The Hang Seng Index rose 192 points, or 0.75%, to end at 25,690 on Friday, extending its gains for a third session as all major sectors advanced. Sentiment was boosted by continued gains in mainland China's stock market amid reports that ByteDance had reached an agreement with three major investors to form a joint venture to operate the TikTok app in the US, aiming to avoid a potential ban. Hopes for fresh stimulus from Beijing before the end of the year also supported the market, while traders awaited the upcoming People's Bank of China (PBOC) interest rate decision. Man Wah Holdings...
The Nikkei 225 was little changed, closing at 49,303, while the broader Topix Index edged up 0.08% to 3,341 on Tuesday, as markets stabilized after a 1.89% drop in the previous session. Market sentiment improved after Bank of Japan Governor Kazuo Ueda said the BOJ would weigh the risks of rate increases while keeping financial conditions accommodative even after a potential hike. Sentiment was further boosted by Japanese Finance Minister Satyuki Katayama, who said there was no gap between the government and the Bank of Japan in their assessments of the economy. Gains in financials,...
Japanese stocks closed slightly lower on Tuesday, with the Nikkei 225 index down just 0.01%. The main pressure came from the Paper & Pulp, Transportation, and Communications sectors, which tended to weaken. Although the index appeared sluggish, the market was actually quite lively under the surface: the number of declining stocks far outnumbered the advancing ones, at 2,535 to 1,035, while the remaining 256 stocks remained unchanged. On the other hand, several leading stocks still stole the show. Nippon Electric Glass Co., Ltd. surged nearly 10% to 6,335.00, hitting a five-year high....
Asia Pacific stock markets opened cautiously on Tuesday morning, December 2, 2025. Sentiment remained weighed down by the global downturn in early December, the sharp fall in the crypto market, and concerns about rising bond yields, which have made investors more risk-averse. The benchmark Asian stock index had previously fallen around 0.3%, led by a decline in the Japanese market, after a hawkish statement from the Bank of Japan (BOJ) sparked concerns about faster policy tightening. This morning's focus remained on Japan. The main Japanese stock index was trading around 49,500 points and...
The Japanese stock market rebounded at the start of trading, after being pressured the previous day due to concerns about a short-term interest rate hike by the Bank of Japan (BOJ). This time, the banking and insurance sectors were the main drivers of the rally. Mizuho Financial Group shares rose 2.6%, while Dai-ichi Life Holdings gained 2.0%, indicating a recovery in investor buying interest. In the foreign exchange market, exchange rate movements were relatively calm. The USD/JPY pair was around 155.52, little changed compared to Monday's Tokyo stock market close of 155.64. The yen's...
US stocks weakened slightly in early December, with the S&P 500 and Nasdaq each falling about 0.4% and the Dow Jones Industrial Average falling about 0.7%. All three benchmark indexes rebounded from deeper declines earlier in the session due to continued volatility. Caution dominated the market ahead of this week's key economic data releases, including the delayed September PCE report, all before next week's FOMC decision. Bitcoin fell more than 6% to trade below 86,000, extending last month's decline below 90,000 and weighing on broader risk sentiment, dragging down crypto-related...