President Vladimir Putin said he is willing to discuss ending Russia's war in Ukraine, despite rejecting changes sought by Kyiv and Europe to the U.S. peace plan drafted with Moscow. Putin said he has "practically agreed" to the proposals to end the war outlined in summit talks with U.S. President Donald Trump in Alaska in August. "To say that we reject something is simply incorrect and has no basis in fact," he said Friday at his annual televised press conference in Moscow. "This issue is entirely on the side of our Western opponents, so to speak, primarily the leaders" of Ukraine and...
The Hang Seng inched up 33 points or 0.1% to finish at 25,928 on Wednesday, marking a third straight session of gain amid a rise in U.S. futures as recent economic data bolstered expectations of a Fed rate cut in December. Most sectors in the city advanced, led by property and financials, even as mainland markets eased ahead of industrial profit figures due Thursday. Locally, Hong Kong's exports held near a four-year high in October, while imports saw their strongest growth in five months. On the corporate front, Alibaba reported stronger-than-expected quarterly revenue, supported by rising...
Japanese stocks rose on Wednesday as artificial intelligence (AI)-related stocks rallied and hopes for a US interest rate cut grew. The Topix index rose 2% to 3,355.50 as of 3:30 p.m. Tokyo time, while the Nikkei 225 gained 1.8% to 49,559.07. Of the 1,668 stocks on the Topix index, 1,471 rose, only 166 fell, and 31 remained unchanged. The positive sentiment was largely driven by comments from Fed Governor Christopher Waller, who supported a December interest rate cut. This statement fueled speculation that borrowing costs in the US would fall, making the global investment climate more...
European stocks are expected to open higher across the spectrum as expectations rise that the U.S. Federal Reserve will cut interest rates in December. The U.K.'s FTSE index is seen opening 0.25% higher, Germany's DAX up 0.7%, France's CAC 40 up 0.67% and Italy's FTSE MIB 0.64% higher, according to data from IG. Regional bourses look set to follow their counterparts on Wall Street and in the Asia-Pacific region higher amid expectations that the Fed will cut when it next meets on Dec. 9 and 10. Markets are pricing in almost an 85% chance of a quarter percentage point cut by the central...
Hong Kong stocks rose again for a third straight day on Wednesday, approaching their longest winning streak in two weeks. The Hang Seng Index rose 0.6% to 26,039.99, supported by tech stocks such as Meituan, which surged 6.6% ahead of its earnings release, ZTO Express (up 3.5%), BYD (up 2.7%), and JD.com (up 1.8%). Meanwhile, Alibaba edged down 0.1% after its September-quarter profit plunged 52% year-on-year, although the decline was still better than market expectations. Positive sentiment also spread to mainland China, with the CSI 300 index rising 0.5% and the Shanghai Composite Index...
Asian stock markets continued their rally for a third day, tracking gains on Wall Street. Indexes in Japan, South Korea, and Australia opened higher after the S&P 500 rose 0.9% and the Nasdaq 100 gained 0.6%. Meanwhile, markets also focused on Chinese stocks after Alibaba weakened in US trading following its earnings report. This positive sentiment arose after US consumer confidence data for November fell sharply and retail sales rose only slightly. The data signaled that consumer spending was beginning to slow after several months of strong demand, reinforcing market expectations that...
Asian stock markets fell in unison on Thursday, following Wall Street's decline. A brief rally in tech stocks led by Nvidia quickly faded, prompting investors to turn away from riskier assets like...
Pasangan mata uang EUR/USD mengawali pekan ini dengan nada sedikit melemah di sesi Asia, diperdagangkan di sekitar 1,1730, turun kurang dari 0,10% dalam sehari. Meski terkoreksi, euro masih berada...
President Vladimir Putin said he is willing to discuss ending Russia's war in Ukraine, despite rejecting changes sought by Kyiv and Europe to the U.S. peace plan drafted with Moscow.
Putin said he...