The Hang Seng Index plunged 454 points, or 1.7%, on Tuesday (November 18th), its sharpest one-day drop since mid-October, and closed at a two-week low of 25,930. The index fell for a third straight session, weighed down by broad declines across sectors. Sentiment soured due to the global market slump, with traders anxiously awaiting Nvidia's earnings report amid valuation concerns and the delayed release of US data, including the September employment report. Technology stocks slumped nearly 2% as the recent rally showed signs of exhaustion. Property, financial, and consumer discretionary...
Asia-Pacific markets traded mixed Tuesday, breaking ranks with Wall Street that soared after U.S. President Donald Trump softened his stance on China. Following a slew of tit-for-tat trade restrictions and heated exchanges, Trump said "Don't worry about China, it will all be fine!" in a Truth Social post Monday. China has slapped fees on U.S. ships for docking at its ports, in retaliation for similar charges imposed by Washington on Chinese ships. Both fees are scheduled to kick in Tuesday. Japan's benchmark Nikkei 225 index declined 1.34%, while the Topix lost 1.31%. South Korea's Kospi...
The Nikkei 225 index fell 1.4% to 47,406.06 on Tuesday (October 14th), pressured by rising political uncertainty in Japan. JPMorgan analysts called this decline a complete reversal of the "Takaichi trade"—a term referring to expectations of fiscal expansion, delayed interest rate hikes, a weaker yen, rising stocks, and a steeper yield curve. Several blue-chip stocks posted sharp declines, with MonotaRO plunging 6%, Ebara Corp. down 4.85%, and Chugai Pharmaceutical falling 4.3%. Meanwhile, USD/JPY was steady at 152.49, compared to 152.29 at Monday's close in New York, after Japanese markets...
Major US stock indexes closed sharply higher on Monday (October 13), recovering from Friday's sharp sell-off after President Trump took a softer stance on US-China trade tensions, assuring that relations with Beijing "will be fine." The S&P 500 and Nasdaq 100 rose 1.6% and 2.2%, respectively, while the Dow Jones Industrial Average surged 593 points, as investors returned to riskier assets following Trump's comments. Trump's remarks helped ease fears of an escalating trade war after last week's threat of 100% tariffs on Chinese goods wiped out approximately $2 trillion in market value....
US stocks climbed sharply on Monday, with the S&P 500 up 1.3%, the Nasdaq surging 1.6%, and the Dow Jones rising more than 450 points, rebounding from Friday's steep losses that marked the S&P's biggest one-day drop since April. Traders appeared to shake off renewed tensions in the US–China trade dispute after Washington threatened higher tariffs in response to Beijing's rare earth export controls. Over the weekend however, President Trump struck a softer tone, saying the "China situation will all be fine". In addition, a multi-year partnership to develop custom chips between OpenAI...
The Tokyo Stock Exchange was closed today (Monday, October 13) for Health and Sports Day, so the benchmark level is based on the Nikkei 225's final close of 48,088.80 (-1.01%) on Friday (October 10). Trading continued in derivatives, but sentiment remained fragile following Asian turmoil due to renewed US-China trade tensions following Washington's threat of new tariffs. This has dampened risk appetite in the region, although US futures have attempted a rebound. In Japan, the market is also monitoring political uncertainty following the collapse of the LDP-Komeito coalition and the dynamics...