The Hang Seng Index opened slightly lower by 0.07% to 26,263 on Friday (October 31st), moving flat after a 0.2% decline in the previous session to 26,283. This cautious movement occurred amid mixed sentiment: some technology stocks weakened, while the market digested news of a US-China trade truce that had not yet fully boosted risk appetite. Data-wise, China's manufacturing PMI contracted again in October, signaling continued pressure on the factory sector and curbing the Hong Kong stock market rally. Meanwhile, Asian market analysts noted that regional stocks are likely to strengthen this...
Japan stocks were lower after the close on Tuesday, as losses in the Paper & Pulp, Transport and Communication sectors led shares lower. At the close in Tokyo, the Nikkei 225 lost 0.41%. The best performers of the session on the Nikkei 225 were Advantest Corp. (TYO:6857), which rose 6.45% or 770.00 points to trade at 12,710.00 at the close. Meanwhile, Tokuyama Corp. (TYO:4043) added 6.18% or 216.00 points to end at 3,711.00 and Kanadevia Corp (TYO:7004) was up 3.27% or 34.00 points to 1,075.00 in late trade. The worst performers of the session were Mitsui Mining and Smelting Co....
Hong Kong stocks jumped 358 points or 1.4% to 25,988 in early deals on Tuesday, rising for the third straight session to their highest level since October 2021 as all sectors advanced. Optimism from Wall Street Monday lifted sentiment ahead of expected Fed rate cuts later this month. Property stocks in Hong Kong led gains, climbing about 2% after Shenzhen city eased home purchase curbs last week. Tech, financials, and consumer shares also rose, supported by a third straight advance in mainland markets as Beijing moves toward a record trade surplus despite August exports hitting a six-month...
Japanese stocks headed for a four-day advance as bets that the Federal Reserve will cut rates drove US shares close to all-time highs. Topix Index rose 0.5% to 3,152.35 as of 9:30 a.m. Tokyo time Nikkei 225 advanced 0.9% to 44,046.88 Buying increased in export-related sectors like electronics and machinery, as well as materials stocks. Domestic demand-related shares, benefiting from improving local conditions and policy tailwinds, were also broadly firm. Sentiment remained stable after Prime Minister Shigeru Ishiba's decision to step down spurred speculation a new...
Asian stocks rose on Tuesday as positive sentiment on Wall Street ahead of an expected Fed rate cut spilled over into regional trading. Equities in Japan and South Korea rose in morning trading, while Australian equities declined. This followed a surge in bets for a US central bank rate cut, pushing stocks near record highs amid hopes that looser policy would strengthen the American corporate sector. The S&P 500 rebounded on Monday after a sell-off in the previous session on a weak jobs report. Although upcoming data is projected to... "After last week's lackluster jobs numbers, it...
Wall Street kicked off the week with gains on Monday as investors positioned ahead of a data-heavy week that includes two key inflation reports likely to influence Federal Reserve policy expectations. The S&P 500 rose 0.2%, the Nasdaq 100 gained nearly 0.5% to approach its August record high on strength in chipmakers, and the Dow Jones advanced 114 points. Last week's weak August jobs report, coupled with softer labor market data, has fueled hopes the Fed will cut rates at its September meeting, with traders increasingly pricing in the possibility of a larger 50 bps reduction. This...