Japan's Nikkei Stock Average is flat at 40681.72, as gains in electronics and brokerage shares offset declines in auto and pharmaceutical stocks. NEC Corp. is up 6.4% and Daiwa Securities Group is higher by 2.7%, while Honda Motor is down 1.7% and Chugai Pharmaceutical falls 1.2%. USD/JPY is at 148.27, compared with 148.25 as of Tuesday's Tokyo stock market close. Investors are focusing on quarterly earnings as well as any domestic political developments. Source: Marketwatch
The Hang Seng rose by 87 points, or 0.4%, to close at 23,207 on Tuesday, following a weak session the day before, as it moved away from a four-week low, lifted by expansion in the Chinese manufacturing sector. A private survey showed that factory activity in the mainland grew the most in four months, following Monday's official data that revealed the manufacturing sector expanded at the fastest pace in a year. However, capping the gains, traders anticipated the unveiling of Trump's tariffs on Wednesday. Tech, commercial services, energy minerals, and miscellaneous sectors mainly drove the...
Japan's Topix Index eked out a small gain after paring most of its earlier rise, as a fall in US futures added to worries about Donald Trump's upcoming reciprocal tariffs. Topix rose 0.1% to 2,661.73 as of market close in Tokyo, after rising as high as 2,697.33 in morning trade Nikkei was virtually unchanged at 35,624.48 Drugmakers and trading houses contributed the most to the Topix's advance, while banks and electronics makers were the heaviest drag. "There's noticeable selling in sectors seen as sensitive to the economy, such as banks and tech," as concerns about...
European stocks rebounded on the first day of the quarter as investor focus remained on an expected tariff announcement from the US. The Stoxx 600 gained 0.9% at 8:06 a.m. in London. AstraZeneca Plc rose 1.6% as its experimental cholesterol drug significantly reduced "bad" cholesterol in a mid-stage trial. US President Donald Trump will announce his reciprocal tariff push on Wednesday during an event in the White House Rose Garden, his top spokeswoman said, adding that the announcement would feature "country-based" levies. European sectors exposed to duties, such...
Shares in Hong Kong rose by 142 points, or 0.6%, to 23,247 in morning deals on Tuesday, halting the bearish trend of the prior two sessions, supported by gains in tech, energy, and consumer services. Fresh data from China lifted sentiment after a private survey showed that factory activity in the mainland grew the most in four months, following Monday's official data that revealed the manufacturing sector expanded at the fastest pace in a year. The Hang Seng rebounded from a four-week low touched the day before, tracking a rise in Wall Street's S&P and Dow Jones overnight. However,...
The Shanghai Composite rose 0.6% to surpass 3,350, while the Shenzhen Component edged up 0.4% to 10,550 on Tuesday, with mainland stocks rebounding after a two-day decline as investors reacted positively to strong factory activity data. A private survey showed that Chinese manufacturing expansion accelerated more than expected in March, reaching a four-month high amid robust external demand. Total new orders grew for the sixth consecutive month, while new export orders recorded their fastest expansion in nearly a year. However, investor sentiment remained cautious as markets awaited the...