Japanese stocks declined on Tuesday (April 11th), following a sharp rise earlier. The Nikkei index fell 0.5%, reaching 52,136.68, with the retail and technology sectors leading the losses. Aeon Co. shares fell 4.6%, while Recruit Holdings fell 3.6%, indicating profit-taking after a period of significant gains. Despite the Japanese market's decline, investors are still paying close attention to policy developments from Prime Minister Sanae Takaichi. Policy measures taken by the Japanese government could provide further clues about the direction of the country's economy. Investors are still...
European equity markets are set for a positive open on Friday after three consecutive days of heavy selling, as sentiment is starting to stabilize. Investors continue to assess the region's economic outlook and monetary policy. Earlier this week, stocks faced pressure from disappointing earnings reports from major U.S. tech companies, which negatively impacted market sentiment. In addition, investors are preparing for the upcoming U.S. presidential election and the Federal Reserve's latest decision next week. On a more concerning note, data released on Thursday showed that inflation in the...
The Nikkei 225 index fell 2.63% to close at 38,054, while the broader Topix index dropped 1.9% to 2,644 on Friday, extending losses from the previous session and mirroring declines on Wall Street on disappointing corporate news from Microsoft and Meta Platforms. Local stocks also came under pressure as the yen rose following a less dovish statement from the Bank of Japan and signs of easing price pressures in the U.S. The stronger yen hurt the earnings outlook for Japan's export-heavy industries. Technology stocks were particularly hard hit, with significant losses for Advantest (-4.4%),...
The Hang Seng Index opened 0.3% higher at 20,376.93 in Hong Kong. Meituan contributed the most to the index gain, increasing 2.3%. China Overseas Land & Investment Ltd. had the largest increase, rising 3.1%. In early trading, 41 of 82 shares rose, while 37 fell; 3 of 4 sectors were higher, led by finance stocks. Source : Bloomberg
Japanese stocks fell after the yen strengthened as much as 1% against the dollar overnight and US technology shares slumped. The Nikkei 225 Stock Average dropped 2% as of 9:12 a.m. in Tokyo, while the broader Topix slipped 1.3%. Exporters such as automakers and technology companies were among the heaviest drags on the Topix. The yen reached a one-week high of 151.79 per dollar, after jumping as much as 1% on Thursday. Bank of Japan Governor Kazuo Ueda said Thursday that currency markets have had a major impact on the economy, pointing to another potential...
Asia-Pacific markets are set for a mixed open on Friday, after Wall Street benchmarks the Nasdaq Composite and the S&P 500 posted their worst day in nearly two months on a downbeat Microsoft earnings forecast and MetaTrader results. Traders await a raft of economic data from the region, including Australia's third-quarter producer price index reading and China's Caixin manufacturing purchasing managers' index for October. Japan's Nikkei 225 appears set for a weaker open, with futures in Chicago at 38,470 and its Osaka counterpart at 38,370 against the index's last close of...