The Hang Seng Index weakened 38 points, or 0.15%, to close at 25,524 on Tuesday (July 29th), reversing gains from the previous session as most sectors declined. Traders are increasingly cautious about the potential negative impact of the US-EU trade deal, including its implications for growth and inflation. Meanwhile, President Trump raised global tariffs by 15% to 20% for non-negotiating partners, a level not seen since the Great Depression. Profit-taking also weighed after benchmark indexes in Hong Kong and China recently hit multi-year highs. However, the benchmark indexes pared earlier...
Asia-Pacific markets traded mixed Monday as China's central bank held rates at a time when the yuan has come under pressure due to Beijing-Washington trade tensions. Mainland China's CSI 300 rose 0.18% after the People's Bank of China kept its key loan prime rates unchanged at 3.10% for 1-year loan maturities and 3.60% for 5-year loan maturities, in line with the expectations of economists polled by Reuters. Japan's benchmark Nikkei 225 fell 1.24%, while the broader Topix index declined 1.18%. In South Korea, the Kospi index was flat while the small-cap Kosdaq moved down 0.27% in choppy...
The Nikkei 225 fell 0.7% to around 34,500, while the broader Topix Index declined 0.5% to 2,545 on Monday, ending a two-day winning streak as investors turned cautious ahead of updates on US-Japan trade talks. In the latest development, Japan is reportedly considering increasing soybean and rice imports as a concession to the US. Last week, American negotiators raised concerns over barriers in Japan's automotive and rice markets, while also pressing Tokyo to expand imports of meat, fish products, and potatoes. With no major domestic economic data or earnings releases scheduled for Monday,...
Asia-Pacific markets opened mixed Monday as investors awaited China's rate decision at a time when the yuan has come under pressure due to Beijing-Washington trade tensions.Japan's benchmark Nikkei 225 fell 0.43% at the start of the day, while the broader Topix index lost 0.35%.In South Korea, the Kospi index increased 0.11% at the open while the small-cap Kosdaq was flat.Investors will be keeping a watch on the People's Bank of China's loan prime rate verdict, expected later in the day.Australian and Hong Kong markets were closed for the Easter holiday.Investors are focused on U.S....
The Nikkei 225 jumped 1.03% to close at 34,730 while the broader Topix index advanced 1.14% to 2,559 on Friday, extending gains from the previous session amid hopes that ongoing trade talks between the U.S. and Japan will lead to tariff concessions. Earlier this week, Japanese Economy Minister Ryosei Akazawa told reporters that Trump has said getting a deal with Japan is a "top priority." On the economic front, recent data showed that Japan's headline inflation eased to a four-month low of 3.6% in March, while core inflation rose as expected to 3.2%. Looking ahead, markets are focused on...
The Nikkei 225 index rose 0.2% to above 34,400 while the broader Topix index edged up 0.1% to 2,533 on Friday, extending gains from the previous session amid hopes that ongoing trade talks between the U.S. and Japan will lead to tariff concessions. Earlier this week, U.S. President Donald Trump highlighted "great progress" in the negotiations during a meeting in Washington with Japanese Economy Minister Ryosei Akazawa. On the economic front, recent data showed that Japan's headline inflation eased to a four-month low of 3.6% in March, while core inflation rose as expected to 3.2%. Looking...