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...
U.S. stock futures fell Thursday as the prospect of the Fed responding aggressively to 40-year high inflation left traders wary at the start of the U.S. corporate earnings season. S&P 500 futures dipped 28 points, or 0.7%, to 3778. Dow Jones Industrial Average futures fell 164 points, or 0.6%, to 30586. Nasdaq 100 futures eased 80 points, or 0.7%, to 11682. On Wednesday, the Dow Jones Industrial Average fell 209 points, or 0.67%, to 30773, the S&P 500 declined 17 points, or 0.45%, to 3802, and the Nasdaq Composite dropped 17 points, or 0.15%, to 11248. The S&P 500 by...
Hong Kong stocks finished on the back foot again Thursday as another forecast-beating spike in US inflation ramped up expectations the Federal Reserve will press ahead with its aggressive interest rate hikes. The Hang Seng Index slipped 0.22 percent, or 46.74 points, to 20,751.21. The Shanghai Composite Index fell 0.08 percent, or 2.55 points, to 3,281.74, while the Shenzhen Composite Index on China's second exchange rose 0.79 percent, or 17.11 points, to 2,192.70. Source : AFP
European stocks opened slightly lower on Thursday as global markets digest the latest U.S. inflation data. The pan-European Stoxx 600 index opened 0.3% lower with most sectors in negative territory apart from autos and travel and leisure stocks. European stocks closed lower Wednesday as investors reacted to hotter-than-expected U.S. inflation data. The consumer price index, a broad measure of everyday goods and services, soared 9.1% in June from a year ago, and above the 8.8% Dow Jones estimate. That marked another month of the fastest pace for inflation going back to December 1981....
Tokyo stocks closed higher as bargain-hunting, helped by a cheaper yen, overwhelmed losses in early trade. The benchmark Nikkei 225 index ended up 0.62 percent, or 164.62 points, at 26,643.39 while the broader Topix index rose 0.23 percent, or 4.28 points, to 1,893.13. Source : AFP
Hong Kong stocks rose slightly at the open Thursday, helped by a small bounce in tech firms, though traders face severe headwinds after US inflation data exceeded forecasts and came in above nine percent for the first time in more than 40 years. The Hang Seng Index edged up 0.10 percent, or 20.32 points, to 20,818.27. The Shanghai Composite Index slipped 0.21 percent, or 6.84 points, to 3,277.45, while the Shenzhen Composite Index on China's second exchange also fell 0.21 percent, or 4.66 points, to 2,170.93. Source : AFP