Asia-Pacific markets traded mixed Monday, as investors keep a close watch on the People's Bank of China's decision on its 1-year and 5-year loan prime rates for July, as well as the latest developments on the trade front. Trade came into focus once again over the weekend as the White House reiterated its position on tariffs. On Sunday, U.S. Commerce Secretary Howard Lutnick called Aug. 1 the "hard deadline" for countries to start paying tariffs, though he also added that "nothing stops countries from talking to us after August 1." South Korean markets started the day higher Monday. As of...
European stocks are headed for a weak start to the trading day as global markets prepare for Tuesday's US presidential election, with the outcome of the vote looking too close to call between former President Donald Trump and current Vice President Kamala Harris. The UK's FTSE 100 is expected to open 15 points lower at 8,177, Germany's DAX is down 12 points at 19,149, France's CAC is down 1 point at 7,374 and Italy's FTSE MIB is up 73 points at 34,358, according to data from IG. Earnings are due to come from Saudi Aramco, Adecco, Schaeffler, Deutsche Post DHL, Zalando, Hugo Boss, Bouygues,...
The Nikkei 225 Index jumped 1.11% to close at 38,475 while the broader Topix Index gained 0.76% to 2,664 in post-holiday trade on Tuesday, as a solid corporate outlook, helped in part by a weaker yen, supported Japanese equities. Sentiment also improved after Japan extended its trading hours by 30 minutes from Tuesday to encourage more stock market activity, the first such move in 70 years. Meanwhile, investors remained cautious ahead of the closely contested US presidential election and the latest Federal Reserve rate decision. Technology stocks led the charge, with strong gains from Disco...
The Hong Kong market opened lower on Tuesday, with investors' attention focused on the US presidential election, and a central bank meeting this week. The Hang Seng Index fell 157.58 points, or 0.77 percent, to open at 20,409.94. On Wall Street overnight, blue chip indices closed lower ahead of the presidential vote and a key US Federal Reserve meeting later this week, the Dow fell 0.6 percent, the S&P lost or 0.3 percent and the Nasdaq also shed 0.3 percent. Source : rthk.hk
The Nikkei 225 Index jumped 1.1% to above 38,400 while the broader Topix Index gained 0.4% to 2,655 in post-holiday trade on Tuesday, as a solid corporate outlook, helped in part by a weaker yen, supported Japanese equities. Investors also continued to assess the monetary policy outlook in the country after the Bank of Japan held interest rates steady at 0.25% last week and highlighted diminishing global economic risks that could set the stage for further rate hikes. Meanwhile, investors remained cautious ahead of the closely contested US presidential election and the latest Federal...
The Hang Seng Index rose for the second day, climbing 0.3%, or 61.09 to 20,567.52 in Hong Kong. Alibaba Group Holding Ltd. contributed the most to the index gain, increasing 1.1%. Trip.com Group Ltd. had the largest increase, rising 4.8%. Today, 48 of 82 shares rose, while 26 fell; all sectors were higher, led by commerce and industry stocks. Source : Bloomberg