Tokyo stocks closed lower on Wednesday tracking falls on Wall Street, as optimism over US-China trade talks receded after recent comments from both sides. The benchmark Nikkei 225 index lost 0.31 percent, or 66.07 points, to close at 21,469.18, while the broader Topix index inched down 0.08 percent, or 1.33 points, at 1,567.41. Source : AFP
Tokyo stocks rose on Thursday, extending US rallies on growing expectations of a rate cut, while Nintendo surged after the game giant unveiled a scaled back, cheaper version of its Switch console. The benchmark Nikkei 225 index gained 0.51 percent, or 110.05 points, to close at 21,643.53, while the broader Topix Index was up 0.47 percent, or 7.31 points, at 1,578.63. Source : AFP
Hong Kong stocks started with gains on Thursday as investors welcomed a dovish testimony by Federal Reserve boss Jerome Powell that reinforced hopes for an interest rate cut. The Hang Seng Index rose 0.51 percent, or 143.17 points to 28,347.86. The benchmark Shanghai Composite Index rose 0.44 percent, or 12.76 points, to 2,928.06, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, gained 0.51 percent, or 7.97 points, to 1,558.84. Source : AFP
Asian stocks rose and the dollar sagged on Thursday after Federal Reserve Chair Jerome Powell reinforced prospects of a U.S. interest rate cut later this month. In an appearance before his congressional overseers on Wednesday, Powell confirmed that the U.S. economy is still under threat from disappointing factory activity, tame inflation and a simmering trade war. Powell said the central bank stands ready to œact as appropriate. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.2%, while Japan's Nikkei added 0.15%. South Korea's climbed 0.7%. Australian stocks were...
Tokyo stocks opened higher on Wednesday, extending rallies on Wall Street after dovish testimony from Federal Reserve Chair Jerome Powell that offered the prospect of looser monetary policy. The benchmark Nikkei 225 index was up 0.16 percent or 34.71 points at 21,568.19 in early trade, while the broader Topix Index was up 0.19 percent or 3.02 points at 1,574.34. Source : AFP
Hong Kong stocks ended on a positive note Wednesday with attention now turning to the start of key congressional testimony from Federal Reserve boss Jerome Powell later in the day. The Hang Seng Index added 0.31 percent, or 88.41 points, to 28,204.69. The benchmark Shanghai Composite Index slipped 0.44 percent, or 12.93 point, to 2,915.30, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, lost 0.46 percent, or 7.24 points, to 1,550.87. Source : AFP