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
European markets opened in negative territory on Monday, which will be the region's last full trading session of the year. The pan-European Stoxx 600 index fell about 0.4% shortly after the opening bell, with all sectors and major bourses in negative territory. Industrials, media and technology stocks led the declines. Trading is expected to be subdued in Europe on Monday, as markets prepare to end the New Year holiday. Over the weekend, European Central Bank Governing Council member Robert Holzmann told Austrian newspaper Kurier that the institution could slow down its interest...
The Hang Seng fell 49 points, or 0.24%, to close at 20,041 on Monday, following a lackluster performance in the previous session. Losses were led by the technology, property and consumer discretionary sectors as traders remained cautious ahead of China's official December PMI data, due for release on Tuesday. China's economic recovery remained uneven in November, with factory activity expanding for a second month while the services sector stagnated. Meanwhile, US futures plunged as Wall Street prepared for the final trading week of 2024, amid rising US Treasury yields and concerns over the...
The Nikkei stock index on Monday expanded 19 percent from a year earlier, ending at its highest level on record on the back of solid company earnings and a weaker yen boosting export-oriented issues. Stocks fell on the final trading day of the year, however, with the 225-issue Nikkei Stock Average ending down 386.62 points, or 0.96 percent, from Friday at 39,894.54. The broader Topix index finished 16.76 points, or 0.60 percent, lower at 2,784.92. Japanese financial markets will be closed from Tuesday through Sunday for the New Year holidays. Source : mainichi.jp
The Hang Seng Index opened 0.1% lower, dropping 21.74 to 20,068.72, as stocks lose for the second straight day in Hong Kong. Meituan contributed the most to the index decline, decreasing 0.7%. Lenovo Group Ltd. had the largest drop, falling 3.0%. In early trading, 43 of 83 shares fell, while 35 rose; 2 of 4 sectors were lower, led by commerce and industry stocks. Source : Bloomberg
Japanese stocks fluctuate between gains and losses on the last trading session of the year in Tokyo as higher US yields supported banks, while a slump on Wall Street weighed on exporters. Topix rose 0.1% to 2,803.91 as of 9:30 a.m. Tokyo time Nikkei 225 declined 0.3% to 40,141.08 Mitsubishi UFJ Financial Group contributed the most to the Topix's gain, increasing 1.4%. Out of 2,124 stocks in the benchmark index, 1,231 rose and 730 fell, while 163 were unchanged. "US stocks are falling, led by technology stocks, due to profit-taking after the large annual gains and the...