Nikkei Struggles Above 50,000, a Sign of Starting Fatigue? | Nikkei Ngerem di Atas 50.000, Tanda Mulai Lelah? The Nikkei index is expected to open cautiously on Friday, trading within the 50,000 area after a sharp rally over the past week. Nikkei futures are expected to move only slightly around 50,100, in line with projections for a flat opening for Asian markets as the global rebound begins to lose steam. The previous day, the Nikkei had risen around 1.2% and closed around 50,167, driven by positive sentiment from hopes of a Fed rate cut in December, which has revived investor risk...
Hong Kong stocks weakened on Thursday, signaling sluggish "golden week" holiday shopping in mainland China. The Hang Seng Index fell 1.1% to 26,521.75 as of 9:55 a.m. local time, while Hang Seng Tech shed 0.6%. On the mainland, markets reopened with the CSI 300 up 0.4% and the Shanghai Composite up 0.2%. The main highlight came from Hang Seng Bank, which surged 27% to HK$150.60—having soared as high as 41% earlier in the session—following HSBC's proposal to privatize the bank at HK$155 per share (a 30.3% premium). Among other movers, ZTO Express rose 1.9%, Li Auto +1.4%, Trip.com +1.2%, and...
Japanese stocks rose early in the session, with the Nikkei rising 0.7% to 48,069.81, led by technology and electronics stocks. A weaker yen helped ease concerns about the impact of US tariffs on exporters' earnings. Kioxia jumped 8.3%, SoftBank Group rose 4.5%, and Tokyo Electron added 1.4%. In the currency market, USD/JPY was at 152.60 (vs. 152.45 at Wednesday's close), confirming support for export-oriented stocks. Investors were also watching for potential policy moves by Sanae Takaichi after her election as the new LDP leader.(az) Source: Newsmaker.id
Asian stocks opened higher, following Wall Street's rally fueled by AI-fueled euphoria. The S&P 500 rose 0.6% and the Nasdaq 100 rose 1.2%. Japan and Australia led gains, while China's ADR rose 0.9% ahead of the mainland market's reopening after Golden Week. The yen was nearly flat after hitting its weakest level since February, fueling speculation of intervention. In commodities, gold fell slightly but remained above $4,000/oz due to profit-taking and easing safe-haven demand following signals of a Gaza peace plan. Oil also weakened amid focus on peace and US inventory data. US stock...
European stock markets rallied on Wednesday, with equities in France perfomring strongly despite ongoing political upheaval in the country. The pan-European Stoxx 600 index climbed 0.8%, while the DAX in Germany increased by 1%, and the FTSE 100 in the United Kingdom gained 0.7%. Sectors like industrials, basic resources, banks, and insurance outperformed. France's CAC 40, meanwhile, moved up 1.1%. The index has been volatile throughout the week, fueled by the surprise resignation of Prime Minister Sebastien Lecornu on Monday. The outgoing Lecornu, who is holding last-minute talks over...
The S&P 500 rose slightly on Wednesday, a day after it snapped a seven-day win streak because of a drop in Oracle that called to question the sustainability of the artificial intelligence trade. The government shutdown is also in its second week. The benchmark index climbed 0.1%, while the Nasdaq Composite advanced 0.4%. The Dow Jones Industrial Average fell 62 points, or 0.2%. Nvidia shares rose more than 1% after CEO Jensen Huang said that demand has risen in recent months, telling CNBC that "this year, particularly the last six months, demand of computing has gone up...