Hong Kong stocks fell 197 points, or 0.8%, to 26,282 in Friday's morning session, retreating after their biggest one-day gain since mid-August amid caution ahead of China's October trade data. Exports are expected to slow sharply after months of front-loading to avoid U.S. tariffs, while imports likely stay weak amid fragile consumer sentiment. Attention also turned to October Chinese CPI and PPI data due over the weekend, with deflation risks still a concern. On Wall Street, stocks declined overnight as renewed tech weakness and worries over the prolonged U.S. government shutdown hit...
The Nikkei closed lower on Friday (November 7), down around 1.4% to 50,186.27 as the yen strengthened and global technology stocks continued to be under pressure. Semiconductor-related stocks led the decline: Renesas -3.9%, Advantest -6.1%, while SoftBank Group slumped 7.3%. In the forex market, USD/JPY weakened to around 152.95 from 153.87, weighing on the outlook for Japanese exporters and adding to sentiment. From a fundamental perspective, global risk-off due to concerns about AI valuations and signs of a weakening US job market have kept investors on the defensive. Domestic focus is on...
European markets opened higher on Friday (November 7th), recovering some of the previous session's losses amid concerns about an AI bubble. The pan-European Stoxx 600 index rose 0.2% in early trading. France's CAC index rose 0.27%, Italy's FTSE MIB rose 0.4%, and Germany's DAX rose 0.4%. However, the UK's FTSE 100 reversed course and traded 0.2% lower. (alg) Source: CNBC