The Nikkei 225 rose 1% to around 40,200, while the broader Topix Index gained 0.9% to 2,860 in post-holiday trading on Tuesday, extending last week's gains as investors digested the weekend's election outcome. Although Japan's ruling coalition lost its majority in the upper house, the result was largely anticipated by markets. Importantly, Prime Minister Shigeru Ishiba is expected to remain in office, easing fears of political instability or a sudden resignation. Ishiba reaffirmed his commitment to stay on, citing the need to manage ongoing tariff negotiations with the US and other key...
European markets opened higher on Tuesday, reversing negative sentiment in the region, but investors will be watching borrowing costs for key European economies this week as bond yields remain elevated. The pan-European Stoxx 600 index rose 0.5% shortly after the opening bell, with most sectors in positive territory. Autos, chemicals and technology stocks led the gains. Trading updates are due from Ocado, JD Sports, Persimmon and OMV on Tuesday. Lindt & Sprüngli is due to release its latest earnings. European stock markets fell on Monday amid concerns over rising government bond...
Japanese stocks ended lower as concerns about borrowing costs mounted. Chip and auto stocks led the declines. Advantest dropped 9.2% and Honda Motor dropped 3.2%. Government bond yields rose across the curve to their highest in more than a decade as a Bank of Japan deputy governor said the central bank will discuss the possibility of raising interest rates next week. The two-year JGB yield rose 3.5 basis points to 0.680%, the highest since October 2008. The 10-year yield rose 4.5 basis points to 1.240%. The Nikkei Stock Average fell 1.8% to 38,474.30. Investors are focused on any...
Hong Kong shares rose 107 points, or 0.6%, to 18,986 on Tuesday morning, marking their first gain in seven sessions amid broad sector gains. The market rebounded from a near four-month low after December trade data showed China's exports expanded and imports hit a 27-month high. Traders also cheered Beijing's decision to allow domestic companies to raise more funds from overseas. China has also signaled it will boost consumption, expand imports and attract foreign investment this year. Adding to the bullish momentum was a modest rise in U.S. stock futures after a mixed session on Wall...
The Nikkei 225 Index fell 1.3% to around 38,700, while the broader Topix Index fell 0.6% to 2,698 on Tuesday, extending last week's downtrend as Japanese markets reopened after a long holiday weekend. The declines were in line with global markets, as stronger-than-expected U.S. jobs data dampened speculation of further interest rate cuts by the Federal Reserve. Investors also took a cautious stance amid growing speculation that the Bank of Japan will raise its inflation forecast at its policy meeting this month, potentially signaling further rate hikes. Technology stocks led the declines,...
The Nasdaq fell on Monday, while the benchmark S&P 500 bounced off a two-month low and eked out a slight gain as U.S. Treasury yields stayed elevated with investors dialing back expectations on the pace of rate cuts from the Federal Reserve. Recent economic data have indicated a resilient economy with nagging price pressures, which has pressured equities. Comments from Fed officials have pushed bond yields higher. The S&P 500 had weekly losses in four of the last five weeks. Promised tariffs from President-elect Donald Trump have also fueled worries about inflation. Treasury...