Asia-Pacific markets opened mostly higher on Friday, with Japan's Nikkei 225 rising more than 1% to a new record, as investors reacted positively to the truce between Washington and Beijing following a meeting between U.S. President Donald Trump and Chinese President Xi Jinping. The two leaders reached a trade deal in their high-stakes meeting in South Korea on Thursday, easing tensions over rare earth elements that had threatened to escalate into a full-blown trade war.
"Both sides appear to be preserving leverage for future negotiations by using these measures as bargaining chips," said Chaoping Zhu, global market strategist at JPMorgan Asset Management. Meanwhile, Japan's Topix index also hit a new high, rising 0.79%. However, South Korea's Kospi fell 0.19% after hitting a new record high the day before, while the small-cap Kosdaq rose 0.47%. Australia's S&P/ASX 200 index opened up 0.45%, but Hong Kong's Hang Seng index is expected to weaken, with HSI futures trading lower at 26,256, down from their previous close. In corporate news, Panasonic Holdings shares plunged more than 8% after the company revised its full-year operating profit forecast down 13.5% due to a decline in profit from its main energy unit, which supplies batteries to Tesla and other automakers.
Investors are also awaiting China's purchasing managers' index (PMI) for October, which will provide insight into factory and services activity. Meanwhile, US markets closed lower overnight, with the S&P 500 down 0.99%, the Nasdaq down 1.57%, and the Dow Jones Industrial Average down 0.23%. (asd)
Source: Newsmaker.id
European equities extended gains for a fourth consecutive session on Thursday, with both the STOXX 50 and the STOXX 600 rising nearly 0.2% to fresh record highs. The advance reflected a broadly posit...
Asia-Pacific markets mostly rose Thursday, following mixed trading on Wall Street as investors kept an eye on the U.S. government, which appeared poised to reopen as soon as the end of the week. Japa...
US stocks rallied, with the Dow surging 410 points to a new record high, while the S&P 500 and Nasdaq posted modest gains, as confidence grew that the prolonged government shutdown would end this ...
US stocks were higher on Wednesday, with the S&P 500 and Nasdaq each up 0.2%, while the Dow Jones gained 250 points to notch a new record high. Sentiment was buoyed by optimism that the governmen...
European stocks were higher on Wednesday, with the STOXX 50 up 0.6% and the STOXX 600 rising 0.4%, extending gains from the previous two sessions to reach fresh record highs. Investor sentiment remain...
Global supply continues to surge as production from the OPEC+ bloc has resumed production cuts, while non-OPEC producers such as the US, Brazil, and Canada are actively adding capacity. For example, reports suggest that global supply growth could...
Gold remains supported by growing market expectations for monetary policy easing by the Federal Reserve, as investors doubt whether the data released after the government shutdown will support the economy. With US interest rates potentially...
Gold prices rose on Thursday, hitting a more than three-week high, on expectations that the U.S. government reopening would increase debt levels, while delayed economic data could bolster the case for a Federal Reserve rate cut next month. Spot...
Global financial market optimism has increased after the latest data indicated a strong chance that the Federal Reserve (The Fed) will cut interest...
Fed increasingly fractured over Dec rate cut
Federal Reserve officials are growing increasingly fractured over whether to cut interest rates in...
Asian stocks advanced for a second consecutive day as progress toward ending the record-long US government shutdown lifted sentiment,...
Lawmakers returned to Washington on Tuesday (November 11th), after a 53-day recess, facing crowded airports across the country for a vote that could...