The S&P 500 was flat Thursday as it aimed to wrap up its best first-quarter performance in five years. The broad market index was little changed, as was the Dow Jones Industrial Average. The Nasdaq Composite was also trading unchanged. For the quarter, the S&P 500 is up about 10%. It is on pace for its best first-quarter gain since 2019, when it rallied 13.1%. The 30-stock Dow, up 5.5% during the period, is tracking for its strongest first-quarter performance since 2021 when it advanced 7.4%. The Nasdaq is up 9.3% in the quarter thus far. Source: CNBC
Japanese equities dropped, erasing earlier gains, as investors assessed the potential for reduced China stimulus after strong economic data as well as hot US inflation that could prompt further Fed rate hikes. The Topix fell 0.2% to close at 1,994.57, while the Nikkei declined 0.1% to 27,498.87. Mitsubishi UFJ Financial Group Inc. contributed the most to the Topix decline, decreasing 1%. Out of 2,160 stocks in the index, 881 rose and 1,161 fell, while 118 were unchanged. "While the conversation around China's recovery has been positive for Japanese stocks, concerns...
A rally in Asian shares sputtered on Thursday, pressured by a pullback in Chinese stocks and higher U.S. yields amid fears that global central banks would keep raising interest rates to combat sticky inflation. MSCI's broadest index of Asia-Pacific shares outside Japan lost 0.3%, reversing some of the 2.1% gain in the previous session - the index's best day in two months. Japan's Nikkei on the other hand, eased 0.2%. Hong Kong's Hang Seng Index retreated 1.0%, after registering the biggest daily gain of 4.2% in nearly three months the previous day, buoyed by unexpectedly robust...
Hong Kong stocks opened sharply lower Thursday morning as profit-takers jumped in following a more than four percent surge the previous day, while a negative lead from Wall Street added to selling pressure. The Hang Seng Index sank 1.11 percent, or 229.69 points, to 20,390.02. The Shanghai Composite Index lost 0.13 percent, or 4.34 points, to 3,308.01, while the Shenzhen Composite Index on China's second exchange dipped 0.10 percent, or 2.11 points, to 2,161.71. Source : AFP
Japanese equities rose slightly, extending gains from Wednesday after better-than-expected China economic data pointed toward a strong recovery. The Topix rose 0.2% to 2,002.10 as of 9:02 a.m. Tokyo time, while the Nikkei advanced 0.2% to 27,579.11. Nippon Telegraph & Telephone Corp. contributed the most to the Topix gain, increasing 0.7%. Out of 2,160 stocks in the index, 1,240 rose and 598 fell, while 322 were unchanged. "Based on China's PMI data yesterday, the country's economic recovery was positively perceived," said Takashi Ito, senior strategist at...
Nikkei Tokyo shares recovered from earlier losses and ended higher as the market was supported by China's positive economy data. The benchmark Nikkei 225 index climbed 0.26 percent, or 70.97 points, to close at 27,516.53, while the broader Topix index rose 0.23 percent, or 4.53 points, to 1,997.81. Hang Seng Hong Kong and mainland stocks rallied more than four percent Wednesday after forecast-busting Chinese data showed factory activity expanding at its fastest pace in over 10 years, indicating the economy is rebounding from zero-Covid. The Hang Seng Index jumped 4.21 percent, or 833.77...