The Japanese stock market opened lower at the start of this week. The Nikkei 225 index fell 0.8% to 45,009.28, dragged down by a sell-off in high-dividend stocks that began trading ex-dividend today. The greatest pressure came from Komatsu, which fell 3.8%, Kawasaki Kisen, which fell 4%, and Dai-ichi Life, which fell 3.3%. This decline is quite common when large stocks pass their ex-dividend date, as investors targeting dividends have already exited their positions. However, the weakness was felt more deeply because dividend stocks typically carry a large weighting in the index. In terms...
The Hang Seng Index opened higher, gaining 193 points to reach 26,321, and is currently up 313 points or 1.2%, standing at 26,442. The China Enterprises Index rose by 89 points or 0.95% to 9,392, while the Tech Index increased by 86 points or 1.4%, reaching 6,281. The main board recorded a turnover of HK$82 billion. Technology stocks saw broad-based gains. Tencent climbed 1.9%, Alibaba surged 2.8%, and Meituan rose 1.7%. However, Xiaomi Group slipped slightly by 0.4%. JD.com advanced 2.1%, and Kuaishou experienced the largest gain in the sector, rising 3.2%. Financial stocks also performed...
The Nikkei 225 Index fell 0.69% to 45,044 while the broader Topix Index sank 1.74% to 3,132 on Monday, extending losses for a second day as many Japanese stocks traded ex-dividend and investors braced for a heavy data calendar that could clarify the economic outlook. Key releases include the Tankan business sentiment survey, consumer confidence, industrial production, retail sales and the latest Bank of Japan Summary of Opinions. Minutes from the BOJ's July meeting indicated policymakers remain open to further tightening if growth and inflation trend as expected. Financial and consumer...