies. The resulting company will change its name to Cox Communications and keep Charter’s headquarters in Stamford, Connecticut.

Novo Nordisk’s stock that trades in the United States fell 2.9% after the Danish company behind the Wegovy drug for weight loss said that Lars Fruergaard Jørgensen will step down as CEO and that the board is looking for his successor. The company cited “recent market challenges” and how the stock has been performing recently.

In the bond market, Treasury yields were mixed. The yield on the 10-year Treasury fell to 4.44% from 4.45% late Thursday and from more than 4.50% the day before that. Lower bond yields can encourage investors to pay higher prices for stocks and other investments.

The two-year Treasury yield, which more closely tracks expectations for action by the Federal Reserve, rose to 3.98% from 3.96%. It had been as low as 3.93% earlier in the morning, before the release of the University of Michigan's survey.

Hope remains that this week’s better-than-expected signals on inflation could give the Federal Reserve more leeway to cut interest rates later this year if high tariffs drag down the U.S. economy.

In stock markets abroad, indexes were mixed in Asia and higher in Europe.

Tokyo’s Nikkei 225 inched down by less than 0.1% after the government reported that Japan’s economy contracted at a faster rate than expected in the first quarter of the year.

AP Writers Jiang Junzhe and Matt Ott contributed.