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 Nikkei 225 index jumped 1.71% to 43,378, while the broader Topix index rose 1.63% to 3,108 on Friday (August 15), recovering from the previous session's decline as stronger-than-expected GDP data boosted sentiment. Japan's economy grew 0.3% in the second quarter, up from 0.1% growth in the first quarter, which also matched the consensus forecast. This positive surprise was primarily driven by net exports, which added 0.3 percentage points to growth despite headwinds from US tariffs. Globally, higher-than-expected US producer price inflation dampened speculation of a half-point Federal...
Hong Kong stocks plunged 332 points (-1.3%) to 25,192 in Friday morning trading, extending their decline into a second session. Selling pressure spread across most sectors, particularly financials, technology, and consumer discretionary, as regional risk appetite weakened. Sentiment was weighed down after Chinese data for July showed industrial output and retail sales below expectations, confirming slowing economic momentum amid persistent external risks, weather disruptions, and weak domestic demand. The surveyed unemployment rate also rose to 5.2%, a four-month high. Nevertheless, the...
The Nikkei 225 Index climbed 0.5% to above 42,800, while the broader Topix Index advanced 0.75% to 3,080 on Friday, rebounding from the prior session's losses as stronger-than-expected GDP data lifted sentiment. Japan's economy expanded 0.3% in the second quarter, accelerating from a 0.1% growth in Q1 which was also the consensus forecast. The upside surprise driven mainly by net exports, which added 0.3 percentage points to growth despite headwinds from US tariffs. Globally, a hotter-than-expected US producer price inflation reading tempered bets on a supersized half-point Federal Reserve...
Asian markets are expected to open mixed. Australia's S&P/ASX 200 is expected to start the day slightly lower, with futures tied to the benchmark at 8,838, compared to the index's last close of 8,873.8. Japan's Nikkei 225 is expected to open higher, with futures in Chicago at 42,795, while those in Osaka last traded at 42,770, compared to the index's last close of 42,649.26. Futures for Hong Kong's Hang Seng Index were at 25,316, indicating a weaker open compared to the HSI's last close of 25,519.32. (alg) Source: CNBC
Stocks recovered from lows reached earlier on Thursday, with investors buying the dip once again in spite of a dour wholesale inflation report. The late-day gains mean the S&P 500 notched its third straight record close, by the slimmest of margins, settling up 0.03% at 6,468.54. The Nasdaq Composite and Dow Jones Industrial Average were marginally lower, with the tech heavy index ending the day down 0.01% at 21,710.67, and the 30-stock Dow losing 11.01 points, or 0.02%, to close at 44,911.26. The S&P and Nasdaq were both down 0.4% at their lows before bouncing back. The Dow shed...