Oil prices stabilized on Thursday (February 12th), as the market reassigned a risk premium to US-Iran tensions despite US inventory data showing swelling domestic supplies. This movement confirms one thing: geopolitical headlines are still more "noise" than signals of a short-term surplus. As of 3:50 PM WIB, Brent was at $69.60/barrel (+0.29%) and WTI was at $64.83/barrel (+0.31%). The gains were moderate, but enough to keep prices near the psychological $70 level for Brent. From a geopolitical perspective, market focus is on the potential for escalation in the Middle East. Recent reports...
The Hang Seng Index weakened again for the second consecutive day. The Hong Kong stock exchange closed down 2.2%, or 611.54 points, to 26,775.57 on Monday (February 2) its biggest daily decline since the index fell 2.4% on November 21. This means that this selling pressure is not just a slight correction, but has entered a more pronounced "risk-off" phase. Compounding the decline, the decline was widespread across almost all sectors. Trade and industrial stocks led the decline, and the overall market looked "total red": out of 88 stocks, 75 fell, while only 11 rose. This usually indicates...
The NiThe Nikkei 225 Index fell 1.25% to close at 52,655 while the broader Topix Index lost 0.8% to 3,538 on Monday, reversing earlier gains and tracking losses across global markets as risk sentiment deteriorated. The decline followed a turbulent selloff in precious metals that triggered forced liquidation in other asset classes, while technology stocks also came under pressure on renewed concerns about the sustainability of AI investments. In Japan, Prime Minister Sanae Takaichi said over the weekend that a weak yen could be a major opportunity for export industries. Investors also braced...
Japanese stocks traded mixed today. The Nikkei 225 index fell 0.2% to 53,256.62 due to pressure from electronics stocks, while the Topix index rose 0.5% to 3,561.66 thanks to strength in other sectors. The Nikkei's decline was primarily driven by large technology stocks: Advantest fell 5.3% and Keyence fell 3.8%. Meanwhile, defensive and commodity sectors helped cushion the decline, with Chugai Pharmaceutical surging 4.4% and Eneos Holdings rising 3.0%. In the foreign exchange market, USD/JPY strengthened to 153.39 from 152.96 at the Tokyo close on Thursday. Investors are now awaiting the...
Shares in Hong Kong plunged 412 points, or 1.5%, to 27,545 in early Friday trade, snapping a seven-session winning streak amid widespread losses across sectors. Traders booked profits after markets hit a 4-1/2-year high in the prior session, while caution mounted ahead of China's official January PMI data due over the weekend. Sentiment was also pressured by a sharp drop in U.S. stock futures, following a mostly lower close on Wall Street overnight after Apple warned of margin headwinds. Zijin Gold Intl. (-6.9%) and Zhaojin Mining (-4.1%) plunged amid a retreat in metals, while Kuaishou...
Hong Kong shares started the day on a softer note, with the Hang Seng Index falling 199 points, or 0.72 per cent, to open at 27,627. The broader market also came under pressure, as the China Enterprises Index dropped 60 points, or 0.63 per cent, to 9,452. Technology stocks were similarly weaker in early trading, with the Hang Seng Tech Index declining 46 points, or 0.79 per cent, to 5,853. Despite the cautious mood across the market, Zijin Mining moved against the trend, rising by 1.87 per cent in morning deals. (mrv) [sma] Source : Newsmaker.id
The Nikkei 225 Index rose 0.6% to 53,698.24 in the latest trading session. The gains were supported by financial and electronics stocks, which managed to withstand pressure from weakening retail and some technology stocks. In stock markets, Japan Post Bank surged 3.3% and Kioxia Holdings rose 6.0%. Conversely, Aeon Co. fell 3.2% and Recruit Holdings weakened 3.3%. Meanwhile, the broader Topix index fell 0.4% to 3,521.08, indicating uneven market gains. In the currency market, USD/JPY was at 153.08, up from 152.62 at the Tokyo close on Wednesday. Investors now await the earnings season,...
The Nikkei 225 Index climbed 1.73% to close at 53,689, while the broader Topix Index rose 0.74% to 3,616 on Thursday, snapping a five-day losing streak as Japanese shares were lifted by a strong rally in chip and artificial intelligence related stocks. Sentiment was boosted by comments from Nvidia CEO Jensen Huang at the World Economic Forum in Davos, which reinforced investor enthusiasm for the AI theme. Top performers in the technology sector included Kioxia Holdings (8.6%), SoftBank Group (11.6%), Lasertec (5.8%), Disco Corp (17.1%) and Advantest (5%). Meanwhile, Japanese...
Hong Kong stocks weakened slightly in early trading on Thursday. The Hang Seng Index fell 74 points (-0.3%) to 26,514, reversing the previous session's gains as weakness spread across many sectors. Investor sentiment turned more cautious as the market awaited Hong Kong's December inflation data, which was released today. For example, headline inflation remained at 1.2% in November, while core inflation was also stable at 1%. This data is important because it could influence the market's outlook on consumption and local economic conditions. In addition to inflation, investors are also...
Gold rises in the early Asian trade. There's a broad commodities uptrend, driven by macro uncertainty, a weaker dollar, and persistent demand for "hard" assets, says Fawad Razaqzada, market analyst...
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....