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Asia-Pacific markets opened lower on Monday after a week that saw a broad rally in stocks. Traders in Asia will watch out for central bank releases this week, including the Bank of Korea’s rate decision and minutes of the Reserve Bank of Australia’s August meeting. Inflation data from Japan and...
Asia-Pacific markets were mixed on Friday after Thursday’s sell-off saw some indexes in the region hit their lowest level in months. The sell-off came as traders rotated out of tech on Wall Street, pushing major U.S. indexes on Wednesday lower, with the S&P and Nasdaq extending their losses...
Asia-Pacific markets saw a sell off on Thursday, tracking losses on Wall Street as the S&P 500 and Nasdaq Composite saw their worst days since 2022. The broad market index lost 2.31%, closing at 5,427.13, while the tech-heavy Nasdaq slid 3.64% to end at 17,342.41. The Dow Jones Industrial...
Asia-Pacific markets fell on Monday, as news emerged that U.S. President Joe Biden had dropped out of the presidential race, endorsing Vice President Kamala Harris as the Democratic nominee. Investors will also assess the impact of the massive global IT outage on Friday. Machines running...
Asia-Pacific markets were mostly up, with Japan’s key benchmark hitting new highs on Friday, after scaling record peaks in the previous session. Japan’s Nikkei 225 continued its record-breaking run, climbing 0.46% in early trade. The broad-based Topix also extended its gains and advanced 0.06% to...
Asia-Pacific markets rose Thursday morning as Japan’s Topix crossed its all-time high of 2,886.50, previously set in December 1989. The Topix jumped 0.56% in early morning trading, while the Nikkei 225 rose 0.55%. The Nikkei is less than 150 points from its all-time high of 40,888.43. Investors...
Asia-Pacific markets opened higher on Wednesday, after U.S. Federal Reserve Chair Jerome Powell noted progress on inflation, but reiterated patience on cutting rates at a central banking forum. Traders in Asia await June business activity data from India, Japan and China which is set for release...
Asia-Pacific markets fell on Tuesday, despite gains on Wall Street that saw the Nasdaq Composite reached a new record on the strength of tech stocks. The index was led by gains in Microsoft, Apple and chipmaker Nvidia. It advanced 0.83% to end at 17,879.3. Traders in Asia are assessing South...
Asia-Pacific markets started the second half of the year mixed as investors assessed official June business activity data from China and Japan’s business confidence readings. China released its official PMI figures on the weekend, with its manufacturing PMI coming in at 49.5, unchanged from May...
Asia-Pacific markets opened lower on Thursday, as the Japanese yen weakened to a near 38-year low late Wednesday, hitting 160.82 against the U.S. dollar, according to FactSet data. The yen last breached the 160 level against the dollar two months ago, prompting the Japanese government to prop it...
Asia-Pacific markets mostly opened lower Wednesday as investors anticipate Australia’s inflation numbers for May and Singapore’s May manufacturing output data. Australia’s weighted inflation rate is expected to come in at 3.8% in May, according to a Reuters poll of economists. This is higher than...
Asia-Pacific markets mostly climbed higher on Tuesday, even as U.S. Big Tech stocks sold off in favor of other sectors such as banking and energy. Tech darling Nvidia dropped 6.68% on Monday and was one of the biggest contributors to the Nasdaq’s losses. Information technology was the S&P...
Asia-Pacific markets fell on Monday, ahead of inflation data from Australia and Japan later this week. Special attention will be paid to Australia’s May consumer price index figures on Wednesday, after Reserve Bank of Australia Governor Michelle Bullock revealed the central bank discussed hiking...
Asia-Pacific markets fell on Friday as Wall Street continued to extend losses, despite a post-earnings rally from tech darling Nvidia. Nvidia shares rose 9.3% on Thursday, following a stellar earnings that topped expectations. Investors assessed April inflation from Japan for clues on the Bank...
Asia-Pacific markets were mixed after minutes from the last U.S. Federal Reserve meeting revealed that Fed officials have grown more concerned about inflation, with members indicating they lacked confidence to move forward on interest rate reductions. In Asia, investors will assess flash business...
Asia-Pacific markets started Tuesday mixed as tech shares pushed the Nasdaq Composite to record highs. Nvidia shares gained more than 2% overnight on multiple bullish analyst calls that highlighted the company’s preeminent market position. Several Wall Street firms also increased their price...
Asia-Pacific markets were all lower on Friday, tracking Wall Street’s losses overnight and giving up gains from the previous day. Traders will also be watching chip stocks, after Taiwanese chip giant Taiwan Semiconductor Manufacturing Corp beat first quarter revenue and profit expectations on...
Asia-Pacific markets were mixed on Thursday, following Wall Street’s overnight losses which saw the S&P 500 and the Nasdaq Composite fall for a fourth straight day. Tech stocks led markets lower as artificial intelligence darling Nvidia fell nearly 4%, joined by Netflix, Meta, Apple and...
Asia-Pacific markets rebounded after Tuesday’s broad sell-off, with traders watching trade data out of Japan and Singapore on Wednesday. Investor sentiment, however, might be tempered by comments from U.S. Federal Reserve Chair Jerome Powell, who said there has been “a lack of further progress so...
Asia-Pacific markets extended their declines as the world awaits Israel’s response to Iran’s air assault over the weekend. On Tuesday, China’s first-quarter gross domestic product numbers will be in focus, with the world’s second-largest economy expected to grow 4.6% from a year ago. China’s...
