The Nikkei 225 index rose 1.14% to close at 49,865 on Wednesday, recovering losses from earlier in the week and tracking gains on Wall Street. This rise was driven by expectations that the US Federal Reserve will cut interest rates again, boosting investor risk appetite. However, Japanese market participants remained cautious amid speculation that the Bank of Japan could raise interest rates this month. BOJ Governor Kazuo Ueda stated that the central bank is still weighing the positive and negative impacts before making a decision. The technology sector was the driving force behind the...
The Nikkei 225 Index rose 1.14% to close at 49,865 on Wednesday, recouping losses from earlier in the week and following gains on Wall Street amid expectations of further US Federal Reserve rate cuts. Risk appetite also improved as investors weighed the potential for a year-end rally in global equities. At home, caution persisted as markets assessed speculation that the Bank of Japan could raise rates this month. BOJ Governor Kazuo Ueda said the central bank would consider the pros and cons of a hike and act "as appropriate." Technology stocks led the advance, with strong gains from...
The Hang Seng tumbled 334 points, or 1.3%, to end at 25,761 on Wednesday, snapping a two-day rise as all sectors fell. Sentiment soured after a private survey showed China's services activity grew the least in five months in November, adding to pressure from deepening financial woes at property giant Vanke. The property sector led losses, down 1.6%, after Fitch placed Vanke on "Rating Watch Negative" and downgraded its subsidiary's notes. Financials, tech, and consumer stocks also retreated amid fading hopes for new stimulus before year-end. Still, the downside was limited by a Reuters...