Japanese stocks are lower due to a stronger yen and uncertainty over the impact of U.S. tariffs on corporate earnings. Auto, shipping and energy stocks lead declines. Mitsubishi Motors is down 2.1% and Kawasaki Kisen is 2.0% lower. Inpex is down 3.1% after crude oil prices fell overnight. USD/JPY is at 148.58, down from 148.81 as of Monday's Tokyo stock market close. Investors are closely watching any developments related to the leadership election for the ruling Liberal Democratic Party of Japan set for Saturday. The Nikkei Stock Average is down 0.1% at 45007.00. Source: Bloomberg.com
The Hang Seng Index opened 101 points higher, or 0.39%, at 25,626 points. The China Enterprises Index rose by 33 points, or 0.36%, to 9,181, while the Hang Seng Tech Index advanced 32 points, or 0.55%, to 5,814. Technology stocks demonstrated steady performance, with Tencent up 0.5%, Xiaomi Group rising 0.7%, and Kuaishou gaining 0.6%. Meanwhile, Alibaba, Meituan, and JD.com remained unchanged. Financial stocks showed mixed results. HSBC Holdings gained 0.7%, AIA Group rose 0.3%, but Ping An Insurance dropped 0.7%, and Hong Kong Exchanges and Clearing added 0.5%. Automotive stocks...
Nikkei Slips 0.1%, Dragged by Energy, Videogame Stocks Japanese stocks are lower as uncertainty over the U.S. tariff impact on earnings continues. Energy and videogame stocks are leading the decline. Eneos Holdings is down 1.4% and Nintendo is 1.5% lower. USD/JPY is at 147.49, compared with 147.76 as of Tuesday's Tokyo stock market close. Investors are closely watching any developments on the war in Ukraine as well as on the potential leadership election for the ruling Liberal Democratic Party in Japan. The Nikkei Stock Average is down 0.1% at 42358.82. Source: Bloomberg
Asia-Pacific markets mostly fell on Wednesday after Wall Street gained overnight. India's markets will also be in focus as the U.S. tariffs take effect. The country currently faces additional tariffs of up to 50% on exports to the U.S., after the Trump administration escalated tariff threats in response to its substantial imports of Russian energy. Japan's Nikkei 225 slipped 0.17%, and the Topix lost 0.3%. South Korea's Kospi declined 0.17% and the small-cap Kosdaq lost 0.16%. Australia's S&P/ASX 200 added 0.23%. Futures for Hong Kong's Hang Seng index stood at 25,626, pointing to a...
The S&P 500 closed 0.4% higher on Tuesday, bolstered by gains in Nvidia, as investors balanced optimism over corporate earnings with concerns about President Trump's unprecedented removal of Federal Reserve Governor Lisa Cook. The Dow Jones added 135 points, while the Nasdaq rose 0.4%. Nvidia shares jumped 1.1% ahead of its quarterly report on Wednesday, amid high expectations for the chipmaker in the context of ongoing US-China trade tensions, and Eli Lilly surged 5.8% after announcing its experimental diabetes pill significantly reduces body weight. Although several sectors,...
European stock markets retreated on Tuesday, pulled down by French equities as traders monitored the potential for the government to lose a confidence vote next month. France's CAC 40 index plummeted more than 2% in early deals before paring losses to around 1.6% by the end of the trading session. The country's three main opposition parties said they would not back a surprise confidence vote called by Prime Minister Francois Bayrou on Monday for Sept. 8 over his budget plans. Bayrou argues around 44 billion euros ($51 billion) in budget cuts are needed to reduce the French deficit, which...