Japan stocks were higher after the close on Monday, as gains in the Real Estate, Banking and Textile sectors led shares higher. At the close in Tokyo, the Nikkei 225 gained 0.35%. The best performers of the session on the Nikkei 225 were Shin-Etsu Chemical Co., Ltd. (TYO:4063), which rose 6.60% or 267.00 points to trade at 4,313.00 at the close. Meanwhile, Keisei Electric Railway Co., Ltd. (TYO:9009) added 4.77% or 68.50 points to end at 1,505.50 and Hitachi Construction Machinery Co (TYO:6305) was up 4.32% or 176.00 points to 4,252.00 in late trade. The worst performers of the session...
The Hang Seng finished flat at around 21,981 on Monday, as traders digested a key press briefing in China following Friday's Politburo meeting. Officials promised to support exporters and workers affected by U.S. tariffs while preparing contingency plans for the broader Chinese economy. The muted session followed modest losses in early trade, with strength in financials and tech offsetting weakness in property and consumers, after Beijing refrained from rolling out fresh stimulus, indicating that further actions would be launched as the situation evolves. Meanwhile, U.S. futures fell...
The three major averages in the US kickstarted the week in the green with the S&P adding around 0.3%, Dow Jones adding 200 points and the Nasdaq swinging between small gains and losses, amid a confluence of earnings optimism, softer borrowing costs and manageable commodity prices provided support. Anticipation of upside surprises from mega cap tech names—Microsoft, Apple and Amazon are widely expected to report strong top- and bottom-line beats alongside aggressive share-buyback and dividend plans—helped offset lingering trade-war jitters following conflicting U.S. and Chinese...