Hong Kong stocks rose 55 points, or 0.2%, to 26,210 in early trading on Tuesday (November 4), posting a second consecutive session of gains. Market sentiment was boosted by positive comments from Chief Executive John Lee, who revealed that Hong Kong had recorded 80 initial public offerings (IPOs) in the first ten months of 2025, underscoring the strength of the city's capital market. Furthermore, Chinese Vice President He Lifeng expressed hope for increased economic and financial cooperation between Hong Kong and mainland China, further strengthening Hong Kong's position as a global...
Japanese stocks closed lower on Tuesday, with the Nikkei Index falling 1.7% to 51,497.20 and the Topix Index down 0.7% to 3,310.14. Profit-taking in previously outperforming stocks, particularly those related to the artificial intelligence (AI) sector, was the main factor in the decline. SoftBank Group and Advantest both fell more than 5% after posting sharp gains this year. "Stocks have been rising very quickly, so it's not surprising that we're seeing repositioning," said Hiroshi Namioka, chief strategist at T&D Asset Management. The strengthening yen against the dollar also put...
European stocks opened in negative territory on Tuesday (November 4), reversing the positive sentiment seen at the start of the new trading month. The pan-European Stoxx 600 index was trading more than 1.1% lower at 8:05 a.m. (3:05 a.m. ET). The UK's FTSE 500 index opened nearly 0.7% lower, while Germany's DAX fell 1.5%, France's CAC 40 fell 1.4%, and Italy's FTSE MIB fell 1.1%. European stocks opened the new trading week—and the month—on a positive note ahead of a busy week of central bank decisions and earnings reports; on Tuesday, we'll get third-quarter results from BP, Philips,...