The Nikkei 225 index rose 0.2% to 37,600 while the broader Topix index gained 0.4% to 2,744 on Monday, with Japanese shares hitting a six-week high as the U.S. cited "substantial progress" in trade talks with China over the weekend in Switzerland. The U.S. highlighted efforts to reduce its trade deficit, while Chinese leaders confirmed a "significant consensus" had been reached. However, U.S. Commerce Secretary Howard Lutnick noted that the 10% base tariff on other countries is expected to remain in place "for the foreseeable future." Investors are also keeping an eye on ongoing trade talks...
Hong Kong stocks jumped 322 points, or 1.4%, to 23,188 on Monday morning, marking their eighth straight session of gains and hitting a 1-1/2-month high. The rally followed a strong surge in U.S. stock futures amid signs of progress in U.S.-China trade talks over the weekend. Washington has highlighted progress toward a deal while Beijing has confirmed both sides have agreed to start formal negotiations. Investor sentiment was further boosted by easing geopolitical tensions, including a fragile ceasefire between India and Pakistan and Ukrainian President Zelenskiy's openness to meeting...
Japanese stocks rose after the close on Monday (5/12), as gains in the Real Estate, Banking and Textile sectors helped stocks advance. At the close in Tokyo, the Nikkei 225 was up 0.42%. The best performers on the Nikkei 225 were Advantest Corp. (TYO:6857), which rose 9.04% or 605.00 points to trade at 7,300.00 at the close. Meanwhile, Pacific Metals Co., Ltd. (TYO:5541) rose 7.30% or 116.00 points to close at 1,704.00 and Yaskawa Electric Corp. (TYO:6506) gained 6.79% or 205.00 points to 3,226.00 at the close. The worst performers on the session were DeNA Co Ltd (TYO:2432), which fell...