WTI crude oil futures climbed 1.3% to $61.7 per barrel on Monday after OPEC+ agreed to a smaller-than-expected production increase, easing fears of a major supply surge. The group, which includes Saudi Arabia and Russia, said it would raise output by just 137K barrels per day in November matching October's increase despite earlier reports suggesting a much larger boost. The restrained move came amid diverging views within the alliance, with Moscow favoring a modest rise to protect prices and Riyadh pushing for a more aggressive expansion to reclaim market share. Prices were further...
The Hang Seng slumped 561 points or 2.4% to end at an almost 2-week low of 23,344 on Tuesday, reversing gains from a day earlier amid broad-based losses. Traders booked profits ahead of quarter-end, as earnings reports and Beijing's latest stimulus had largely been priced in. The tech index tumbled 3.8%, with Xiaomi sinking 6.1% after planning to raise up to $5.27 billion through a share sale. Alibaba fell almost 4% after warning of rising data center costs, while Sunny Optical plunged 9.9% on concerns over a capacity glut. Consumer and financial stocks also declined, bucking a broader...
Japanese stocks rose after the close on Tuesday (3/25), as gains in the Electric Power, Rubber and Chemicals, Oil & Plastics sectors helped stocks advance. At the close in Tokyo, the Nikkei 225 was up 0.52%. The best performers on the Nikkei 225 were Nexon Co Ltd (TYO:3659), which rose 9.02% or 185.00 points to trade at 2,236.00 at the close. Meanwhile, Mitsubishi Estate Co Ltd (TYO:8802) rose 4.81% or 119.00 points to close at 2,593.00 and DeNA Co Ltd (TYO:2432) gained 3.71% or 130.00 points to 3,635.00 at the close. The worst performers on the session were Advantest Corp....
Hong Kong stocks plunged 487 points, or 2.0%, to 23,417 on Tuesday morning, reversing gains from the previous session amid concerns over the risk of a U.S. recession and the threat of Chinese deflation. Meanwhile, S&P Global warned that Beijing's stimulus efforts may not fully offset the impact of new U.S. tariffs amid slowing growth. Separately, U.S. stock futures slumped after Fed's Bostic projected just one interest rate cut this year, citing rising inflation on tariff concerns. To limit further losses, China's government has promised more proactive macro policies this year....
Asia-Pasifik Naik Setelah Wall Street Menguat karena Ekspektasi Tarif Trump yang Lebih Rendah Asia-Pacific markets rose Tuesday as Wall Street gained overnight on hopes that U.S. President Donald Trump's tariffs could be be softer than expected. Australia's S&P/ASX 200 climbed 0.52%. The country's budget will be tabled by Treasurer Jim Chalmers later in the day. Japan's benchmark Nikkei 225 gained 0.80%, while the broader Topix index increased 0.26%. Over in South Korea, the Kospi index advanced 0.17% while the small-cap Kosdaq added 0.13%. Mainland China's CSI 300 traded flat while...
The Nikkei 225 surged 1.3% above 38,000, while the broader Topix Index climbed 0.7% to 2,810 on Tuesday, with the latter approaching an eight-month high. The rally followed Wall Street's overnight gains, fueled by optimism that US President Donald Trump may take a more selective approach to tariffs. Japanese stocks also benefited from a weakening yen, which boosts the outlook for export-driven industries and makes local assets more attractive to foreign investors. Meanwhile, minutes from the Bank of Japan's January meeting indicated that policymakers remain open to further interest rate...
Asia-Pacific markets rose on Tuesday as Wall Street rallied overnight on hopes that U.S. President Donald Trump's tariffs could be softer than expected. Australia's S&P/ASX 200 rose 0.69% in early trade. The country's budget will be tabled by Treasurer Jim Chalmers later in the day. Japan's benchmark Nikkei 225 started the day up 1.15%, while the broader Topix index gained 0.91%. In South Korea, the Kospi index opened 0.61% higher and the small-cap Kosdaq gained 0.64%. Futures for Hong Kong's Hang Seng index last traded at 23,609, indicating a weaker open compared with the HSI's...
President Donald Trump on Monday said he will soon announce tariffs targeting automobiles, pharmaceuticals and other industries, signaling his plans to pile more sweeping duties on top of his forthcoming "reciprocal tariffs." "We'll be announcing cars very shortly," Trump said at a Cabinet meeting. "We already announced steel, as you know, and aluminum." "We'll be announcing pharmaceuticals at some point," he said, "because we have to have pharmaceuticals." "So we'll be announcing some of these things in the very near future, not the long future, the very near future," Trump said. Trump...
European markets closed slightly lower on Monday as optimism over the path of U.S. tariffs faded. Concluding a choppy session, the pan-European Stoxx 600 ended 0.13% lower, with Germany's DAX down 0.17%, France's CAC 40 down 0.26%, and the U.K.'s FTSE 100 down 0.1%. The travel and leisure sector was up 0.55% after London's Heathrow Airport reopened on Saturday following a power outage caused by a fire at a nearby electrical substation that disrupted Friday service. British Airways owner IAG was up 0.8%. Swedish defense firm Saab gained 4.5% after UBS upgraded its stock from neutral to...
Gold (XAU/USD) is extending its decline on Wednesday for a second consecutive day as the US Dollar (USD) and US Treasury yields firm ahead of the release of the Federal Open Market Committee (FOMC)...
Oil extended declines after OPEC+ agreed to a bigger-than-expected production increase next month, raising concerns about oversupply just as US tariffs fan fears about the demand outlook.
Brent...
The Japanese Yen (JPY) weakened against its US counterpart and reversed part of Friday's recovery from the lowest level since July 23 following Bank of Japan (BOJ) Governor Kazuo Ueda's remarks....