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....
The Nikkei 225 Index rose 1.53% to close at 42,580 while the broader Topix Index added 1.03% to 3,080 on Thursday, rebounding from the previous session's decline and tracking a tech-led rally on Wall Street. Gains were driven by Alphabet and Apple, which surged after Google's parent avoided a breakup in an antitrust case, though persistent concerns about the global economy kept sentiment cautious. A pullback in bond yields also supported equities, with Japan's 10-year yield easing from 17-year highs. On Wednesday, Bank of Japan Governor Kazuo Ueda reaffirmed that the bank's stance on rate...
The Hang Seng Index opened up 145 points, or 0.57%, reaching 25,489 points. The National Enterprises Index gained 52 points, also up 0.57%, to stand at 9,102 points, while the Technology Index increased by 41 points, or 0.73%, to 5,725 points. Technology stocks performed well, with Tencent rising by 1%, Alibaba by 0.1%, Meituan by 0.3%, Xiaomi by 0.7%, JD.com by 1.6%, and Kuaishou by 1%. Financial stocks also supported the market, with HSBC Holdings up 0.8%, AIA Insurance increasing by 0.3%, China Ping An rising by 1%, and Hong Kong Exchanges and Clearing up by 0.3%. Source: DimsumDaily
Asia-Pacific markets rose Thursday following a tech rally overnight on Wall Street that lifted the S&P 500 and Nasdaq Composite, even as growing fears around the economy weighed on equities. Japan's benchmark Nikkei 225 rose 0.57% in early trading, while the Topix index increased 0.41%. Over in Australia, the S&P/ASX 200 benchmark climbed 0.67%. Meanwhile, South Korea's Kospi index traded 0.45% higher and the small-cap Kosdaq added 0.84%. Futures for Hong Kong's Hang Seng index stood at 25,332, slightly lower than its last close of 25,343.43. Australia is set to release its...
Japanese stocks are trading higher, supported by positive overnight cues from the U.S. and a decline in Treasury yields. The Nikkei Stock Average is up 0.9% at 42308.62, helped by technology and financial stocks. Mitsubishi UFJ Financial is 1.1% higher, while Sumitomo Mitsui Financial and Mizuho Financial are trading up 0.7% each. Semiconductor Equipment & Materials Makers are higher with Advantest adding 2.2% and Tokyo Electron 0.4%. USD/JPY is down 0.5% at 148.06. Source: Bloomberg
Wall Street ended mixed on Wednesday as tech strength offset broader market weakness, with investors weighing a favorable antitrust ruling for Google against signs of labor market softening. The S&P 500 gained 0.5% and the Nasdaq rose 1%, supported by a 9.1% surge in Alphabet shares after a judge allowed the company to keep Chrome and maintain its lucrative search deal with Apple, easing fears of a forced breakup. Apple stock rose 3.8%, helping boost confidence in Big Tech's resilience despite regulatory pressures. Conversely, the Dow fell 24 points as weakness in financials and energy...