Asia-Pacific markets opened mixed Wednesday, following gains on Wall Street ahead of a potential U.S. government shutdown as lawmakers continue to wrangle over details of a second temporary spending bill. Investors in Asia will look toward the Reserve Bank of India's rate decision late Wednesday. Japan's Nikkei 225 sunk 0.2% at its open, while the broad based Topix was down 0.85%. In South Korea, the blue-chip Kospi was up 0.94%, and the small-cap Kosdaq gained 0.84%. Australia's S&P/ASX 200 slipped 0.32% in early trade. Markets on mainland China and Hong Kong were closed for a...
Japanese stocks rose after the close on Thursday, as gains in the Banking, Services and Electricity/Machinery sectors helped stocks advance. At the close in Tokyo, the Nikkei 225 gained 0.32%. The best performers on the Nikkei 225 were Hino Motors, Ltd. (TYO:7205), which rose 9.49%, or 48.40 points, to trade at 558.60 at the close. Meanwhile, Furukawa Electric Co., Ltd. (TYO:5801) gained 7.68%, or 507.00 points, to close at 7,110.00 and Dainippon Screen Mfg. Co., Ltd. (TYO:7735) rose 5.48% or 550.00 points to close at 10,585.00 in the last trade. The worst performers on the session were...
European markets are expected to open in mixed territory Thursday, retreating from gains in the previous trading session as traders cheered a cooler-than-expected inflation print in the U.S. The U.K.'s FTSE 100 index is expected to open 9 points higher at 8,306, Germany's DAX down 26 points at 20,595, France's CAC down 15 points at 7,475 and Italy's FTSE MIB up 8 points at 35,705, according to data from IG. Trading updates are set to come from Whitbread, Deliveroo and Richemont, while Rio Tinto releases its latest operational review. Data releases include German inflation figures and...
Shares in Hong Kong soared 319 points or 1.7% to 19,594 on Thursday morning session, holding their bullish momentum for the third session following an overnight rally on Wall Street on the back of an unexpected decline in US core inflation figures for December and robust bank earnings. Markets reached their highest level in a week, rebounding from a near 4-month low, touched last week, buoyed by robust gains across sectors. Li Ning surged nearly 3.0% after reclaiming the official sportswear partnership with the Chinese Olympic Committee. Additionally, UBTech Robotics climbed over 2% after...
Asia-Pacific markets climbed Thursday, after U.S. markets soared on the back of an unexpected decline in core inflation numbers in December and strong bank earnings.Korea's central bank surprised market watchers by keeping benchmark rates unchanged at 3%. Economists polled by Reuters had expected the Bank of Korea to cut its policy rate by 25 basis points.South Korea's Kospi was up 1.16% while the small-cap Kosdaq index was up 1.65%, following the announcement.Japan's benchmark Nikkei 225 was trading up 0.61% while the Topix gained 0.23%. Japan's annual producer price index climbed 3.8% in...
The Nikkei 225 index rose 0.8% to around 38,750, while the broader Topix index gained 0.6% to 2,706 on Thursday, recovering some losses from earlier in the week and tracking a strong performance on Wall Street. U.S. stocks surged overnight, boosted by a surprise drop in core inflation and solid bank earnings. However, investors remained cautious about Japanese equities after Bank of Japan Governor Kazuo Ueda indicated on Wednesday that the central bank would discuss the possibility of raising interest rates at its next policy meeting next week. Meanwhile, data showed that Japanese producer...