The dollar headed for a second straight weekly gain against major peers, buoyed by some solid U.S. economic data that supported the view the Federal Reserve can afford to wait a while longer before cutting interest rates again. The yen remained on the back foot heading into upper house elections on Sunday in Japan, with polls suggesting the ruling coalition is at risk of losing its majority - a development that would stir policy uncertainty and complicate tariff negotiations with the U.S. Bitcoin hovered just above $120,000, after this week pushing to an all-time peak of $123,153.22, with...
The Nikkei 225 index fell 2.63% to close at 38,054, while the broader Topix index dropped 1.9% to 2,644 on Friday, extending losses from the previous session and mirroring declines on Wall Street on disappointing corporate news from Microsoft and Meta Platforms. Local stocks also came under pressure as the yen rose following a less dovish statement from the Bank of Japan and signs of easing price pressures in the U.S. The stronger yen hurt the earnings outlook for Japan's export-heavy industries. Technology stocks were particularly hard hit, with significant losses for Advantest (-4.4%),...
The Hang Seng Index opened 0.3% higher at 20,376.93 in Hong Kong. Meituan contributed the most to the index gain, increasing 2.3%. China Overseas Land & Investment Ltd. had the largest increase, rising 3.1%. In early trading, 41 of 82 shares rose, while 37 fell; 3 of 4 sectors were higher, led by finance stocks. Source : Bloomberg
Japanese stocks fell after the yen strengthened as much as 1% against the dollar overnight and US technology shares slumped. The Nikkei 225 Stock Average dropped 2% as of 9:12 a.m. in Tokyo, while the broader Topix slipped 1.3%. Exporters such as automakers and technology companies were among the heaviest drags on the Topix. The yen reached a one-week high of 151.79 per dollar, after jumping as much as 1% on Thursday. Bank of Japan Governor Kazuo Ueda said Thursday that currency markets have had a major impact on the economy, pointing to another potential...
Asia-Pacific markets are set for a mixed open on Friday, after Wall Street benchmarks the Nasdaq Composite and the S&P 500 posted their worst day in nearly two months on a downbeat Microsoft earnings forecast and MetaTrader results. Traders await a raft of economic data from the region, including Australia's third-quarter producer price index reading and China's Caixin manufacturing purchasing managers' index for October. Japan's Nikkei 225 appears set for a weaker open, with futures in Chicago at 38,470 and its Osaka counterpart at 38,370 against the index's last close of...
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....