Asian stock markets continued their rally for a third day, tracking gains on Wall Street. Indexes in Japan, South Korea, and Australia opened higher after the S&P 500 rose 0.9% and the Nasdaq 100 gained 0.6%. Meanwhile, markets also focused on Chinese stocks after Alibaba weakened in US trading following its earnings report. This positive sentiment arose after US consumer confidence data for November fell sharply and retail sales rose only slightly. The data signaled that consumer spending was beginning to slow after several months of strong demand, reinforcing market expectations that...
Japanese stocks rose early in the session as the market remained hopeful that the Fed would cut interest rates, following Wall Street's overnight rally. The electronics and technology sectors were the driving force, with Lasertec shares rising 2.8%, Murata Manufacturing up 2.7%, and SoftBank Group also rebounding, rising 2.3% after earlier weakness. On the currency side, the USD/JPY pair hovered around 156.16, down slightly from 156.74 at the Tokyo market close on Tuesday. Investors also continued to monitor Prime Minister Sanae Takaichi's economic policies to gauge the direction of Japan's...
The Dow Jones Industrial Average closed higher on Tuesday (November 25th) after posting another rally, as traders weighed expectations for a Federal Reserve interest rate cut and the state of artificial intelligence trading. The blue-chip index gained 664.18 points, or 1.43%, to close at 47,112.45. The S&P 500 rose 0.91% to close at 6,765.88, while the Nasdaq Composite gained 0.67% to end at 23,025.59. This marked a reversal from earlier losses. At its session low, the S&P 500 fell about 0.7%, while the tech-heavy Dow Jones and Nasdaq were down more than 100 points, or 0.2%, and...
European stocks advanced on Tuesday as regional markets cemented their positive start to the week. The pan-European Stoxx 600 closed the session preliminarily 0.9% higher, with most major bourses and sectors in positive territory at the closing bell in London. The moves come after major U.S. averages rebounded on Monday, driven by strength in the artificial intelligence trade and renewed hopes of a Federal Reserve interest rate cut. Asia-Pacific markets also traded higher overnight, boosted by Wall Street's rally. Traders continue to watch for any news that can affect the Fed's upcoming...
The Hang Seng rose 178 points or 0.7% to finish at 25,894 on Tuesday, extending strength for a second session amid broad-based sector advance. Sentiment improved after U.S. President Trump described relations with China as "extremely strong" following a call with Xi Jinping on Monday. Risk appetite was also lifted by a rebound in mainland stocks from a two-month low, following the PBoC's CNY 1 trillion MLF operation today, which resulted in a net liquidity injection of about CNY 100 billion. The tech index gained 1.2%, tracking an overnight rally in U.S.-listed peers as traders downplayed...