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
Europe's main stock indexes fell on Thursday, as sluggish market sentiment with geopolitical tensions boosting some safe-haven demand, while chip stocks were the biggest drag after sector forecaster Nvidia forecast disappointing earnings. The pan-European STOXX 600 index edged down 0.1%, as of 0820 GMT, heading for a fifth straight session of losses amid uncertainty over the escalating Ukraine-Russia conflict and the possible domestic fallout from a U.S. President Donald Trump victory Safe-haven bids for gold and the Swiss franc rose, while the dollar weakened on anticipation of more...
In Tokyo, the Nikkei 225 Index decreased 282 points or 0.74 percent on Thursday. Losses were driven by IHI (-3.83%), Mitsui Engineering & Shipbuilding (-3.59%) and East Japan Railway (-3.52%). Biggest rises came from Tokyo Gas (4.96%), M3 (4.40%) and Taiheiyo Cement (4.16%). Source: trading Economics
Hong Kong's shares increased 37 points or 0.2% to 19,735 on Thursday, marking the second session of gains amid strength mainly from the consumer sector. Investors considered remarks from Fed Boston President Susan Collins, who stated that additional interest-rate cuts are necessary, but policymakers should move neither too quickly nor too slowly. At the same time, traders monitored Trump's administration picks, particularly his choice for the Treasury secretary role. In China, stock markets were muted after the PBoC Wednesday held its key lending rates steady at record lows to help the...
The Nikkei 225 Index declined by 0.8% to around 38,030, while the broader Topix Index lost 0.2% to 2,693 on Thursday, as Japanese shares hit multi-week lows, largely driven by losses in the technology sector. The drop followed a sharp decline in Nvidia's stock after-hours, despite the company reporting better-than-expected quarterly results and providing strong forward guidance. Nvidia's struggles weighed heavily on the broader tech sector, with notable losses from Advantest (-4.1%), Disco (-2.7%), Lasertec (-1.4%), SoftBank Group (-2.4%), and Tokyo Electron (-1.4%). Other key index...
Asia-Pacific markets mostly fell on Thursday, with investors watching tech shares in the region after chipmaker Nvidia reported better-than-expected results. Nvidia reported a 94% year-on-year surge in revenue for the third quarter to $35.08 billion. However, that is still a consecutive slowdown from the previous three quarters, when sales rose 122%, 262%, and 265%, respectively. Net income during the quarter rose to $19.3 billion, versus $9.24 billion in the same period a year ago. All eyes are on Indian stocks related to billionaire Gautam Adani, after the chair of India's Adani Group...