Japanese stocks fall as uncertainty over a U.S. government shutdown and the impact of tariffs on earnings persists. Financial stocks lead declines. Dai-ichi Life Holdings declines 2.5% and Mizuho Financial Group is 1.9% lower. USD/JPY is at 148.13, compared with 148.19 as of Tuesday's Tokyo stock market close. Investors are focusing on any developments related to a potential U.S. government shutdown as well as the leadership election for the ruling Liberal Democratic Party of Japan. The Nikkei Stock Average is down 0.3% at 44802.93. Source: Dow Jones Newswires
The Hang Seng Index opened higher today, gaining 104 points to reach 26,042, before extending its rise by 227 points, or 0.87%, to settle at 26,165. This marks the index's fourth consecutive day of increases. The Hang Seng China Enterprises Index also rose by 80 points, or 0.87%, to 9,323, while the Technology Index climbed by 105 points, or 1.8%, to 5,933. Trading volume on the main board reached HK$73.7 billion. In the technology sector, stocks showed mixed results. Tencent rose by 1.5%, Alibaba experienced a significant gain of 3.5%, and Meituan increased by 2.1%. However, Xiaomi Group...
Japanese shares rose on expectations of expansionary fiscal policies even as the country's ruling party is set to hold a leadership contest and find a replacement for outgoing Prime Minister Shigeru Ishiba. Sentiment was also upbeat after Wall Street's gains on hopes the Federal Reserve will cut interest rates to curb a jobs downturn. The Topix Index rose 0.1% to 3,126.18 as of 9:15 a.m. Tokyo time The Nikkei advanced 0.4% to 43,646.92 SoftBank Group Corp. contributed the most to the Topix Index gain, increasing 6.8%. Out of 1,676 stocks in the index,...
Asia-Pacific markets opened mostly higher Wednesday ahead of key August inflation data from China. The mainland's August consumer price index is expected to fall 0.2% from the previous year, according to economists polled by Reuters, and compares with July's flat reading. Meanwhile, the producer price index is expected to fall 2.9% year on year, improving from the 3.6% drop in July. Japan's Nikkei 225 benchmark opened 0.2% higher, while the Topix index was flat. Over in Australia, the S&P/ASX 200 opened flat. Hong Kong's Hang Seng Index was set to open higher, with the futures...
All three major indexes closed at record highs Tuesday as investors moved past concerns about the state of the U.S. economy. The S&P 500 index settled up 0.27% at 6,512.61, while the Nasdaq Composite gained 0.37% to end the day at 21,879.49, with the latter hitting a new all-time intraday high as well. The Dow Jones Industrial Average finished up 196.39 points, or 0.43%, at 45,711.34, thanks to a surge in UnitedHealth shares. Investor worries that the economy may not be holding up as well as previously thought were exacerbated Tuesday after the Bureau of Labor Statistics updated its...
US stocks edged higher on Tuesday, with the three major averages up around 0.1%, as investors continued to bet on a Federal Reserve rate cut next week. Markets are also awaiting the BLS's preliminary revision to employment levels for the 12 months through March, with most analysts expecting a downward adjustment—pointing to a sharper slowdown in the labor market and bolstering hopes for rate cuts, including a 50 bps move next week. Inflation data will also be in focus this week, with both CPI and PPI reports due. Energy was the top performing sector while materials lagged. On the corporate...