Hong Kong stocks rose 98 points, or 0.4%, to 24,607 in early trading on Monday, ending a four-day losing streak amid gains led by the property and technology sectors. Sentiment improved after China's top leaders pledged to support the economy and tackle "irregular competition" at last week's Politburo meeting. Beijing also confirmed plans to hold its fourth plenary session in October, which will likely focus on the next five-year plan. A modest rebound in US stock futures added support, following Wall Street's sharp decline on Friday due to weak employment data. On tariffs, US Treasury...
Japan stocks were higher after the close on Friday, as gains in the Real Estate, Banking and Textile sectors led shares higher. At the close in Tokyo, the Nikkei 225 gained 0.98% to hit a new 1-month high. The best performers of the session on the Nikkei 225 were Yamato Holdings Co., Ltd. (TYO:9064), which rose 5.32% or 105.00 points to trade at 2,077.50 at the close. Meanwhile, Sumitomo Dainippon Pharma Co Ltd (TYO:4506) added 5.26% or 47.00 points to end at 941.00 and Otsuka Holdings Ltd (TYO:4578) was up 5.22% or 382.00 points to 7,697.00 in late trade. The worst performers of the...
European stocks are heading for a mixed open on Friday, as investors assess a signal that China is seeking trade negotiations will the U.S. Germany's DAX and France's CAC 40 were seen opening lower, according to IG data, with U.K. stocks moving higher. Most markets were closed on Thursday for the May 1 holiday. London's FTSE 100 ended a choppy session 0.02% higher to mark its 14th straight session in the green, drawing level with its best run since 2017. Earnings in Europe on Friday include bank Standard Chartered, which beat estimates with a 10% gain in first-quarter profit, Natwest and...
(Hong Kong) The Hang Seng Index rose 73 points, or 0.33%, to 22,192. The China Enterprises Index gained 23 points, or 0.29%, to 8,100. The Tech Index increased 24 points, or 0.48%, to 5,112. Tech stocks showed mixed performance. Tencent rose 0.2%, Alibaba increased 1.4%, Meituan fell 0.5%, Xiaomi Group gained 1.1%, JD.com rose 0.6%, and Kuaishou remained unchanged. Financial stocks also showed mixed performance. HSBC Holdings fell 1.2%, with Group Chairman Mark Tucker set to retire before the end of the year. AIA Group rose 2.4%, China Ping An remained unchanged, and Hong Kong Exchanges and...
The Nikkei 225 Index jumped 1% to around 36,800 while the broader Topix Index gained 0.5% to 2,693 on Friday, with Japanese shares scaling one-month highs as investors dialed back expectations on further interest rate hikes from the Bank of Japan this year. The benchmark indexes are also on track to advance for the third consecutive week, recovering all the losses triggered by US President Donald Trump's April 2 announcement of his sweeping reciprocal tariffs. On Thursday, the BOJ kept its policy rate unchanged at 0.5% and slashed its growth and inflation forecasts, signaling a lower...
Asia-Pacific markets trade mixed, even as all three key benchmarks on Wall Street advanced overnight on optimism that a slowdown in the global economy will not impede the progress of developments in artificial intelligence. Australia's S&P/ASX 200 fell 0.12% at the open. Japan's benchmark Nikkei 225 added 0.99% while the broader Topix index advanced 0.62% in early trade. Over in South Korea, the Kospi index declined 0.54% while the small-cap Kosdaq was flat. Futures tied to Hong Kong's Hang Seng Index stood at 21,935, pointing to a weaker open compared to the HSI's last close of...