The Nikkei 225 Index climbed 1.73% to close at 53,689, while the broader Topix Index rose 0.74% to 3,616 on Thursday, snapping a five-day losing streak as Japanese shares were lifted by a strong rally in chip and artificial intelligence related stocks. Sentiment was boosted by comments from Nvidia CEO Jensen Huang at the World Economic Forum in Davos, which reinforced investor enthusiasm for the AI theme. Top performers in the technology sector included Kioxia Holdings (8.6%), SoftBank Group (11.6%), Lasertec (5.8%), Disco Corp (17.1%) and Advantest (5%). Meanwhile, Japanese...
The Nikkei 225 Index rose 0.6% to 53,698.24 in the latest trading session. The gains were supported by financial and electronics stocks, which managed to withstand pressure from weakening retail and some technology stocks. In stock markets, Japan Post Bank surged 3.3% and Kioxia Holdings rose 6.0%. Conversely, Aeon Co. fell 3.2% and Recruit Holdings weakened 3.3%. Meanwhile, the broader Topix index fell 0.4% to 3,521.08, indicating uneven market gains. In the currency market, USD/JPY was at 153.08, up from 152.62 at the Tokyo close on Wednesday. Investors now await the earnings season,...
Hong Kong shares started the day on a softer note, with the Hang Seng Index falling 199 points, or 0.72 per cent, to open at 27,627. The broader market also came under pressure, as the China Enterprises Index dropped 60 points, or 0.63 per cent, to 9,452. Technology stocks were similarly weaker in early trading, with the Hang Seng Tech Index declining 46 points, or 0.79 per cent, to 5,853. Despite the cautious mood across the market, Zijin Mining moved against the trend, rising by 1.87 per cent in morning deals. (mrv) [sma] Source : Newsmaker.id
Shares in Hong Kong plunged 412 points, or 1.5%, to 27,545 in early Friday trade, snapping a seven-session winning streak amid widespread losses across sectors. Traders booked profits after markets hit a 4-1/2-year high in the prior session, while caution mounted ahead of China's official January PMI data due over the weekend. Sentiment was also pressured by a sharp drop in U.S. stock futures, following a mostly lower close on Wall Street overnight after Apple warned of margin headwinds. Zijin Gold Intl. (-6.9%) and Zhaojin Mining (-4.1%) plunged amid a retreat in metals, while Kuaishou...
Japanese stocks traded mixed today. The Nikkei 225 index fell 0.2% to 53,256.62 due to pressure from electronics stocks, while the Topix index rose 0.5% to 3,561.66 thanks to strength in other sectors. The Nikkei's decline was primarily driven by large technology stocks: Advantest fell 5.3% and Keyence fell 3.8%. Meanwhile, defensive and commodity sectors helped cushion the decline, with Chugai Pharmaceutical surging 4.4% and Eneos Holdings rising 3.0%. In the foreign exchange market, USD/JPY strengthened to 153.39 from 152.96 at the Tokyo close on Thursday. Investors are now awaiting the...