Japanese stocks fell after the close on Thursday, as losses in the Insurance, Financial Services and Mining sectors led shares lower. At the close in Tokyo, the Nikkei 225 was down 0.87%. The best performers on the Nikkei 225 were Chugai Pharmaceutical Co., Ltd. (TYO:4519), which rose 3.53% or 237.00 points to trade at 6,954.00 at the close. Meanwhile, DIC Corp. (TYO:4631) gained 2.77% or 95.00 points to close at 3,520.00 and Nintendo Co Ltd. (TYO:7974) gained 2.43% or 216.00 points to 9,119.00 in late trade. The worst performers on the session were Kawasaki Kisen Kaisha, Ltd. (TYO:9107),...
The Hang Seng fell 39 points, or 0.2%, to 19,241 on Thursday (1/9) after trading slightly higher in the morning, with losses in the financial and property sectors. The market ended lower for a fourth straight session after fresh data showed China's annual inflation rate hit a nine-month low of 0.1% in December while deflation in manufacturers continued for a 27th month. Cautious traders also digested details about Beijing's expanded consumer trade-in scheme amid drag from the property sector. Meanwhile, U.S. futures plunged, on growing concerns that there may be fewer interest rate cuts...
European stocks edged higher, with the STOXX 50 rising 0.2% and the STOXX 600 up 0.4%, recovering from earlier declines. Mining stocks led gains, rising 1.5%, while retail stocks trimmed losses to end 0.8% lower. Bavarian Nordic shares jumped 4.8% after announcing a DKK 150 million ($20.7 million) share buyback. Meanwhile, Danish shipping giant Moller-Maersk dropped 5.8% following a tentative US dockworkers' labor deal that eased strike fears, triggering a sell-off in shipping stocks. Stabilizing US Treasury yields and European borrowing costs brought some relief to markets, but concerns...