US stocks rebounded, with the three major indexes closing near record highs on Thursday (October 23rd). The S&P 500 rose 0.6%, the Dow Jones Industrial Average rose 0.3%, and the Nasdaq Composite added 0.9%. This was driven by upbeat corporate performance and the White House's announcement that President Trump will meet Chinese President Xi Jinping next Thursday in South Korea, alleviating concerns over US-China relations. Nvidia (1.1%), Amazon (1.2%), and Broadcom (1.2%) led the gains among technology stocks, while Oracle rose 2.5%. Honeywell and American Airlines jumped 6.8% and 7.2%...
The Nikkei 225 index closed sharply lower by 2.6% to 46,847.32 on Tuesday, posting its biggest daily decline since April 11. The pressure came after the Komeito party withdrew from Japan's governing coalition, increasing political uncertainty and raising concerns of a short-term correction in the stock market. This situation is also considered to complicate the path of Sanae Takaichi, the new president of the Liberal Democratic Party (LDP), to become the next prime minister. Major stocks also fell, with MonotaRO plunging 10%, Furukawa Electric dropping 7.5%, and Chugai Pharmaceutical...
Hong Kong stocks rose on Tuesday, ending six consecutive days of declines. The Hang Seng Index rose 0.2% to 25,925, as investors expressed optimism that tensions between China and the United States would ease. This hope arose after the two countries opened the door to renewed negotiations. Blue-chip stocks such as Pop Mart and BYD led the gains, while gold and technology stocks also moved positively. This increase signals a stabilization in the market after a previous sell-off triggered by geopolitical concerns. US President Donald Trump signaled a possible meeting with Chinese President Xi...
Asia-Pacific markets traded mixed Tuesday, breaking ranks with Wall Street that soared after U.S. President Donald Trump softened his stance on China. Following a slew of tit-for-tat trade restrictions and heated exchanges, Trump said "Don't worry about China, it will all be fine!" in a Truth Social post Monday. China has slapped fees on U.S. ships for docking at its ports, in retaliation for similar charges imposed by Washington on Chinese ships. Both fees are scheduled to kick in Tuesday. Japan's benchmark Nikkei 225 index declined 1.34%, while the Topix lost 1.31%. South Korea's Kospi...
The Nikkei 225 index fell 1.4% to 47,406.06 on Tuesday (October 14th), pressured by rising political uncertainty in Japan. JPMorgan analysts called this decline a complete reversal of the "Takaichi trade"—a term referring to expectations of fiscal expansion, delayed interest rate hikes, a weaker yen, rising stocks, and a steeper yield curve. Several blue-chip stocks posted sharp declines, with MonotaRO plunging 6%, Ebara Corp. down 4.85%, and Chugai Pharmaceutical falling 4.3%. Meanwhile, USD/JPY was steady at 152.49, compared to 152.29 at Monday's close in New York, after Japanese markets...
Major US stock indexes closed sharply higher on Monday (October 13), recovering from Friday's sharp sell-off after President Trump took a softer stance on US-China trade tensions, assuring that relations with Beijing "will be fine." The S&P 500 and Nasdaq 100 rose 1.6% and 2.2%, respectively, while the Dow Jones Industrial Average surged 593 points, as investors returned to riskier assets following Trump's comments. Trump's remarks helped ease fears of an escalating trade war after last week's threat of 100% tariffs on Chinese goods wiped out approximately $2 trillion in market value....