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...
The benchmark S&P 500 and the Nasdaq opened higher on Tuesday, with investors assessing Donald Trump's tariff pledges on top trade partners of the U.S. and awaiting minutes from the Federal Reserve's latest meeting. The Dow Jones Industrial Average (.DJI), fell 121.7 points, or 0.27%, at the open to 44,614.89. The S&P 500 (.SPX), rose 12.7 points, or 0.21%, at the open to 6,000.03, while the Nasdaq Composite (.IXIC), rose 54.2 points, or 0.28%, to 19,109.082 at the opening bell. Source : Reuters
The best performers of the session on the Nikkei 225 were Kao Corp. (TYO:4452), which rose 4.13% or 260.00 points to trade at 6,562.00 at the close. Meanwhile, M3 Inc (TYO:2413) added 4.05% or 57.00 points to end at 1,465.50 and Sapporo Holdings Ltd. (TYO:2501) was up 3.37% or 282.00 points to 8,639.00 in late trade. The worst performers of the session were Fujikura Ltd. (TYO:5803), which fell 6.76% or 381.00 points to trade at 5,259.00 at the close. Lasertec Corp (TYO:6920) declined 5.49% or 970.00 points to end at 16,705.00 and Kawasaki Heavy Industries, Ltd. (TYO:7012) was down 5.39% or...
The Hang Seng Index advanced slightly to 19,159.20 in Hong Kong. The move follows the previous session's decrease of 0.4%. Alibaba Group Holding Ltd. contributed the most to the index gain, increasing 1.7%. Baidu Inc. had the largest increase, rising 4.2%. Today, 35 of 82 shares rose, while 44 fell; 2 of 4 sectors were higher, led by finance stocks. Source : Bloomberg
European equity markets were poised to open sharply lower on Tuesday, as global sentiment soured following US President-elect Donald Trump's vow to raise tariffs on China, Mexico, and Canada, fueling concerns over escalating global trade tensions. Regional markets have faced pressure since Trump's election, with fears that his administration could target European economies and companies with additional tariffs. Meanwhile, there are no major economic or earnings reports scheduled in Europe for today. In pre-market trading, Euro Stoxx 50 and Stoxx 600 futures were both down around...
The Shanghai Composite rose 0.6% to above 3,280 while the Shenzhen Component gained 0.1% to 10,430 on Tuesday, with mainland stocks recovering losses from the previous session amid hopes that Beijing would implement more stimulus measures to support economic growth and mitigate the impact of escalating US tariffs. However, sentiment remained cautious as US President-elect Donald Trump announced plans to impose an additional 10% tariff on all Chinese goods entering the US. Notable performers included East Money Information (+1.5%), Guangdong Dongfang (+2.3%), Zhejiang Jinke (+4.6%),...