The Hang Seng fell 87 points, or 0.3%, to finish at 26,346 on Tuesday, reversing three consecutive sessions of gains as U.S. futures pointed to a lower open on Wall Street following Monday's rally. Mainland stocks also eased after six straight sessions of strength, retreating from a decade high ahead of official October PMI data and amid growing doubts over the durability of the recent easing in U.S.-China trade tensions. Hong Kong's consumer and tech sectors weighed on the index, with steep losses from Zijin Gold Intl. (-4.5%), Anta Sports (-4.2%), China Hongqiao Group (-3.7%), and Xiaomi...
The Nikkei 225 closed up around one and a half percent to around 49,000, driven by positive sentiment from Intel's sales prospects. Semiconductor stocks like Advantest and Disco also gained, while SoftBank Group was a major driver of the index's rally. The market mood felt more bullish after the chip sector was "bought back," resulting in healthy inter-sector rotation. Investors are also looking ahead to the next week of earnings reports, including from US tech giants like MetaTrader, Alphabet, and Microsoft. Solid results are expected to maintain buying momentum. Domestically, the Topix...
The Hong Kong stock exchange opened in the green. The Hang Seng Index rose early in the session, followed by gains in the technology index and mainland Chinese stocks. The market mood this morning was clearly positive. The main drivers were the technology sector: Alibaba and Kuaishou were the most prominent, with Tencent and Meituan also strengthening, followed by Xiaomi and JD.com. In the financial sector, the HKEX performed solidly, with AIA and Ping An rising steadily, while HSBC weakened slightly. (az) Source: Newsmaker.id
Japanese stocks rose in early trading on hopes of easing US-China trade tensions ahead of next week's summit. The Nikkei index rose 0.8% to 49,021.37, signaling positive sentiment across the market. The gains were led by the technology and electronics sectors. SoftBank Group rose 3.2%, and chip test equipment manufacturer Advantest gained 2.3%, driven by optimism about semiconductor demand and a robust AI ecosystem. In the forex market, USD/JPY was at 152.52 (from 152.43 at the close in Tokyo on Thursday). A weaker yen typically supports Japanese exporters, boosting export-based...
Asia-Pacific markets rose Friday, after the White House said that U.S. President Donald Trump and China's President Xi Jinping were set to hold talks next week. U.S. Press Secretary Karoline Leavitt said Trump will leave for Malaysia late Friday and then travel to Japan and South Korea, meeting Xi next Thursday after speaking at the Asia-Pacific Economic Cooperation CEO Summit, Reuters reported. Japan's benchmark Nikkei 225 index climbed 0.78%, while the Topix added 0.39%. Japan's core inflation rate accelerated to 2.9% in September, the first increase since May and in line with...
US stocks rebounded, with the three major indexes closing near record highs on Thursday (October 23rd). The S&P 500 rose 0.6%, the Dow Jones Industrial Average rose 0.3%, and the Nasdaq Composite added 0.9%. This was driven by upbeat corporate performance and the White House's announcement that President Trump will meet Chinese President Xi Jinping next Thursday in South Korea, alleviating concerns over US-China relations. Nvidia (1.1%), Amazon (1.2%), and Broadcom (1.2%) led the gains among technology stocks, while Oracle rose 2.5%. Honeywell and American Airlines jumped 6.8% and 7.2%...