The Hang Seng Index started the day with a decline of 135 points, or 0.53%, settling at 25,531 points. The China Enterprises Index dropped 41 points, or 0.45%, to 9,216 points, while the Hang Seng Tech Index fell 29 points, or 0.51%, to 5,713 points. Technology stocks faced downward pressure, with Kuaishou sliding by 1.57%, Alibaba dropping 1%, Tencent falling 0.9%, and Trip.com Group losing 0.39%. Xiaomi Group recorded a marginal decline of 0.09%, while Meituan remained unchanged. Financial stocks showed a mixed trend. AIA Group saw the largest drop, down 1.89%, followed by Ping An...
Japanese stocks fell after the close on Monday (6/23), as losses in the Paper & Pulp, Transportation and Communications sectors led shares lower. At the close in Tokyo, the Nikkei 225 was down 0.01%. The best performers on the Nikkei 225 were Chugai Pharmaceutical Co., Ltd. (TYO:4519), which rose 4.47% or 321.00 points to trade at 7,510.00 at the close. Meanwhile, Sapporo Holdings Ltd. (TYO:2501) rose 4.38% or 315.00 points to close at 7,500.00 and Bandai Namco Holdings Inc. (TYO:7832) gained 2.17% or 106.00 points to 5,000.00 in late trade. The worst performers on the session were...
Hong Kong shares fell 94 points, or 0.4%, to 23,431 in early trading on Monday, reversing gains from the previous session amid a sharp decline in U.S. stock futures as tensions in the Middle East escalated. The U.S. State Department issued a "global caution" warning after Tehran vowed retaliation in response to President Donald Trump's attack on an Iranian nuclear power site. Investors were also cautious as they digested China's FDI data, which showed a 13.2% year-on-year decline in the first five months of the year, despite a surge in high-tech investment. (alg) Source: Trading Economics
The Nikkei 225 fell 0.7% to below 38,200, while the broader Topix index dropped 0.8% to 2,750 on Monday, marking a third straight session of losses for Japanese equities. The selloff followed US airstrikes on three Iranian nuclear sites over the weekend, a major escalation in the Middle East as the US joins Israel in its conflict with Iran. Markets are now on edge, awaiting Tehran's response amid concerns about wider regional instability and higher oil prices. On the domestic front, data showed that Japanese manufacturing activity returned to growth in June for the first time since May...
Asia-Pacific markets plunged on Monday after a US strike on three nuclear sites in Iran lifted oil prices and investors worried about an escalation in the Middle East conflict. Oil prices have surged in recent weeks amid rising tensions in the Middle East. Brent crude was trading at $78.66 a barrel, after jumping 2.14%, as of 9:43 a.m. Singapore time, while West Texas Intermediate crude was up 2.23% at $75.47. Japan's benchmark Nikkei 225 fell 0.56%, while the broader Topix index dropped 0.49%. In South Korea, the Kospi index fell 1.05%, while the small-cap Kosdaq index dropped...
US stocks were higher on Friday after Federal Reserve Governor Christopher Waller said that the FOMC could cut interest rates next week, while investors continued to assess geopolitical risks. The three main stock indices were firmly in the green, enough to erase losses from earlier in the week. Waller noted that he doesn't expect tariffs to have a significant inflationary effect and favored the evidence of disinflation for the argument against higher rates, supporting equities on all sectors. IN the meantime, President Trump stated that the decision to strike Iran would take up to two...