Hong Kong's stock market was under pressure again at the start of the week as investors remained cautious ahead of the release of US September non-farm payrolls (NFP) data on Thursday—the first significant data since the 43-day government shutdown. Uncertainty about the Federal Reserve's interest rate direction dampened risk appetite. The Hang Seng Index fell 0.7%, extending its 1.9% decline from Friday, while Hang Seng Tech fell 0.6%. The biggest pressure came from technology and travel stocks, including Trip.com, which fell 3.9%, Baidu, which fell 2.1%, and WuXi AppTec, which fell 2.7%....
Japanese stocks continued their rally on Wednesday (November 13th), boosted by the end of the US government shutdown, which boosted investor risk appetite. Furthermore, a weaker yen fueled expectations of an interest rate hike by the Bank of Japan (BoJ), which boosted banking stocks. The Topix index rose 0.7% to 3,381.72, while the Nikkei index rose 0.4% to 51,281.83. The weaker yen was a key factor supporting the Japanese stock market, with the yen weakening to near 155 per US dollar. Some analysts, such as Kazuhiro Sasaki of Phillip Securities Japan, said the weaker yen could prompt the...
Hong Kong stocks fell on Thursday after hitting a one-month high, as investors opted to remain cautious ahead of the release of quarterly earnings reports from major tech companies, including Tencent and JD.com, as well as Chinese economic data for November. The Hang Seng Index fell 0.1% to 26,888.09 as of 10:06 a.m. local time, with the Hang Seng Tech Index down 0.7%. In mainland China, the CSI 300 Index and the Shanghai Composite Index posted slight gains of 0.4% and 0.2%, respectively. Tencent shares fell 0.8% to HK$652, with the report expected to show profit growth slowing to 5% in the...
Asia-Pacific markets mostly rose Thursday, following mixed trading on Wall Street as investors kept an eye on the U.S. government, which appeared poised to reopen as soon as the end of the week. Japan's benchmark Nikkei 225 index rose 0.23% in early trading, while the Topix added 0.62% to hit a record high. South Korea's Kospi rose 1.07%, while the small-cap Kosdaq jumped 2.52%. Australia's S&P/ASX 200 was down 0.25%. Futures for Hong Kong's Hang Seng Index pointed to a lower open, trading at 26,899, against the index's previous close of 26,922.73. U.S. equity futures ticked lower...
Japan's Nikkei Stock Average is flat at 51063.78 as gains in financial shares offset losses in tech and energy stocks. Nomura Holdings is up 2.7% and Mitsubishi UFJ Financial Group is 2.0% higher while SoftBank Group is down 2.2% and Eneos Holdings is 1.1% lower. Broader market index Topix is up 0.4% at 3372.55. USD/JPY is at 154.84, compared with 154.66 as of Wednesday's Tokyo stock market close. Investors are closely watching quarterly corporate results. Daiwa House Industry and SMC are scheduled to release their results later Thursday. Source: Dow Jones Newswires
US stocks rallied, with the Dow surging 410 points to a new record high, while the S&P 500 and Nasdaq posted modest gains, as confidence grew that the prolonged government shutdown would end this week. The healthcare sector led the way, led by Eli Lilly (up 3%) and AbbVie (up 3.6%), reflecting steady earnings momentum in the sector. The financial sector also outperformed as buyers flocked to major banks, with Goldman Sachs (up 3.5%), JPMorgan (up 1.5%), and American Express (up 0.7%). Meanwhile, AMD (AMD) surprisingly rose with stronger projections, rising 9%, helping lift peers like...