Silver prices weakened slightly and are now hovering around US$39–39.40 per ounce, still near their highest levels since 2011. Strengthening bond yields and the US dollar have somewhat curbed the upward trend, but the white metal still posted a year-over-year surge of more than 36%—leading gold's rise of around 31%. The global silver market has recorded a deficit for five consecutive years, and by 2025, a shortfall of approximately 149 million ounces is expected. Mine production has increased slightly, but not enough to offset surging demand. Despite pressure from a strengthening US dollar...
The Nikkei 225 edged down 0.04% to close at 39,663, while the broader Topix fell 0.21% to 2,819 on Wednesday, as investor caution grew ahead of Japan's upcoming Upper House election. Markets remain on edge over the potential for major fiscal shifts, including speculation that the government could reduce or abolish the sales tax. Such moves have fueled a rise in Japanese government bond yields, driven by concerns over increased borrowing costs. Adding to the uncertainty, investors continued to monitor evolving trade tensions after US President Donald Trump flagged possible tariffs on...
The Hang Seng Index opened higher today, rising 113 points or 0.46% to 24,704. The China Enterprises Index gained 49 points or 0.56% to 8,927, while the Tech Index climbed 48 points or 0.88% to 5,479. Technology stocks were the main drivers of the market, with Tencent up 0.4%, Alibaba gaining 1.9%, Meituan increasing 1.2%, Xiaomi advancing 0.9%, and Kuaishou rising 1.6%. Financial stocks saw mixed performance. HSBC Holdings remained flat, AIA Group rose 0.4%, Ping An Insurance fell 0.1%, and Hong Kong Exchanges and Clearing added 0.2%. Pop Mart shares showed slight movement after issuing...
Asia-Pacific markets fell after U.S. President Donald Trump said Tuesday that he had struck a preliminary trade agreement with Indonesia, which will impose a 19% tariff on the country's exports to the U.S. Indonesia's central bank is set to release its policy decision later in the day. President Donald Trump on Tuesday said he reached a preliminary trade deal with Indonesia, which will set a 19% tariff on the Southeast Asian country's U.S. exports. "We will pay no tariffs. So they are giving us access into Indonesia, which we never had," Trump told reporters outside the White...
The Nikkei 225 Index rose 0.1% to around 39,716 while broader Topix Index fell 0.4% to 2,815 on Wednesday, with Japanese shares showing mixed performance as investors reacted to the latest trade developments. US President Donald Trump announced on Tuesday that he had reached a preliminary trade agreement with Indonesia, which will set a 19% tariff on the country's exports to the US. Domestically, data showed that sentiment among Japanese manufacturers improved slightly in July driven largely by a rebound in the semiconductor sector, despite lingering concerns over US trade...
The Dow Jones Industrial Average (DJIA) fumbled on Tuesday, losing enough ground to knock the megacap index back below the previous week's close, but still holding onto near-term consolidation levels. US Consumer Price Index (CPI) inflation showed price pressures are still on the wrong side of Federal Reserve (Fed) targets, knocking investor hopes for a summer rate cut even further back. US CPI inflation rose through the tail end of the second quarter. Despite the figures mostly keeping in line with or beating median forecasts, investors are still feeling the pressure from rising price...