Japanese stocks climbed to finish the strongest quarter in more than a decade on a high note for the Nikkei 225 and Topix indexes, as signs of strength in both the domestic economy and the US made investors bullish. Topix Index rose 0.6% to 2,768.62 as of market close Tokyo time, that's about 4% away from reaching its all time record high in December 1989. Nikkei advanced 0.5% to 40,369.44. Mitsubishi Heavy Industries Ltd. contributed the most to the Topix Index gain, increasing 6.1%. Out of 2,148 stocks in the index, 1795 rose and 303 fell while 48 were...
Stock futures slipped Wednesday as investors looked ahead to the Federal Reserve's Wednesday meeting. Futures tied to the Dow Jones Industrial Average shed 121 points or 0.35%. S&P 500 futures and Nasdaq Composite futures were down 0.32% and 0.2%, respectively. The moves come after stocks jumped to end January on a strong note. The Dow Jones Industrial Average ended the day nearly 369 points higher, rising by 1.09%. The S&P 500 gained 1.46% to cap its best January performance since 2019. The tech-heavy Nasdaq Composite rose 1.67%, its best January performance in 22 years. Still,...
Shares in Hong Kong rebounded from a two-day drop on Wednesday as traders tracked a rally on Wall Street ahead of a key Federal Reserve policy decision later in the day. The Hang Seng Index jumped 1.05 percent, or 229.85 points, to 22,072.18. The Shanghai Composite Index rose 0.90 percent, or 29.25 points, to 3,284.92, while the Shenzhen Composite Index on China's second exchange jumped 1.45 percent, or 31.03 points, to 2,173.59. Source : AFP
European markets open Wednesday with investors keeping a close eye on the U.S. Federal Reserve's next monetary policy decision later today. The pan-European Stoxx 600 index was 0.25% higher shortly after the open after two sessions of losses. Overall, it saw a gain of 6.72% for January. The health-care and financial services sectors led gains, both up 0.5%, while insurance and telecoms slipped 0.25%. Traders widely expect a 25 basis point increase from the Fed, but will monitor commentary for clues about how much further the central bank intends to hike, or when it plans to cut...
Tokyo stocks trimmed earlier gains and ended nearly flat Wednesday as investors waited for the US Fed to conclude its policy meeting. The benchmark Nikkei 225 index edged up 0.07 percent, or 19.77 points, to 27,346.88, while the broader Topix index slipped 0.15 percent, or 3.04 points, to 1,972.23. Source : AFP
Hong Kong stocks opened slightly higher Wednesday morning after suffering two days of hefty losses, with focus on a key Federal Reserve policy decision later in the day. The Hang Seng Index edged up 0.36 percent, or 78.47 points, to 21,920.80. The Shanghai Composite Index gained 0.20 percent, or 6.53 points, to 3,262.20, while the Shenzhen Composite Index on China's second exchange added 0.21 percent, or 4.45 points, to 2,147.00. Source : AFP