European stock markets edged higher on Monday, as investors looked ahead to a trading week due to feature key economic data and a potential U.S. government shutdown. The pan-European Stoxx 600 had climbed by 0.3%, while the Dax in Germany gained 0.2%, the CAC 40 in France rose 0.1%, and the FTSE 100 in the U.K. increased around 0.2%. Shares of Britain's GSK rallied over 2%, boosting the wider health care sector, on news that the drugmaker's CEO Emma Walmsley will step down. Walmsley is due to be replaced by Luke Miels in January. AstraZeneca's stock price also ticked up after the U.K....
Japan stocks were higher after the close on Monday, as gains in the Real Estate, Banking and Textile sectors led shares higher. At the close in Tokyo, the Nikkei 225 added 1.62% to hit a new all time high. The best performers of the session on the Nikkei 225 were Mazda Motor Corp (TYO:7261), which rose 7.15% or 78.50 points to trade at 1,176.00 at the close. Meanwhile, Resonac Holdings Corp (TYO:4004) added 5.81% or 229.00 points to end at 4,173.00 and IHI Corp. (TYO:7013) was up 5.00% or 755.00 points to 15,855.00 in late trade. The worst performers of the session were Keyence...
Japanese stocks rose after Prime Minister Shigeru Ishiba announced his plans to step down, fueling hopes of new catalysts such as a government spending boost. The Topix index rose 1.1% to 3,138.20—a new record high—with 1,305 stocks advancing, 299 declining, and 72 unchanged. The Nikkei 225 added 1.5% to 43,643.81. Ishiba's resignation follows weeks of pressure following the poor results of the July election. According to TBS, the Liberal Democratic Party is considering a leadership election on October 4. "The market sees this as a sign of movement after post-election stagnation," said...
Hong Kong shares rose 52 points or 0.2% to 25,468 in Monday morning trade, gaining for the second session as U.S. futures inched up after weak U.S. labor data boosted expectations of rate cuts this month. Mainland markets advanced further after weekend data showed China's forex reserves in August hit their highest since December 2015, helped by a weaker dollar, while the central bank continued to build gold holdings. Gains were led by consumer and tech stocks as property and financials lagged. Sentiment was capped by caution ahead of China's August trade data due later today, with markets...
The Nikkei 225 Index climbed 1.1% to above 43,500 while the broader Topix Index gained 0.7% to 3,127 on Monday, with Japanese shares edging closer to record highs after Prime Minister Shigeru Ishiba announced over the weekend that he will step down. His resignation followed intensifying rifts within the ruling party and weeks of pressure stemming from his national election defeat late last year. The move also came as Japan faced setbacks in securing a trade deal with the US while trying to shield its key auto industry from steep tariffs. At the same time, Japan's second quarter GDP growth...
Asia-Pacific markets traded mostly higher Monday as investors assessed the resignation of Japan's prime minister and eyed key economic data in the region. Japan's benchmark Nikkei 225 rose 0.95% after Japanese Prime Minister Shigeru Ishiba announced his resignation Sunday, following weeks of mounting pressure over his national election defeat late last year. The Topix climbed 0.51%. The Japanese yen weakened 0.64% to 148.33 against the greenback. "Japan is now set for a period of extended uncertainty going into Q4 2025," wrote analysts from BMI, a unit of Fitch Solutions. "Although the...