Japanese stocks fell after the close on Tuesday (1/28), as losses in the Nonmetallic Minerals, Communications and Electrical/Machinery sectors led shares lower. At the close in Tokyo, the Nikkei 225 was down 1.43%. The best performers on the Nikkei 225 were Sumitomo Realty & Development Co. (TYO:8830), which rose 5.12% or 263.00 points to trade at 5,395.00 at the close. Meanwhile, Nintendo Co Ltd (TYO:7974) rose 4.67% or 457.00 points to close at 10,250.00 and Oriental Land Co Ltd (TYO:4661) gained 4.14% or 146.00 points to 3,675.00 in late trade. The worst performers on the session...
The Hang Seng closed 0.14% higher at 20,225 on Tuesday (1/28) in a half-day session ahead of the Lunar New Year celebrations. The index marked its third straight session of gains, largely supported by technology advances and consumer spending. Traders were closely following developments on Chinese startup DeepSeek's affordable AI model, as its emergence raised concerns about U.S. dominance in the tech sector. China Vanke Co. jumped 2.1% after overhauling its management, following assurances from Chinese authorities to support the troubled builder. Xiaomi Corp. ended at a record high, jumping...
Europe's major bourses tried to recover on Tuesday, with the STOXX 50 trading flat to higher and the STOXX 600 up 0.2%, following losses in the previous session, which were driven by concerns over rising AI competition from China that sparked a selloff in the tech sector. ASML Holding rose 0.5%, after dropping 7.5% on Monday, and Infineon rose 0.1%, after dropping 2%. Meanwhile, investors also turned their attention to corporate earnings. SAP shares rose about 2% after the company revised its operating profit outlook higher to €10.6 billion and said it met or exceeded all of its 2024...