Nikkei Tokyo's key Nikkei index suffered its largest drop in more than three years Friday, following reports that Israel carried out strikes on Iran and after US tech stocks fell. The benchmark Nikkei 225 index ended down 2.66 percent, or 1,011.35 points, to 37,068.35, marking its largest fall in points since February 2021. Hang Seng Hong Kong shares sank Friday as reports said explosions had been heard in Iran and Syria, sparking worries of a region-wide war in the Middle East after last weekend's attack on Israel by Tehran. The Hang Seng Index fell 0.99 percent, or 161.73 points, to...
European stocks edged higher on more stimulus from China and upbeat German data as investors prepared for Federal Reserve Chair Jerome Powell's speech that'll provide an update on the monetary policy's outlook. The Stoxx 600 Index added 0.3% by the close in London after earlier rising as much as 0.8%. Energy and mining led the advance among sectors, and Shell Plc and Glencore Plc outperformed. Technology stocks jumped alongside a rally in the Nasdaq 100 Index as Treasury yields dropped. Retail stocks underperformed as Jefferies said in a note...
The S&P 500 rose Thursday after all three major averages ended higher during the daily trading session. Dow Jones Industrial Average fell 68 points, or 0.21%. S&P 500 and Nasdaq Composite climbed 0.25% and 0.54%, respectively. Snowflake jumped 19% after posting a beat on revenue. Salesforce fell more than 7% after the company provided a disappointing forecast for fiscal 2023. The Dow on Wednesday rose slightly along with the S&P 500. For both averages, the gains snapped three-day long losing streaks. The tech-heavy Nasdaq Composite also ticked up 0.41%. The market action took...
Hong Kong stocks closed Thursday's typhoon-shortened session with big gains after China's latest economic stimulus helped lift the mood across markets in Asia. The Hang Seng Index surged 3.63 percent, or 699.64 points, to finish the day at 19,968.38. Source : AFP
European markets advanced on Thursday as global investors await the start of the U.S. Federal Reserve's Jackson Hole economic symposium. The pan-European Stoxx 600 index gained 0.7% in early trade, with basic resources adding 1.2% to lead gains as all sectors and major bourses entered positive territory. The Fed's annual symposium kicks off on Thursday, with Chairman Jerome Powell due to deliver a speech Friday. Investors will be listening for information on the central bank's monetary tightening trajectory as it looks to rein in inflation, and whether interest rate cuts are in sight at...
Tokyo stocks closed higher Thursday, tracking overnight US gains ahead of a meeting of global central bankers that may offer clues about the future pace of interest rate hikes. The benchmark Nikkei 225 index snapped a five-day losing streak and gained 0.58 percent, or 165.54 points, to end at 28,479.01, while the broader Topix index rose 0.48 percent, or 9.42 points, to 1,976.60. Source: AFP