Hong Kong's stock market was under pressure again at the start of the week as investors remained cautious ahead of the release of US September non-farm payrolls (NFP) data on Thursday—the first significant data since the 43-day government shutdown. Uncertainty about the Federal Reserve's interest rate direction dampened risk appetite. The Hang Seng Index fell 0.7%, extending its 1.9% decline from Friday, while Hang Seng Tech fell 0.6%. The biggest pressure came from technology and travel stocks, including Trip.com, which fell 3.9%, Baidu, which fell 2.1%, and WuXi AppTec, which fell 2.7%....
Japan's blue-chip Nikkei 225 index rallied to a new high thanks to a positive earnings report from chip equipment maker Advantest and a new Japan-US investment plan that boosted tech stocks. However, exporters such as automakers weighed on the broader Topix index, as the yen's strength against the US dollar dampened market sentiment. The Nikkei rose 2.2% to 51,307.65, an all-time high, at the close in Tokyo. The Topix index fell 0.2% to 3,278.24. Of the 1,671 stocks in the index, 204 rose and 1,447 fell, while 20 were unchanged. Advantest was the Nikkei's best performer, rising 22%, the...
Japanese stocks surged strongly. The Nikkei 225 index rose around 1.3% to near 50,900 on Wednesday, briefly setting a new record. Japanese market sentiment was also influenced by the tech rally on Wall Street, where artificial intelligence (AI) euphoria remains a key driver. Nvidia soared again after CEO Jensen Huang announced a series of new partnerships and dismissed the "AI bubble" issue. Japanese stocks close to the AI and chip supply chain also surged, including big names like Advantest, SoftBank Group, Lasertec, Fujikura, and Disco Corp. Japanese investors are also positioning...
Asian stock markets opened higher on Wednesday (October 29th), buoyed by positive sentiment from Wall Street. Investors are confident that the artificial intelligence (AI) trend can continue to drive profits for major tech companies, while bets are growing that the Fed will cut interest rates. Japanese and South Korean stocks rose, while Hong Kong was closed. In the US, the S&P 500 edged higher, but shares of tech giants—the "Magnificent Seven"—continued to rally, rising around 1.3%. The US dollar weakened for a third straight day, oil remained weak due to signs of oversupply, and gold...
European stocks closed slightly lower on Tuesday after reaching record peaks on the previous session on mixed earnings results, while markets continued to assess the outlook on global trade and European rates. The STOXX 50 inched down by 5,701 and the STOXX 600 lost 03% to 576. Pharmaceutical companies led the losses in the session with a 4.3% slump for Novartis after the Swiss giant posted softer earnings than expected. Roche and Novo Nordisk both fell 2.5% In the meantime, BNP Paribas fell 3.5%, also on an earnings miss. On the other hand, HSBC jumped 4.4% after raising its 2025...
Wall Street's main indexes opened at record highs on Tuesday after upbeat forecasts from companies such as UnitedHealth and UPS, while Apple (AAPL.O), opens new tab topped $4 trillion in market value for the first time, boosted by strong demand for its latest iPhone models. The Dow Jones Industrial Average (.DJI), opens new tab rose 207.8 points, or 0.44%, at the open to 47,752.35. The S&P 500 (.SPX), opens new tab rose 22.6 points, or 0.33%, at the open to 6,897.74, while the Nasdaq Composite (.IXIC), opens new tab rose 129.0 points, or 0.55%, to 23,766.463 at the opening...