Hong Kong stocks rose modestly on Tuesday, as investors positioned ahead of the Politburo meeting in China that could set the economic tone for the rest of the year, while sentiment remained upbeat following the launch of the world's largest hydropower dam project on the eastern rim of the Tibetan Plateau. The Hang Seng Index gained 135.89 points, or 0.5%, to close at 25,130.03, while the Hang Seng China Enterprises Index (HSCEI) added 35.40 points, or 0.4%, to 9,075.60. Focus is now on the upcoming Politburo meeting, convened by Chinese President Xi Jinping later this month, which could...
The Nikkei 225 index rose 0.59% to close at 38,537 while the broader Topix index gained 0.35% to 2,787 on Tuesday, extending gains from the previous session as investors reacted to the Bank of Japan's latest policy decision. As expected, the central bank kept its policy interest rate steady at 0.5% and signaled a more gradual approach to balance sheet reduction starting next year, reflecting a cautious approach toward withdrawing stimulus. BOJ Governor Kazuo Ueda stressed that policymakers are closely monitoring economic conditions, especially amid changing global trade dynamics, and left...
Hong Kong shares fell 59 points, or 0.2%, to 24,008 on Tuesday, reversing gains from the previous session as most sectors fell. A sharp drop in U.S. stock futures weighed on sentiment after President Trump urged evacuations from Tehran, stoking fears of a wider conflict as tensions between Israel and Iran entered a fifth day. Caution also prevailed ahead of the Fed's two-day policy meeting that begins today, with a rate decision due on Wednesday. While the Fed is widely expected to keep rates unchanged for a fourth straight day, rising geopolitical risks and rising oil prices could cloud...
The Nikkei 225 rose 0.3% to above 38,400, while the broader Topix gained 0.1% to 2,780 on Tuesday, extending gains from the previous session as investors awaited the Bank of Japan's latest policy decision. The central bank is widely expected to keep interest rates unchanged as it monitors developments in U.S. trade policy and assesses the inflationary impact of rising oil prices. Japanese equities also benefited from a rebound on Wall Street, where investors largely shrugged off rising tensions in the Middle East. Meanwhile, U.S. President Donald Trump called for a full evacuation of...
The Dow Jones Industrial Average (DJIA) found firmer footing on Monday, kicking off the new trading week on a high note and paring away most of the late-week losses that pushed indexes into the red last Friday. Israel launched strikes against Iranian targets under the auspices of denying Iran access to nuclear weapons. Israel is one of only four countries to not sign the Nuclear Non-Proliferation Treaty, and is also not a party to the Treaty on the Prohibition of Nuclear Weapons. Despite Israel's strikes quickly spiraling out into barrages of missile launches between Iran and Israel that...
US stocks were higher on Monday, erasing most of the losses from the previous session as markets reconsidered fears that the conflict between Israel and Iran would trigger global economic shocks. The S&P 500 and the Dow were around 0.7% higher, while the tech-heavy Nasdaq 100 added more than 1%. Hostilities between Tehran and Tel-Aviv persisted after exchange of strikes, but softer concerns that allies would join the conflict or that strikes would hamper global energy supply supported a rebound in risk sentiment. On the macroeconomic front, the FOMC is set to hold rates this week and...