The Nasdaq marked a record closing high on Thursday with support from the technology sector while the benchmark S&P 500 barely managed to notch a record close as investors cautiously monitored private labor market data in the second day of a U.S. government shutdown. The benchmark index's valuation was around its highest level since 2020, with help from heavyweight technology companies including AI chip leader Nvidia and Broadcom. With no official government data available because of the shutdown, investors were monitoring information from other sources. A report from global...
The Hang Seng Index opened 64 points higher, or 0.25 per cent, at 25,241 points yesterday. Meanwhile, the China Enterprises Index rose 20 points, or 0.22 per cent, to 9,054 points, and the Technology Index gained 13 points, or 0.23 per cent, to close at 5,592 points. Technology stocks showed mixed results: Tencent rose 0.1 per cent, Alibaba slipped 0.1 per cent, and Meituan edged up by 0.1 per cent. Xiaomi Group climbed 0.8 per cent ahead of its earnings report, JD.com rose 0.2 per cent, while Kuaishou remained unchanged. Financial stocks remained steady, with HSBC Holdings climbing 0.5...
Asia-Pacific markets mostly fell Tuesday as investors await the outcome of the talks between U.S. President Donald Trump, Ukraine's President Volodymyr Zelenskyy and European leaders at the White House. Japan's Nikkei 225 benchmark ticked up 0.1%, after closing at a record high in its previous session, while the broader Topix index was flat. In South Korea, the Kospi index fell 0.2% in early trade, while the small-cap Kosdaq declined by 0.33%. Australia's S&P/ASX 200 dropped 0.61% at the open. Futures for Hong Kong's Hang Seng index stood at 25,230, pointing to a stronger open...
Japanese stocks open on a firm note as investors are upbeat about domestic earnings expectations and solid US consumer data, with rapidly easing concerns about tariffs also aiding sentiment. The Topix Index rose 0.1% to 3,124.34 as of 9:06 a.m. Tokyo time The Nikkei advanced 0.3% to 43,844.57 Toyota Motor Corp. contributed the most to the Topix Index gain, rising 1.2%. Out of 1,679 stocks in the index, 793 rose and 743 fell, while 143 were unchanged. Hideyuki Ishiguro, chief strategist at Nomura Asset Management, said earnings estimates for the next 12 months in both...
The S&P 500 ended slightly lower Monday, as investors digested a meeting between Ukraine President Volodymyr Zelensky and U.S. President Donald Trump in Washington and looked ahead to the upcoming Jackson Hole Symposium. The Dow Jones Industrial Average fell 33 points, or 0.1%, the S&P 500 index slipped 0.02%, while the NASDAQ Composite added 0.03%. The main Wall Street indices notched their second straight positive week last week, with the blue-chip Dow Jones Industrial Average joined the benchmark S&P 500 and tech-heavy Nasdaq Composite in reaching a new all-time peak during...
European stocks had a mixed session on Monday as traders monitored corporate updates and a meeting between regional leaders and U.S. President Donald Trump to discuss Ukraine. The pan-European Stoxx 600 index provisionally closed fractionally above the flatline. Health-care stocks led gains, up 1.4%, as Novo Nordisk shares climbed 6.6%.The Danish pharmaceutical giant's blockbuster weight-loss drug Wegovy won regulatory approval in the United States to treat a serious liver disease. European leaders, including German Chancellor Friedrich Merz, French President Emmanuel Macron and British...