The S&P 500 rose 0.3% to a fresh record high on Thursday, while the Nasdaq gained 0.6% and the Dow Jones hovered near the flatline. Investors kept a cautious eye on the ongoing US government shutdown, though markets largely shrugged off concerns, awaiting further developments and hoping the stalemate proves short-lived. Technology led sector gains after OpenAI raised $6.6 billion in a share sale valuing the company at $500 billion and announced an agreement with South Korean chipmakers. Industrials, energy and consumer discretionary stocks also advanced, while real estate lagged. Among...
European stocks opened broadly higher, with the regional Stoxx 600 index up 0.15%, the U.K.'s FTSE 100 up 0.27%, and France's CAC 40 and Germany's DAX both up around 0.35%. Markets at least initially recovered from Friday's negative trading as Israel and Iran traded airstrikes, stoking fears of a prolonged and deadly conflict. European oil and gas stocks on the Stoxx 600 rose 1.1% amid a surge in crude prices. (alg) Source: CNBC
The Nikkei 225 index rose 1.26% to close at 38,311 while the broader Topix index gained 0.75% to 2,777 on Monday, reversing losses from the previous session as investors appeared to downplay rising geopolitical risks in the Middle East. Clashes between Israel and Iran continued over the weekend, with both sides targeting energy infrastructure and pushing up oil prices. Local equities also benefited from a weaker yen that boosted the profit outlook for Japan's export-heavy industries. Meanwhile, investors' focus shifted to the Bank of Japan's upcoming policy meeting. The central bank is...
The Hang Seng Index started weakly, down 100 points, or 0.42%, to close at 23,791 points. The H-share index fell 32 points, or 0.37%, to close at 8,622 points, while the technology index dropped 32 points, or 0.61%, to 5,207 points. Tech shares showed a general weakening trend with Tencent down 0.5%, Alibaba 0.8%, Meituan 1.3%, Xiaomi unchanged, and Kuaishou down 0.3%. Financial shares were on a downward trajectory with HSBC Holdings down 0.4%, AIA Group 0.2%, China Ping An unchanged, and Hong Kong Stock Exchanges and Clearing down 1.1%.(alg) Source: Dimsumdaily Hong Kong
The Nikkei 225 index rose 0.9% to above 38,000 while the broader Topix index gained 0.8% to 2,778 on Monday, reversing losses from the previous session as investors appeared to downplay rising geopolitical risks in the Middle East. Clashes between Israel and Iran continued over the weekend, with both sides targeting energy infrastructure and pushing up oil prices. Iran has also threatened to close the Strait of Hormuz, a vital passageway for global oil shipments, adding to market uncertainty. Despite the global tensions, domestic focus is turning to the Bank of Japan's upcoming policy...
Asia-Pacific markets rose on Monday as investors assessed escalating Israel-Iran tensions, while awaiting a batch of data from China. Oil prices surged as Israel and Iran traded barbs, while gold prices rose, as investors sought refuge in the safe-haven metal as equity markets slumped globally. The barbs continued over the weekend. Japan's benchmark Nikkei 225 rose 0.87%, while the broader Topix index gained 0.92%. In South Korea, the Kospi index rose 0.55%, while the small-cap Kosdaq gained 0.31%. Australia's S&P/ASX 200 rose 0.24% in early trade. Investors will keep a close eye on...