The Hang Seng Index surged 495 points, or 1.9%, to close at 26,322 on Monday (September 29th), recovering from two sessions of decline as all sectors contributed to the rally. Optimism increased after China's central bank on Friday promised stronger coordination between monetary and fiscal policies to support growth, while Goldman Sachs projected interest rate and RRR cuts for banks in the fourth quarter of 2025. Sentiment was also lifted by signs that Beijing's crackdown on price wars is working, with authorities urging Chinese companies in the US to avoid aggressive discounting....
Japan stocks were lower after the close on Friday, as losses in the Paper & Pulp, Transport and Communication sectors led shares lower. At the close in Tokyo, the Nikkei 225 lost 0.80%. The best performers of the session on the Nikkei 225 were Fujifilm Holdings Corp. (TYO:4901), which rose 3.56% or 128.00 points to trade at 3,727.00 at the close. Meanwhile, Japan Steel Works Ltd (TYO:5631) added 3.41% or 293.00 points to end at 8,889.00 and Tokyo Tatemono Co., Ltd. (TYO:8804) was up 3.29% or 96.00 points to 3,012.00 in late trade. The worst performers of the session were Lasertec Corp...
The Hang Seng Index started the day down by 212 points or 0.8%, closing at 26,272 points; the H-share index fell by 77 points or 0.82%, to 9,366 points; while the technology index dropped by 61 points or 0.96%, settling at 6,317 points. In the tech sector, Tencent saw a decline of 0.7%; Alibaba dropped by 2%; Meituan fell by 1.2%; Xiaomi Group was down by 0.7%; JD.com Group experienced a 1.6% decrease; and Kuaishou dropped by 0.1%. Financial stocks exhibited softness, with HSBC Holdings falling by 1.1%; AIA Insurance down by 0.4%; China Ping An declining by 0.7%; and Hong Kong Exchanges...
Asia-Pacific markets fell Friday after U.S. President Donald Trump announced fresh tariffs on furniture, heavy trucks and pharmaceutical products. Starting from Oct. 1, kitchen cabinets, bathroom vanities and associated products will face a 50% tariff, while a 30% tariff will be charged for upholstered furniture, Trump said on Truth Social early Friday. Additionally, heavy trucks will be imposed a 25% levy. Meanwhile "any branded or patented Pharmaceutical Product" faces 100% duties, except for companies that build drug manufacturing plants in the U.S., Trump added. Overnight in the U.S.,...
The Japanese stock market is poised to weaken on Friday due to uncertainty over the impact of US tariffs on corporate profits. Nikkei futures on the SGX fell 0.3% to 45,330, signaling pressure on the Japanese stock market.However, the weakening yen provided some support. The USD/JPY exchange rate stood at 149.85, higher than Thursday's close of 148.83. A weaker yen typically benefits Japanese exporters by increasing the competitiveness of their products in the global market. Investors are now focused on developments in the ruling Liberal Democratic Party (LDP) leadership election. The...
US stocks weakened for a third session on Thursday, as investors weighed strong economic data against expectations of future Fed rate cuts. The S&P 500 and Nasdaq 100 each fell 0.5%, the Dow Jones Industrial Average fell 175 points, with all sectors except energy in negative territory. Initial jobless claims fell to 218,000 for the week ending September 20, signaling a resilient labor market, while second-quarter GDP growth was revised up sharply to 3.8% annualized, driven by strong consumer spending and business investment. Market participants are now recalibrating expectations for the...