Japanese stocks are lower due to a stronger yen and uncertainty over the impact of U.S. tariffs on corporate earnings. Auto, shipping and energy stocks lead declines. Mitsubishi Motors is down 2.1% and Kawasaki Kisen is 2.0% lower. Inpex is down 3.1% after crude oil prices fell overnight. USD/JPY is at 148.58, down from 148.81 as of Monday's Tokyo stock market close. Investors are closely watching any developments related to the leadership election for the ruling Liberal Democratic Party of Japan set for Saturday. The Nikkei Stock Average is down 0.1% at 45007.00. Source: Bloomberg.com
Wall Street stocks opened mixed on Monday, ahead of the crucial release of US inflation data and the approaching deadline for the interim tariff reduction agreement between Washington and Beijing. Minutes after trading opened, the Dow Jones Industrial Average rose 0.2% to 44,252.25, while the S&P 500 was flat at 6,388.35. The tech-rich Nasdaq Composite Index weakened 0.2% to 21,403.12. This movement comes after US employment data for the past three months showed weakness, which is considered a "green light" for the Federal Reserve to cut interest rates to boost the world's largest...
The Hang Seng added 48 points or 0.2% on Monday, ending around 24,907 after a brief dip in morning trade, lifted by optimism over fresh property market support in the mainland. Beijing city announced last Friday it would remove limits on the number of homes residents can buy in suburban areas, ending the two-unit-per-household cap and sparking gains in property stocks such as Longfor Group (1.9%), China Resources Land (1.5%), and Sunac China (1.4%). Sentiment was also supported by July CPI data in China, where consumer prices beat forecasts following government subsidies for consumer goods....
European shares rose on Monday, extending the strong momentum from last week on optimism over a potential Ukraine peace deal, while investors turned their attention to upcoming U.S. inflation data and tariff negotiations later in the week. The pan-European STOXX 600 index was up 0.3% by 0708 GMT, hovering near its strongest level since July 31. Ukrainian President Volodymyr Zelenskiy won diplomatic backing from Europe and the NATO alliance ahead of a Russia-U.S. summit this week, where Kyiv fears Russian President Vladimir Putin and U.S. President Donald Trump may try to dictate terms for...
The Hang Seng Index opened 87 points higher, or 0.35%, at 24,946 points, while the National Enterprises Index rose by 23 points, or 0.26%, to 8,918 points. The Technology Index increased by 10 points, or 0.19%, to 5,470 points. In the technology sector, Alibaba saw a rise of 1.46%, Meituan gained 0.25%, and Kuaishou added 0.19%. Conversely, Xiaomi declined by 0.39%, and Tencent remained unchanged. Source : Dimsumdaily.hk
US stocks closed higher on Friday, with the S&P 500 up 0.8%, and the Nasdaq climbing nearly 1%, while the Dow gaining 206 points. Technology shares, led by Apple which surged 4.2% following its announcement of a $600 billion US investment plan helped lift the tech-heavy Nasdaq to new intraday highs. Investor optimism was also fueled by expectations of Federal Reserve rate cuts, with President Trump nominating Stephen Miran to the Fed Board, signaling possible shifts in monetary policy, despite concerns over new tariffs imposed by the Trump administration on imports from multiple...