European stocks closed sharply higher on Wednesday (July 23), halting three previous trading sessions' declines, buoyed by speculation that the US might accept lower tariffs following a new trade deal with Japan. The Eurozone STOXX 50 rose 1.1% to 5,350, and the pan-European STOXX 600 gained 1.1% to 550. President Trump lowered tariffs on Japan to 15% from an initial threat of 25%, despite no reports of substantial progress in trade negotiations between the EU and the US. Progress on auto tariffs with Japan, which has significant exposure to automakers, lifted shares of BMW, Stellantis,...
The Hang Seng Index fell for the third day, dropping 2.8%, or 580.05 to 19,846.88 in Hong Kong. The move was the biggest since falling 3.7% on Oct. 15. Meituan contributed the most to the index decline, decreasing 5.3%. Zhongsheng Group Holdings Ltd. had the largest drop, falling 9.6%. Today, 76 of 82 shares fell, while 6 rose; all sectors were lower, led by commerce and industry stocks. Source : Bloomberg
The Nikkei 225 index rose 0.5% to above 39,700 while the broader Topix index gained 0.9% to 2,765 on Tuesday, extending gains from the previous session and taking cues from a strong lead on Wall Street as a post-election rally sent major U.S. indexes to all-time highs. The rally was fueled by optimism surrounding a Trump victory and a possible Republican landslide in Congress, raising expectations for deregulation and tax cuts. In Japan, investors were focused on the Bank of Japan's monetary policy outlook after the latest minutes of its opinion revealed a split among policymakers over the...
The Japanese yen held steady around 153.5 per dollar on Tuesday after falling in the previous session, weighed down by a stronger dollar amid expectations that strong U.S. economic growth and aggressive trade policies under Trump will push inflation higher. At home, minutes from the Bank of Japan's October policy meeting revealed a split among policymakers over the timing of future interest rate hikes. Several members expressed concerns about global economic uncertainty and rising market volatility, particularly the ongoing yen depreciation. However, the central bank maintained its forecast...
The Nikkei 225 Index rose 0.5% to above 39,700 while the broader Topix Index gained 0.9% to 2,765 on Tuesday, extending gains from the previous session and taking cues from a strong lead on Wall Street as the post-election rally sent major US indexes to all-time highs. The rally was fueled by optimism around Trump's victory and the possibility of a Republican sweep in Congress, which raised expectations for deregulation and tax cuts. In Japan, investors were focused on the Bank of Japan's monetary policy outlook after the latest summary of opinions revealed a division among policymakers...
Asia-Pacific markets were mixed on Tuesday, with investors cautious even as the Dow Jones Industrial Average's post-election rally continued to gain momentum to close at a record high. Australia's S&P/ASX 200 fell 0.33%. Japan's Nikkei 225 gained 0.23% while the Topix gained 0.68%. South Korea's Kospi fell 1.25%, while the Kosdaq Composite dropped 2.04% Hong Kong's Hang Seng futures were at 20,324, lower than the HSI's last close of 20,426.93. Traders in Asia-Pacific will be watching a slew of economic data from the region, including the National Australia Bank's survey on business...