US stocks closed higher on Monday as investors tried to stabilize the market following last week's losses driven by cracks in AI-related trading and concerns over new tariffs. The S&P 500 rose 0.2%, the Nasdaq 100 advanced 0.4%, and the Dow Jones added 69 points, supported by gains in tech and AI-focused companies such as Nvidia (+2.1%), AMD (+1.2%), and Micron Technology (+4.2%). Video game company Electronic Arts jumped 4.5% after announcing a $55 billion take-private deal, reflecting broader M&A momentum that has topped $1 trillion this year. Market participants are closely...
European stocks were lower on Wednesday, with the STOXX 50 falling 0.2% and the STOXX 600 losing 0.3%, as investors remained cautious following remarks from Fed Chair Powell the previous day. Powell highlighted persistent risks in both the labor market and inflation, while also noting that equity prices appear relatively high. Geopolitical tensions also stayed in focus, with US President Trump escalating his rhetoric against Russia. "I think Ukraine, with the support of the European Union, is in a position to fight and WIN all of Ukraine back in its original form", Trump posted on social...
The Nikkei 225 rose 0.3% to close at 45,630 while the Topix gained 0.23% to 3,170 on Wednesday, reversing losses from earlier in the session, with technology shares driving gains. Japanese equities also drew support from foreign inflows and sustained global optimism around artificial intelligence. On the data front, September PMI figures showed manufacturing remained in contraction despite forecasts for growth, while services expanded at a slower pace. Investors now await Tokyo inflation data and the Bank of Japan's July meeting minutes for policy clues. Meanwhile, US markets retreated...
Stocks in Hong Kong edged up 27 points, or 0.1%, to 26,186 in Wednesday morning trade, trying to reverse losses from the prior two sessions as most sectors advanced. Bargain hunting, particularly in property stocks, helped lift the market from its near two-week low. Investors were also encouraged by modest gains in China's markets after a drop in the previous session, following a press briefing by top financial regulators, including the PBoC governor, that offered no new support measures. However, overnight losses on Wall Street limited gains after remarks from Federal Reserve Chair Jerome...
Japanese indexes corrected on Wednesday, with the Nikkei 225 down 0.1% to ±45,450 and the Topix down 0.5% to 3,147, erasing the previous session's gains. Pressure came from Wall Street, which retreated from record highs after Fed Chairman Jerome Powell highlighted overpriced valuations and uncertainty about the direction of interest rate cuts amid a complex policy environment.Sentiment was also weighed down by doubts about the sustainability of the AI-driven rally that has been driving major US technology stocks. Investors in Japan tended to reduce risk ahead of the next round of global data...
Asia-Pacific markets fell Wednesday, tracking Wall Street declines after U.S. Federal Reserve Chair Jerome Powell said that "equity prices are fairly highly valued." Powell also signaled that the rate-cutting path wasn't clear and that the central bank faces a "challenging situation." Australia's ASX/S&P 200 lost 0.61%. Japan's benchmark Nikkei 225 slipped 0.33%, while the Topix lost 0.35%. South Korea's Kospi lost 0.11%, while the small-cap Kosdaq traded 0.39% lower. Hong Kong's Hang Seng Index was set to open higher, with its futures contract last traded at 26,188 against the...