The Hang Seng Index fell 63 points, or 0.2%, to 26,283 on Thursday (October 30th), reversing early gains and marking its second consecutive session of declines. Sentiment turned cautious despite China's Ministry of Commerce stating that Beijing and Washington had agreed to extend their temporary trade truce for another year following a meeting between US Presidents Trump and Xi Jinping in South Korea. Traders noted that significant gaps remain, with a partial tariff rollback unlikely to help struggling Chinese exporters or reverse weak domestic consumer demand. Caution also grew ahead of...
The Nikkei 225 jumped 1.8% to close at 40,281 on Friday, marking a second straight day of gains and hitting its highest since mid-October, with most sectors contributing to the rally. The broader Topix index rose 1.3% to close at 2,802, as a weaker yen boosted exporters and fueled broad gains. Meanwhile, BOJ Governor Kazuo Ueda reiterated the need to monitor economic risks but refrained from providing clear guidance on future interest rate hikes. On the data front, Japan's retail sales grew the most in three months in November, while industrial output fell less than expected. However, a...
The Hang Seng Index rose for a third day, rising 0.2%, or 49.15, to 20,147.44 in Hong Kong. Xiaomi Corp. was the biggest contributor to the index's gain, rising 5.3%. Lenovo Group Ltd. was the biggest gainer, rising 7.8%. In midday trading, 37 of 83 stocks rose, while 41 fell; two of four sectors rose, led by trade and industrial stocks. Source: Bloomberg
Japanese shares rose, led by gains in autos and electronics shares, as a weaker yen boosted earnings growth hopes. Toyota Motor rose 1.0% and Renesas Electronics gained 2.0%. USD/JPY was at 157.85, compared with 157.36 at the close of trading on the Tokyo Stock Exchange on Thursday. Investors were watching for any comments on the yen's recent depreciation from Japanese government officials. The Nikkei Stock Average was up 0.5% at 39,753.32. Source: Bloomberg
The Dow Jones Industrial Average erased earlier losses and squeezed out a small gain in thin trading Thursday after the market's strong back-to-back gains at the start of the holiday week. The blue-chip Dow closed the day 28.77 points, or 0.07%, higher to 43,325.80 after losing about 182 points earlier in the session. The S&P 500 dipped just 2.45 points, or 0.04%, to 6,037.59. The Nasdaq Composite also ended the day slightly lower, declining less than 0.1% to 20,020.36. The market was closed on Wednesday for Christmas Day. Thursday's action came after a solid Christmas Eve for the...
The Dow Jones Industrial Average fell 135 points, down for the first time in five sessions. The S&P 500 dipped 0.3% and the Nasdaq Composite also declined 0.3%. The market was closed on Wednesday for Christmas Day. The major averages could see their first down day this week after back-to-back gains. So far, the S&P 500 is up 1.6% this week, while the Dow has gained 0.8%. The strong rally in megacap tech lifted the Nasdaq up 2.1% week to date. Investors were enthusiastic about the so-called Santa Claus rally, which occurs in the last five trading days of the year and the first two...