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...
US stocks attempted a rebound on Wednesday, with both the S&P 500 and the Nasdaq adding nearly 0.2% while the Dow Jones gained 45 points, halting the sharp selloff seen in the previous sessions. The communication services sector was the top performer while energy lagged amid a drop in oil prices. Nvidia rose 1.7% as investors await its earnings report after the closing bell, viewed as a key test for big tech. Lowe's jumped more than 4% after beating earnings expectations and TJX Companies was up 1% as its earnings and revenues topped estimates. On the other hand, Meta fell 1.4%...
Both the STOXX 50 and STOXX 600 were flat on Wednesday (November 19), trading near lows not seen since late September, but attempting to stabilize after four consecutive sessions of losses. However, investor sentiment remained low as concerns over overvaluation of AI and technology stocks persist, with Nvidia scheduled to report quarterly results today. UniCredit was among the worst-performing stocks (-1.2%) following reports that it may be considering smaller Italian rival BPER as a potential acquisition target. Engie (-1.3%), RWE (-0.8%), and Iberdrola (-0.8%) also traded in the red,...
The Hang Seng Index fell 99 points, or 0.4%, to close at 25,831 on Wednesday (November 19), extending its decline for a fourth session and holding at its lowest level in two weeks. Sentiment remained weak after Wall Street's prolonged decline on Tuesday ahead of the release of Nvidia's earnings report, the latest FOMC meeting minutes, and key US employment data. Concerns also grew that President Trump's lower approval rating could spur more fiscal spending and increase inflation risks. Diplomatic tensions between China and Japan persisted, further weighing on risk appetite. Locally, markets...
The Nikkei 225 closed down 0.34% to 48,538 on Wednesday, while the broader Topix index fell 0.17% to 3,246. This marked the fourth consecutive day of declines for Japanese stocks. The main pressure came from the technology sector, which is still being punished by the market due to concerns about overvaluation. Investors also chose to be cautious ahead of Nvidia's highly anticipated earnings release, given that many Japanese technology companies are connected to the global AI supply chain. Several major technology stocks weighed on the index, including Advantest (-0.6%), Lasertec (-2.2%),...
The Hong Kong stock exchange opened Wednesday with limited gains. The Hang Seng Index edged up around 24 points to 25,954, indicating the market hasn't fully lifted its cautious stance. Early in the session, technology and financial stocks were the main focus due to their inconsistent movements. In the technology sector, the Hang Seng Technology Index rose around 0.37% to 5,666, while the Hang Seng China Enterprises Index also gained around 0.19% to 9,192. Several major names, such as Tencent and Alibaba, moved positively, rising around 0.6% and 0.7%, respectively. Meituan and JD.com only...