Asia-Pacific markets opened mixed Wednesday, following gains on Wall Street ahead of a potential U.S. government shutdown as lawmakers continue to wrangle over details of a second temporary spending bill. Investors in Asia will look toward the Reserve Bank of India's rate decision late Wednesday. Japan's Nikkei 225 sunk 0.2% at its open, while the broad based Topix was down 0.85%. In South Korea, the blue-chip Kospi was up 0.94%, and the small-cap Kosdaq gained 0.84%. Australia's S&P/ASX 200 slipped 0.32% in early trade. Markets on mainland China and Hong Kong were closed for a...
The Hang Seng index surged 359 points, or 1.4%, to close at 25,418 on Friday, ending a three-day losing streak. Optimism improved after Wall Street's S&P 500 hit a record high on Thursday, with traders betting that the Fed would cut interest rates this month amid further signs of a weakening US labor market. For the week, the index also gained 1.4%, reversing the previous week's decline, supported by a CNY 1 trillion liquidity injection from China's central bank. Gains were capped by the sharpest weekly decline in five months in mainland stocks as traders booked profits following a...
The Hang Seng Index opened 77 points, or 0.31%, higher at 25,136 points. The Hang Seng China Enterprises Index rose by 22 points, or 0.25%, to 8,960 points, while the Tech Index increased by 23 points, or 0.42%, reaching 5,602 points. In the technology sector, stocks displayed varied performance: Tencent gained 1.1%, while Alibaba fell by 1%. Meituan declined by 0.1%, Xiaomi increased by 1%, JD.com also rose by 1%, and Kuaishou edged up by 0.1%.In the technology sector, stocks displayed varied performance: Tencent gained 1.1%, while Alibaba fell by 1%. Meituan declined by 0.1%, Xiaomi...
The Nikkei 225 jumped 1.2% to around 43,100 and the Topix gained 0.8% to 3,105 on Friday, with Japanese equities rising for a second session after US President Donald Trump signed an executive order cutting tariffs on Japanese cars to 15% from 27.5%. The order also cemented an agreement for $550 billion in Japanese investments in US projects. Sentiment was further lifted by a strong Wall Street rally as soft US labor data bolstered bets on a Federal Reserve rate cut this month. Domestically, data showed Japan's real wages turned positive in August for the first time since December,...
Asia-Pacific markets opened higher Friday after U.S. President Donald Trump signed an executive order Thursday formalizing a lower Japanese auto import tariff of 15%, down from 27.5%.The order also confirms the agreement for $550 billion of Japanese investments in U.S. projects.Japan's Nikkei 225 jumped 1.39% and the Topix added 0.86% after Japan's July household spending rose 1.4% year over year. South Korea's Kospi climbed 0.26% while the Kosdaq jumped 0.35%.Australia's S&P/ASX 200 rose 0.58%.Hong Kong's Hang Seng Index was on course to open lower, with the futures contract at 25,021,...
The S&P 500 closed at a fresh record high after an afternoon boost pushed stocks solidly into the green as traders shook off weak private employment data earlier in the day. A big jobs report now looms over the market, with traders wanting a figure Friday that bolsters rate cut chances without causing a scare about a recession. The broad market S&P 500 finished up 0.83% at 6,502.08, while the Nasdaq Composite settled up 0.98% at 21,707.69. The Dow Jones Industrial Average finished up 350.06 points, or 0.77%, at 45,621.29. The ADP private payrolls report showed an increase of 54,000...