The three US indices closed lower on Thursday, as gains in Microsoft and Meta failed to lift the broader market amid renewed trade uncertainties and economic concerns. The S&P 500 fell 0.5%, marking its third consecutive loss, while the Nasdaq 100 slipped 0.4%. The Dow dropped 330 points, dragged down by losses in healthcare stocks. Market sentiment was dented by President Trump's decision to extend a 25% tariff on Mexican imports and looming deadlines for broader trade actions. The Fed's preferred inflation gauge, the core PCE, rose 0.3% in June and 2.8% from a year earlier, adding to...
Hong Kong's equities surged 283 points, or 1.3%, to 22,140 in early trading on Thursday, marking the second consecutive day of gains and reaching a four-month high. Most sectors advanced, buoyed by optimism over a potential peace deal between Ukraine and Russia following phone calls between US President Trump, Russian President Putin, and Ukrainian President Zelenskiy. Hang Seng Index up, buoyed by investor optimism over a potential resolution to the Russia-Ukraine conflict. After opening 100 points higher at 21,958, the benchmark index extended its gains, climbing as much as 228 points to...
Asia-Pacific markets traded higher Thursday, breaking ranks with Wall Street that fell overnight as a stronger-than-expected U.S. inflation reading diminished prospects of policy easing by the U.S. Federal Reserve. Australia's S&P/ASX 200 rose 0.26%. Japan's Nikkei 225 rose 1.1% while the Topix climbed 0.91%. South Korea's Kospi traded 0.71% higher, while the small-cap Kosdaq traded around the flatline. Hong Kong's Hang Seng Index climbed 0.58% while mainland China's CSI 300 traded flat. Overnight in the U.S., the S&P 500 tumbled and bond yields spiked after consumer prices rose...
The Nikkei 225 Index rose 1.1% to surpass 39,300, while the broader Topix Index climbed 0.9% to 2,757 on Thursday, extending the previous session's gains. Nearly all sectors participated in the rally, fueled by a strong corporate earnings season that lifted market sentiment in Japan. This came despite a rise in producer inflation, which reached a 20-month high in January. Japanese stocks also brushed off the hotter-than-expected US consumer inflation data, which strengthened the case for the Federal Reserve to keep interest rates steady. Among the top performers were Advantest (+3.6%),...
Asia-Pacific markets opened higher Thursday, breaking ranks with Wall Street that fell overnight as a stronger-than-expected U.S. inflation reading diminished prospects of policy easing by the U.S. Federal Reserve. Australia's S&P/ASX 200 rose 0.2%. Japan's Nikkei 225 rose 0.54% while the Topix climbed 0.52%. South Korea's Kospi traded 0.34% higher, while the small-cap Kosdaq rose 0.45%. Hong Kong's Hang Seng index futures were at 22,072, also higher than the HSI's last close of 21,857.92. Overnight in the U.S., the S&P 500 tumbled and bond yields spiked after consumer prices...
Japanese stocks rose in early trading as a weaker yen boosted earnings growth hopes. Autos and pharma shares led the gains. Subaru Corp. rose 2.8% and Daiichi Sankyo gained 4.9%. USD/JPY was at 154.24, up from 153.64 at the close of the Tokyo Stock Exchange on Wednesday.Meanwhile, SoftBank Group fell 4.6% after posting a third-quarter net loss. Investors are focused on earnings as well as U.S. trade policy. Daiwa House Industry and Sumitomo Forestry are due to release their results later in the day. The Nikkei Stock Average was up 0.5% at 39,172.02.Source: Bloomberg