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Asian Markets Edge Higher, Hong Kong’s Hang Seng Rises 1.04%

Shares in Asia-Pacific were mostly higher in Thursday trade as investors in Asia-Pacific continue monitoring the situation surrounding China Evergrande Group. Hong Kong’s Hang Seng index rose 1.04%, as of its final hour of trading, following losses earlier in the week. It had returned to trade after a holiday on Wednesday. Shares of China Evergrande Group in the city jumped more than 17%, paring some gains after soaring more than 20% earlier. That was also after days...

Asian Markets Mixed, Japan’s Nikkei 225 falls 2%

Shares in Asia-Pacific were mixed on Tuesday as investors continued monitoring the situation surrounding embattled developer China Evergrande Group. Japanese stocks declined as they returned to trade following a Monday holiday. The Nikkei 225 closed 2.17% lower at 29,839.71 as shares of conglomerate Softbank Group plunged 4.98%. The Topix index shed 1.7% on the day to 2,064.55. Hong Kong’s Hang Seng index, which was dragged down by more than 3% on Monday amid investor fears around Evergrande, rose 0.51% to close...

Asian Pacific Stocks Lower, Hang Seng Index Drops more than 3%

Hong Kong’s Hang Seng index led losses among Asia-Pacific markets in Monday trade, with shares of embattled Chinese developer China Evergrande Group continuing to drop. The Hang Seng index dropped 3.3% to close at 23,099.14. Shares of China Evergrande Group in the city plummeted 10.24%, after falling as much as 17% earlier. The Hang Seng Properties Index dropped to a 52-week low, falling 6.69% on the day. Shares of insurers listed in asia also plunged. AIA dropped 4.94% while...

Asian Markets Edge Higher, Chinese Stocks Lead Regional Losses

Asia-Pacific stocks were largely lower on Thursday, with Chinese stocks leading losses regionally. By the mainland market close on Thursday, the Shanghai Composite dropped 1.34% to 3,607.09 while the Shenzhen component plunged 1.954% to 14,258.13. Hong Kong’s Hang Seng index declined 1.46% to close at 24,667.85, with most casino stocks listed in the city seeing a second straight day of sharp losses. Shares of Wynn Macau in Hong Kong dropped 4.69%, Sands China fell 7.96% and Melco International Development slipped 0.76%. Those moves followed a Wednesday plunge...

Asian Markets Edge Lower, Investors React to Chinese Economic Data

Shares in Asia-Pacific were largely lower on Wednesday, as investors reacted to the release of Chinese economic data. Hong Kong’s Hang Seng index dropped 1.84% to close at 25,033.21 — falling more than 1% for the third straight session. Casino stocks listed in the city plunged amid fears over tighter regulations as Macao kicked off a public gaming consultation. Shares of Wynn Macau plummeted 29%, while Sands China plunged more than 32%. Galaxy Entertainment Group dropped around 20%. Mainland Chinese stocks closed lower,...

Asian Pacific Stocks Mixed, Investors Watch out for U.S Inflation Data

Shares in Asia-Pacific were mixed on Tuesday as investors looked ahead to the release of U.S. consumer inflation data for August. In Hong Kong, China Evergrande Group’s stock plunged 11.87% after the embattled property developer on Tuesday flagged expectations for a “significant continuing decline in contract sales in September,” as confidence falls following negative media reports surrounding the firm. Shares of China Evergrande New Energy Vehicle and Evergrande Property Services, units that Evergrande has been attempting to sell, also plummeted 24.66%...

Asian Markets Mixed, Hong Kong Shares Lead Losses

Shares in Asia-Pacific were mixed on Monday, with stocks in Hong Kong leading losses. Hong Kong-listed shares of Alibaba dropped 4.23% following a Financial Times report that Beijing wants to break up Ant Group’s Alipay and force the creation of a separate loans app. Other Chinese tech stocks also declined, with Tencent falling 2.45% while Meituan slipped 4.47%. The Hang Seng Tech index dropped 2.27% to 6,595.03. Chinese electric vehicle stocks fell after the country’s industry minister said consolidation in the sector is...

Asian Markets Edge Higher, Hong Kong’s Hang Seng Index Jumps Nearly 2%

Shares in Asia-Pacific rose on Friday, as investors monitored Hong Kong-listed stocks of firms in regulation-hit sectors such as video games. Shares of Tencent in Hong Kong jumped 2.08% on Friday while NetEase gained 3.14% — a partial recovery after the heavy losses seen Thursday. Gaming stocks had tumbled on Thursday as the South China Morning Post reported that the Chinese government will suspend approvals for new online games in the country. After the market close, however, the...

Asian Markets Decline, Hong Kong’s Hang Seng Index Drops 2%

Hong Kong stocks dropped on Thursday, with shares in the rest of Asia-Pacific also largely declining. Shares of Tencent and Netease in Hong Kong dropped 8.48% and 11.03% respectively on Thursday after regulatory pressures surfaced again. While the broader Hang Seng index in Hong Kong dropped 2.3% on the day to 25,716. Chinese state media reported that the two were among video game firms summoned to a meeting with regulators. Issues discussed during the meeting included reminding them of restrictions on...

Asian Markets Mixed, Shares in Hong Kong Rise Nearly 4%

Shares in Asia-Pacific were mixed on Wednesday, with shares of China Evergrande Group recovering slightly after briefly falling below their IPO price. By the Wednesday market close in Hong Kong, China Evergrande Group shares in the city rose 3.92%. Still, the embattled property developer’s stock has dropped nearly 5% so far this week, extending declines since last week after it warned that it could default. Moody’s Investors Service on Tuesday downgraded its rating, citing “heightened liquidity...

Asian Markets Edge Higher as China’s Exports in August Beat Expectations

Shares in Asia-Pacific were mostly higher on Tuesday, as China’s August trade data came in above expectations. The Shanghai Composite in mainland China rose 1.51% to close at 3,676.59 while the Shenzhen component advanced 1.074% to 14,702.90. China’s exports jumped 25.6% year-over-year in August, customs data showed Tuesday — above expectations for a 17.1% rise by analysts in a Reuters poll. Hong Kong’s Hang Seng index gained 0.73% to close at 26,353.63. Shares of retail firms listed in the city...

Asian Pacific Stocks Rise, Japan’s Nikkei 225 Surges Nearly 2%

Asia-Pacific stocks rose on Monday, with shares in Japan and China seeing big gains. Japan’s Nikkei 225 was among the biggest gainers regionally, rising 1.83% to close at 29,659.89. That added to its surge of 2.05% on Friday after Japanese Prime Minister Yoshihide Suga said he will not be running in the upcoming leadership election. The Topix advanced 1.24%. Mainland Chinese stocks also saw robust gains on the day, with the Shanghai composite gaining 1.12% to 3,621.86 and the Shenzhen component jumped...

Asian Markets Mixed, Japan’s Nikkei 225 Jumps

Asian markets were mixed as Shares in Japan jumped on Friday after Prime Minister Yoshihide Suga said he will not be running in the upcoming leadership election. The Nikkei 225 closed 2.05% higher at 29,128.11 while the Topix index finished the trading day 1.61% higher at 2,015.45. Japanese manufacturing stocks saw big gains, with Fanuc jumping 3.46% while JFE Holdings surged 6.49%. The Japanese yen traded at 109.97 per dollar, still stronger than levels around 110.4 seen against the greenback earlier this...

Asian Pacific Stocks Mixed, Australia Reports a Trade Surplus

Shares in Asia-Pacific were mixed in Thursday trade as Australia reported a higher-than-expected trade surplus in July. The S&P/ASX 200 in Australia shed 0.72%. Australia recorded a trade surplus of 12.117 billion Australian dollars (about $8.93 billion) in July, according to data released Thursday by the country’s Bureau of Statistics. That was much higher than the 10.2 billion Australian dollars surplus projected in a Reuters poll. Elsewhere, mainland Chinese stocks were mixed, with the Shanghai composite up...

Asian Markets Mixed Amidst Shrinking Chinese Factory Activity.

Shares in Asia-Pacific were mixed on Wednesday, as a private survey showed shrinking Chinese factory activity in August. Mainland Chinese stocks closed mixed as the Shanghai composite advanced 0.65% to 3,567.10 while the Shenzhen component dipped 0.1% to 14,314.09. Hong Kong’s Hang Seng index edged 0.45% higher, as of its final hour of trading. The Caixin/Markit manufacturing Purchasing Managers’ Index for August came in at 49.2 on Wednesday, below the 50 mark that separates expansion from contraction. Deutsche Bank International...

Asian Markets Mixed, Data Shows China’s Factory Activity was Lower in August

Shares in Asia-Pacific were mixed on Tuesday, as data showed slowing Chinese factory activity growth in August. In mainland China, the Shanghai composite rose 0.45% to close at 3,543.94 while the Shenzhen component shed 0.659% on the day to 14,328.38. China’s factory activity grew at a slower pace in August as compared with the previous month, data released Tuesday showed. The official manufacturing Purchasing Managers’ Index for August came in at 50.1, against July’s reading of 50.4. Meanwhile, the...

Asian Markets Edge Higher, Australia Stocks Recover from Dip

Shares in Asia-Pacific mostly rose on Monday trade, with Australian stocks recovering from an earlier slip as Covid cases in the country spike. In Japan, the Nikkei 225 advanced 0.54% to close at 27,789.29 while the Topix index gained 1.11% to 1,950.14. South Korea’s Kospi ended the trading day up 0.33% at 3,144.19. Mainland Chinese stocks were mixed on the day as the Shanghai composite rose 0.17% to 3,528.15, while the Shenzhen component dipped fractionally to 14,423.37. Hong Kong’s Hang Seng index closed 0.52%...

Asian Markets Edge Lower, South Korea Hikes Interest Rates

Asia-Pacific markets mostly declined on Thursday despite overnight gains on Wall Street, while South Korea became the first major economy to raise interest rates during the pandemic. The Bank of Korea raised its base rate by 25 basis points to 0.75% for the first time in nearly three years. South Korean stocks were mixed. The benchmark Kospi fell 0.58% to 3,128.53 while the Kosdaq gained 0.26% to 1,020.44. The Korean won weakened against the dollar following the rate hike,...

Asian Stocks Mixed, Chinese Tech Stocks Jump

Asia-Pacific stocks were mixed at the close on Wednesday, as optimism continued to drive U.S. stocks, with the S&P 500 and Nasdaq reaching record highs overnight. Meanwhile, India’s benchmark index hit a record high. Hong Kong’s Hang Seng index slipped 0.13% to close at 25,693.95 after jumping earlier. Chinese tech stocks listed in Hong Kong pared morning gains, losing steam by the close after rallying Tuesday. Tencent shares rose 0.55% after jumping 3% earlier. Food...

Asian Markets Edge Higher, Reserve Bank of New Zealand Keeps Rates Unchanged

Shares in Asia were higher on Wednesday, with the Reserve Bank of New Zealand keeping interest rates unchanged despite expectations of a hike. In Japan, the Nikkei 225 rose 0.59% to close at 27,585.91 while the Topix index climbed 0.44% on the day to 1,923.97. Japan’s government on Tuesday decided to extend the Covid-19 state of emergency in Tokyo and other areas to Sept. 12, local news agency Kyodo News reported. Mainland Chinese stocks closed higher. The Shanghai...

Asian Pacific Stocks Decline, China internet shares fall Amidst Regulatory Fears

Shares in Asia-Pacific declined on Tuesday, with Chinese internet stocks in Hong Kong falling again as regulatory fears resurfaced. By the Tuesday market close in Hong Kong, shares of Tencent dropped 4.14% while Alibaba plunged 4.77% and JD.com slipped 5.16%. The Hang Seng Tech index slipped 3.13% to 6,218.89. Those losses came after China’s market regulator issued draft rules on Tuesday aimed at stopping unfair competition on the internet. Hong Kong’s broader Hang Seng index fell 1.66% to 25,745.87. Mainland Chinese stocks led...

Asian Markets Edge Lower, Currencies Rise on Weaker Dollar

Asia-Pacific stocks were mostly lower by the close on Thursday, as U.S. markets again notched highs after data showed inflation was not as bad as feared. The dollar weakened while Asian currencies rose. Chinese stocks closed in negative territory. The Shanghai Composite was down 0.22% to close at 3,524.74, while the Shenzhen component declined 0.79% to 14,901.97. Hong Kong’s Hang Seng index lost nearly 1%. In its Hong Kong debut, Chinese electric vehicle maker Li Auto’s shares dipped as much as...

Asian Markets Mixed, Major Chinese Stocks Muted

Major Asia-Pacific markets closed mixed on Wednesday, while shares of China’s most indebted property developer Evergrande and some of its units soared. Chinese markets were muted. The Shanghai composite closed just above the flatline to 3,532.62, while the Shenzhen component was down 0.24% to 15,021.17. Hong Kong’s Hang Seng index rose 0.21% in the final hour of trade. Shares of China Evergrande jumped more than 8% in the afternoon after the company said in a filing that it was in...

Asian Pacific Stocks Rise, U.S Fed Leaves Benchmark Interest Rate at Zero

Asia-Pacific markets rose after the U.S. Federal Reserve left its benchmark interest rate near zero meanwhile, shares in Hong Kong continued to see a rebound on Thursday from a two-day slump earlier in the week. Hong Kong’s Hang Seng index jumped 3.3% to close at 26,315.32. The index had dived more than 8% over two days early this week. Chinese tech stocks in Hong Kong, which were hit hard by the market rout earlier in the...

Asian Stocks Decline, Hong Kong Markets Bounce Back

Shares in Asia-Pacific were mostly lower on Wednesday, with stocks in Hong Kong seeing a partial bounce back from a two-day rout. The Hang Seng index in Hong Kong closed 1.54% higher at 25,473.88. That followed a more than 8% decline two days earlier this week triggered by regulatory fears over sectors such as technology and private education. Analysts at Bespoke Investment Group pointed out that there had only been one other period in 2011 when the Hang Seng...

Asian Markets Mixed, China Tech Stocks Crumble

Hong Kong continued selling off on Tuesday, extending losses from Monday. The broader Asia-Pacific markets, meanwhile, were mixed. The broader Hang Seng index in Hong Kong briefly fell more than 5% in Tuesday afternoon trade before paring some of those gains, eventually closing 4.22% lower at 25,086.43. The index has fallen more than 8% in just two days as regulatory fears surrounding China’s technology and private education sector weighed on investor sentiment. On Monday, it fell more than...

Asian Markets Edge Lower, Hang Seng Index Declines 4% Leading Losses in the Region

Asian markets dropped sharply by the close on Monday, wiping out the Hang Seng index’s gains for 2021 once again as Chinese tech and education stocks plunged under regulatory pressure. Meanwhile, a summit between China and the United States got off to an acrimonious start, weighing on investor sentiment. The broader Asia-Pacific markets were largely lower, with mainland Chinese stocks also falling. The Hang Seng index in Hong Kong fell 4.13% to close at 26,192.32,...

Asian Markets Mixed, China Tech Shares Fall

Shares in Asia-Pacific were mixed on Friday as investors monitored Chinese tech stocks in Hong Kong after regulatory concerns resurfaced. By the Friday market close in Hong Kong, shares of Chinese tech firms listed in the city tumbled. Kuaishou plunged 10.75% while Tencent slipped 2.39% and Meituan dropped 2.36%. The broader Hang Seng Tech index declined 2.96%. Hong Kong’s Hang Seng index fell 1.45% to 27,321.98. Bloomberg News reported that Beijing is considering harsh penalties on ride-hailing...

Asian Pacific Stocks Rise, Hong Kong Markets Record 2% Rise

Shares in Asia-Pacific were higher on Thursday, with markets in Japan closed for a holiday. Hong Kong’s Hang Seng index was among the biggest gainers regionally, rising 1.83% to close at 27,723.84. Shares of China Evergrande Group surged 7.87%. Those gains came after the indebted developer announced it has solved legal disputes with China Guangfa Bank, according to Reuters. Mainland Chinese stocks closed higher, with the Shanghai composite climbing 0.34% to 3,574.73 while the Shenzhen component rose 0.326% to 15,262.19 while South Korea’s Kospi gained...

Asian Markets Mixed Following Wall street Rebound

Shares in Asia-Pacific were mixed on Wednesday trade, following an overnight bounce stateside that saw the Dow Jones Industrial Average rising more than 500 points. In Japan, the Nikkei 225 rose 0.58% to close at 27,548 while the Topix index advanced 0.82% to finish the trading day at 1,904.41. Japan’s exports rose 48.6% in June as compared with a year earlier, according to data released Wednesday by the country’s Ministry of Finance. That was higher than a...

Asian Markets Trade Lower, China Maintains Lending Rate

Shares in Asia-Pacific fell on Tuesday following an overnight tumble for stocks on Wall Street that saw the Dow Jones Industrial Average plunge more than 700 points. In Japan, the Nikkei 225 slipped 0.96% to close at 27,388.16 — the Nikkei is down more than 10% from its February high as of today’s close. Meanwhile, the Topix index fell 0.96% to end the trading day at 1,888.89. South Korea’s Kospi closed 0.35% lower at 3,232.70. Mainland Chinese stocks...

Asian Markets Mixed, Bank of Japan Holds Monetary Rate Steady

Shares in Asia-Pacific were mixed on Friday as the Bank of Japan held steady on monetary policy. The Nikkei 225 in Japan fell 0.98% to close at 28,003.08 while the Topix index slipped 0.38% to finish the trading day at 1,932.19. Japan’s central bank downgraded its real GDP forecast for 2021 to 3.8% growth, as compared with the 4% growth forecast made in April. The Bank of Japan also kept its yield curve control target at -0.1%...

Asian Markets Mixed, China Reports Economic Growth

Shares in Asia-Pacific were mixed on Thursday as China reported its second-quarter gross domestic product (GDP) rose. Mainland Chinese stocks closed higher. The Shanghai Composite rose 1.02% to 3,564.59 while the Shenzhen component advanced 0.751% to 15,169.33. Hong Kong’s Hang Seng index gained 0.85%, as of its final hour of trading. China’s GDP rose 7.9% year-on-year in the second quarter, official data showed Thursday. That was lower than expectations by economists for an 8.1% rise. Meanwhile, retail sales in June jumped...

Asian Markets Edge Lower, U.S Inflation Higher Than Expected in June

Shares in Asia-Pacific mostly slipped on Wednesday following a hotter-than-expected U.S. inflation report released overnight. The Shanghai Composite in mainland China fell 1.07% to close at 3,528.50 while the Shenzhen component fell 0.875% to end the trading day at 15,056.32. Hong Kong’s Hang Seng index shed 0.69%, as of its final hour of trading. In Japan, the Nikkei 225 closed 0.38% lower at 28,608.49 while the Topix index fell 0.23% on the day to 1,963.16. The Kospi in South Korea dipped 0.2% to close...

Asian Markets Edge Lower, Investors React to China’s Trade Data

Shares in Asia-Pacific were higher on Tuesday as investors reacted to China’s trade data for June. Hong Kong’s Hang Seng index led gains regionally as it jumped 1.63% to close at 27,963.41. In mainland China, the Shanghai composite rose 0.53% to close at 3,566.52 while the Shenzhen component climbed 0.183% on the day to 15,189.29. China’s exports in June jumped 32.2% as compared with a year earlier, customs data showed Tuesday. That was much higher than a forecast by analysts in a...

Asian Markets Edge Higher, China and Japan Lead Gains.

Stocks in Asia-Pacific rose on Monday, with shares in Japan and China leading gains regionally. Japan’s Nikkei 225 surged 2.25% to close at 28,659.02 while the Topix index jumped 2.14% to end the trading day at 1,953.33. South Korea’s Kospi closed 0.89% higher at 3,246.47. Mainland Chinese stocks also closed higher, with the Shanghai composite up 0.67% to 3,547.84 while the Shenzhen component climbed 2.137% to 15,161.52. Hong Kong’s Hang Seng index gained about 0.8%, as of its final hour of trading. The S&P/ASX 200 in...

Asian Markets Decline Amidst Fears of Rising COVID-19 Cases

Shares in Asia-Pacific fell on Friday as Covid worries resurfaced in the region. South Korea’s Kospi dropped 1.07%% to close at 3,217.95. South Korea announced Friday that the greater Seoul area will be placed under the toughest social distancing rules of Level 4, according to local news agency Yonhap. In Japan, the Nikkei 225 fell 0.63% to close at 27,940.42 while the Topix index shed 0.41% to end the trading day at 1,912.38. Olympics organizers will ban spectators from the upcoming summer...

Asian Pacific Stocks Mixed, Hang Seng Closes Flat at 27,960.62

Shares in Asia-Pacific were mixed on Wednesday following losses on Wall Street with the S&P 500 ending its seven-day winning streak. Chinese electric carmaker Xpeng made its debut in Hong Kong on Wednesday. Shares ended the trading day unchanged after rising nearly 2% in the early moments of trading. The broader Hang Seng index in the city slipped 0.4% to close at 27,960.62. Mainland Chinese stocks closed higher, with the Shanghai composite rising 0.66% to 3,553.72 while the Shenzhen component advanced 1.857%...

Asian Markets Mixed, Australia Central Bank Keeps Cash Rate Unchanged

Shares in major Asia-Pacific markets struggled for direction on Tuesday as investors reacted to the Australian central bank’s interest rate decision. The Nikkei 225 in Japan rose 0.16% to close at 28,643.21, while the Topix index advanced 0.28% to end the trading day at 1,954.50. Over in South Korea, the Kospi gained 0.36% on the day to 3,305.21. Mainland Chinese stocks, on the other hand, closed lower. The Shanghai composite slipped 0.11% to 3,530.26, while...

Asian Markets Mixed, China and Japan Lead Losses

Asia-Pacific stocks were mixed on Friday as investors looked ahead to a closely-watched U.S. jobs report set to be released later. Mainland Chinese stocks were among the biggest losers regionally as the Shanghai composite fell 1.95% on the day to 3,518.76 while the Shenzhen component dropped 2.448% to close at 14,670.71. Hong Kong’s Hang Seng index declined 1.8% to finish the trading day at 28,310.42 Elsewhere, the Nikkei 225 in Japan nudged 0.27% higher to close at 28,783.28 while the Topix index gained...

Asia – Pacific Stocks Drop as PMI Data shows Decline in Factory Activity.

Shares in Asia-Pacific slipped on Thursday as investors reacted to the release of Chinese economic data. Mainland Chinese stocks closed lower as the Shanghai composite declined fractionally to 3,588.78 and the Shenzhen component slipped 0.81% to 15,038.88. A private survey released Thursday showed Chinese factory activity growth slowing in June. The Caixin/Markit manufacturing Purchasing Managers’ Index for June came in at 51.3 on Thursday, a lower reading than May’s 52.0. PMI readings above 50 represent expansion, while those below...

Asian Markets Mixed Pushed by China’s Manufacturing Data

Major Asian markets were mixed by the close on Wednesday, with oil prices continuing to rise. Meanwhile, China released its data on manufacturing activity in the morning, a benchmark for Asian traders. Mainland Chinese stocks rose by the afternoon. The Shanghai Composite was up 0.50% to close at 3,591.20, while the Shenzhen component jumped 1.08% to 15,161.70. Hong Kong’s Hang Seng index was subdued, edging down 0.41% in the afternoon. China-based drugmaker Hutchmed made its debut in Hong Kong,...

Asian Stocks Lower Despite Wall street Record High

Shares in Asia-Pacific fell on Tuesday despite gains overnight on Wall Street as the S&P 500 and Nasdaq Composite closed at record highs. Mainland Chinese stocks closed lower. The Shanghai composite edged 0.92% lower to 3,573.18, while the Shenzhen component dropped 0.993% to 14,999.80. Hong Kong’s Hang Seng index declined 0.94% to finish the trading day at 28,994.10. The Nikkei 225 fell 0.81% to close at 28,812.61 while the Topix index shed 0.82% to end the trading day at 1,949.48. South Korea’s Kospi also declined...

Asian Markets Mixed, Hong Kong Records Shorter Trading Day

Stocks in Asia-Pacific were mixed on Monday, as Hong Kong saw a shorter trading day following a morning pause due to severe weather conditions. The Hang Seng index slipped fractionally on Monday to 29,268.30. Trading in Hong Kong’s markets resumed Monday afternoon in the city after an earlier severe weather warning was lowered. Hong Kong Exchanges and Clearing announced earlier on Monday that the morning trading sessions of both the securities and derivatives markets, including Stock Connect...

Asian Markets Rise, Hong Kong Market Leads Gains

Asia-Pacific stocks jumped in Friday trade, with shares in Hong Kong and mainland China among the region’s biggest gainers. Hong Kong’s Hang Seng index jumped 1.43%, as of its final hour of trading. Shares of Chinese tech firms listed in the city surged: Tencent rose 2.83%, Alibaba jumped 2.19% while Meituan soared 5.21%. The broader Hang Seng Tech index gained 2.35%. Mainland Chinese stocks closed higher, with the Shanghai composite up 1.15% to 3,607.56 while the Shenzhen component gained 1.482% to 15,003.85. Elsewhere, South Korea’s Kospi advanced 0.51%...

Asian Markets Mixed, Markets in China and Japan Close Flat

Shares in Asia-Pacific struggled for direction on Thursday, with major indexes in Japan and mainland China closing flat. After a troubled start to the week, equities across much of the region have enjoyed healthy gains the past two days as US central bank chiefs looked to temper fears that record-low interest rates and colossal bond-buying were in their final thresholds. Mainland Chinese stocks closed mixed as the Shanghai composite finished the trading day largely flat at around...

Asian-Pacific Stocks Edge Higher, Hang Seng Index Rises to Almost 2%

Shares in Asia-Pacific were largely higher on Wednesday, with stocks in Hong Kong leading gains regionally. By the Wednesday market close in Hong Kong, the Hang Seng index surged 1.79% to 28,817.07. Taiwan’s Taiex also saw robust gains, rising 1.53% on the day to 17,336.71. Mainland Chinese stocks closed higher, with the Shanghai composite rising 0.25% to 3,566.22 and the Shenzhen component gaining 1.004% to 14,843.83. Elsewhere, the Nikkei 225 in Japan closed slightly lower at 28,874.89 while the...

Asian Stocks Rise, Japan’s Nikkei 225 Lead Gains

Shares in Asia-Pacific largely rose on Tuesday, with shares in Japan leading gains among the region’s major markets. In Japan, the Nikkei 225 jumped 3.12% to close at 28,884.13, largely recovering from a more than 3% tumble on Monday. The Topix index gained 3.16% to 1,959.53. Mainland Chinese stocks edged higher on the day as the Shanghai composite gained 0.8% to 3,557.41 while the Shenzhen component rose 0.376% to 14,696.29. Hong Kong’s Hang Seng index lagged the broader region’s gains, slipping about 0.3% as...

Asian Markets Mixed, Investors Watch out on Commodities Markets

Shares in Asia-Pacific were mixed on Friday as investors monitored moves in the commodities space after prices fell sharply on Thursday. In Japan, the Nikkei 225 closed 0.19% lower at 28,964.08, while the Topix index slipped 0.87% to end the trading day at 1,946.56. South Korea’s Kospi rose about 0.1% on the day to 3,267.93. Mainland Chinese stocks closed mixed, with the Shanghai composite marginally lower at 3,525.10 while the Shenzhen component advanced 0.769% to 14,583.67. Hong Kong’s Hang...

Asian Pacific Stocks Mixed, U.S Fed Predicts Rate Hikes in 2023

Shares in Asia-Pacific were mixed on Thursday, as investors watched for the market reaction after the U.S. Federal Reserve on Wednesday moved up its timeline for rate hikes. In Japan, the Nikkei 225 fell 0.93% to close at 29,018.33 while the Topix index dipped 0.62% to finish the trading day at 1,963.57. South Korea’s Kospi closed 0.42% lower at 3,264.96. Mainland Chinese stocks, on the other hand, closed higher. The Shanghai Composite gained 0.21% to 3,525.60 while the Shenzhen component advanced 1.234% to 14,472.37....

Asian Markets Mixed, Shenzhen Component Plunges 2.572%

Shares in Asia-Pacific were mixed on Wednesday trade as investors looked ahead to the U.S. Federal Reserve’s interest rate decision. Mainland Chinese stocks led losses among the region’s major markets, with the Shenzhen component plunging 2.572% to close at 14,295.93. The Shanghai composite also shed 1.07% to finish the trading day at 3,518.33. Hong Kong’s Hang Seng index fell 0.68%, as of its final hour of trading. China’s industrial output rose 8.8% in May as compared with the same period a...

Asian Markets Mixed, Australia and Japan Lead Gains.

Shares in Asia-Pacific were mixed in Tuesday afternoon trade, with Australian and Japanese stocks leading gains regionally. The Nikkei 225 in Japan gained 0.96% to finish the trading day at 29,441.30 while the Topix index advanced 0.8% to close at 1,975.48. The S&P/ASX 200 jumped 0.92% to close at 7,379.50. Members of the Reserve Bank of Australia’s board agreed it would be “premature” to consider ceasing the bond purchase program, minutes from the central bank’s monetary policy meeting for...

Asian Markets Mixed, BSE Sensex in India Touches Record High.

 Shares in Asia-Pacific were mixed in Friday trade, with the BSE Sensex in India touching a record high. In Friday Asia trade, the Sensex rose to 52,641.53 — above its previous record high of 52,516.76 sets in February, according to data from Refinitiv Eikon. The index later pared some of those gains and last stood 0.33% higher, as of 1:05 p.m. local time. The Nifty 50 in India also gained 0.3%. Stocks in Japan were little...

Asia-Pacific Markets Rise Ahead of U.S. Inflation Data Release

Shares in Asia-Pacific mostly rose on Thursday, as investors looked ahead to an upcoming release of U.S. inflation data for May. The Shenzhen component in mainland China jumped 1.19% to close at 14,893.59, while the Shanghai Composite gained 0.54% to finish the trading day at 3,610.86. Hong Kong’s Hang Seng index slipped about 0.1% as of its final hour of trading. In Japan, the Nikkei 225 closed 0.34% higher at 28,958.56 while the Topix index finished the trading day little...

Asian Market Lower, Investors React to Japan’s Revised Q1 Data

Shares in Asia-Pacific were mostly lower on Tuesday, as investors reacted to the release of Japan’s revised first-quarter gross domestic product figures. The Nikkei 225 in Japan shed 0.19% to close at 28,963.56 while the Topix index rose about 0.1% on the day to 1,962.65. Revised government data released Tuesday showed Japan’s economy shrank 3.9% in the first quarter, an improvement from the initial estimate of a 5.1% contraction. The revised gross domestic product compared against economists’...

Asian Markets Mixed, Hong Kong’s Hang Seng index Falls more than 1% leading losses

Shares in Asia-Pacific were mixed on Thursday, as investors reacted to data out of Australia and China. Hong Kong’s Hang Seng index led losses regionally, falling 1.13% on the day to 28.966.03. Mainland Chinese stocks finished the trading day lower, with the Shanghai composite slipping 0.36% to 3,584.21 while the Shenzhen component shed 0.651% to 14,761.13. A private survey released Thursday showed slowing Chinese services activity growth in May. The Caixin/Markit services Purchasing Managers’ Index for May came in at 55.1 on...

Asian Markets Mixed, Austria’s Economy Grows Higher than Expected in Q12020

Shares in Asia-Pacific were mixed on Wednesday, with official data showing higher-than-expected growth in Australia’s economy for the first quarter. The Nikkei 225 in Japan gained 0.46% to close at 28,946.14 while the Topix index climbed 0.84% to finish the trading day at 1,942.33. In South Korea, the Kospi closed nearly 0.1% higher at 3,224.23. Hong Kong’s Hang Seng index shed about 0.6%, as of its final hour of trading. Mainland Chinese stocks declined on the day as the Shanghai composite fell 0.76%...

Asia-Pacific stocks mixed, Investors React to China Factory Data

Shares in major Asia-Pacific markets were mostly higher on Tuesday, as investors reacted to the release of a private survey on Chinese manufacturing activity in May. Mainland Chinese stocks closed higher, with the Shanghai composite up 0.26% to 3,624.71 and the Shenzhen component rising 0.256% to 15,034.78. Hong Kong’s Hang Seng index rose about 0.9%, as of its final hour of trading. The Caixin/Markit manufacturing Purchasing Managers’ Index (PMI) for May came in at 52, higher than expectations for a reading...

Asia-Pacific stocks mixed, New Zealand Central Bank Maintains Currency Settings.

Stocks in Asia-Pacific were mixed on Wednesday, with multiple markets in Southeast Asia closed for a holiday. The Nikkei 225 in Japan rose 0.31% on the day to 28,642.19, while the Topix index ended the trading day fractionally higher at 1,920.67. South Korea’s Kospi dipped around 0.1% to close at 3,168.43. Mainland Chinese stocks closed mixed, with the Shanghai composite up 0.34% to 3,593.36 while the Shenzhen component dipped 0.355% to 14,793.68. Hong Kong’s Hang Seng index rose...

Asian Markets Edge Higher, Singapore’s Economy Expands 1.3% in 1Q21

Shares in Asia-Pacific rose on Tuesday, as investors watched tech shares following overnight gains in the sector stateside. Mainland Chinese stocks led gains regionally, with the Shanghai composite rising 2.4% on the day to 3,581.34 while the Shenzhen component advanced 2.343% to 14,846.45. In Hong Kong, the Hang Seng index jumped 1.75% to close at 28,910.86. Taiwan’s Taiex also saw robust gains, rising 1.58% to close at 16,595.67. In Japan, the Nikkei 225 rose 0.67% to close at 28,553.98 while the Topix index...

Asian Markets Mixed, Taiwan’s Taiex Rises 1.6% Leading Gains

Shares in Asia-Pacific were mixed on Friday following an overnight bounce on Wall Street. The Taiex in Taiwan jumped 1.62% on the day to 16,302.06. India’s Nifty 50 also saw robust gains, rising 1.3%, as of about 1:47 p.m. local time. Mainland Chinese markets closed lower, with the Shanghai Composite down 0.58% to 3,486.56 while the Shenzhen component slipped 0.809% to 14,417.46. In Hong Kong, the Hang Seng index closed a little changed at 28,458.44. Shares of Tencent in Hong Kong dropped 3.37% on Friday, despite...

Asian Stocks Mainly Higher, Japan’s Exports Surge in April

Stocks in Asia-Pacific were mixed on Thursday, with data showing Japan’s exports surging in April. The Nikkei 225 finished the trading day 0.19% higher at 28,098.25 while the Topix index advanced slightly to 1,895.92. Japan’s exports rose 38% in April compared with a year ago, data from the country’s Ministry of Finance showed Thursday. That was higher than an expected 30.9% increase predicted by economists. Over in Australia, the S&P/ASX 200 rose 1.27% to close at 7,019.60....

Asian Markets Mixed, Investors React to Chinese Economic Data

Shares in Asia-Pacific were mixed on Monday trade as investors reacted to the release of Chinese economic data while also monitoring the Covid situation in places such as Taiwan, which has seen a recent spike in domestic infections. The Taiex in Taiwan fell 2.99% to close at 15,353.89 on Monday, leading to losses among the region’s major markets. Elsewhere, mainland Chinese stocks were higher on the day, with the Shanghai composite up 0.78% to 3,517.62 while the Shenzhen component surged...

Asian Markets Down, Following Wall street Steep Decline

Major Asia-Pacific stock markets declined on Thursday, as Wall Street fell sharply with inflation data triggering fears of a rate hike. Mainland Chinese markets fell in the morning. The Shanghai Composite was down 0.74%, and the Shenzhen component dipped 0.59%. Hong Kong’s Hang Seng index fell nearly 1%. In Japan, the Nikkei 225 plummeted 1.8%, while the Topix fell 0.8%. Shares of Softbank Group dropped more than 6% after the company declined to extend its buyback program. Australia’s S&P/ASX 200 edged down 0.59%...

Asian Pacific Stocks Lower, Taiwan Markets Lead Losses.

Asia-Pacific shares were mostly down on Wednesday, as Taiwan’s markets tumbled after authorities said they may raise its COVID-19 alert level after an outbreak in recent days. The Taiwan Stock Exchange fell 4.11%. Its health minister said on Wednesday, that Taiwan may raise its COVID-19 alert level in the “coming days” after it experienced an unusual outbreak of six new cases with no clear infection source. The territory had kept the pandemic well under control before...

Asian Markets Edge Lower  after U.S Tech Sell-off

Most Asia-Pacific markets came under pressure on Tuesday, following a sell-off in tech stocks that weighed down major U.S. indexes overnight. Stocks in Taiwan led declines across the region, with the benchmark Taiex ending the trading session 3.79% lower. Japanese stocks also recorded losses with Nikkei 225 shedding 3.08% at the close, while the Topix moved 2.37% lower. South Korea’s Kospi ended 1.23% lower. In Australia, the ASX 200 inched down 1.06% ahead of the government’s budget announcement on Tuesday evening....

Asian Stock Markets Mainly Higher, Despite a Lower than Expected U.S Job Reports

Stock markets in Asia-Pacific were broadly higher on Monday, shrugging off the weaker-than-expected April U.S. jobs reports; while oil futures advanced. South Korea’s Kospi was one of the largest gainers, rising 1.6% in the first session of the week. In Japan, the Nikkei 225 rose 0.5% and the Topix jumped 1%. Greater China markets were mixed. The Shanghai composite was marginally up by 0.1%, while stocks in Shenzen jumped 0.2%. Hong Kong’s Hang Seng Index fell 0.3%. Last week, the widely watched U.S. jobs report for...

Asian Stocks Mixed, Ahead of U.S Job Report

Asia-Pacific stock markets traded mixed on Thursday as investors look ahead to the U.S. jobs report due later this week for clues about how long the Fed will stay on hold. Japanese markets returned to trade for the first time this week after being closed for public holidays. The benchmark Nikkei 225 jumped 1.8%, trimming some of its earlier gains, while the Topix index was up 1.66%. South Korea’s Kospi, which was also closed in the previous session,...

Asian Markets Rise Despite Wall street Decline.

Australian shares rose on Wednesday while some of the other major Asia-Pacific markets are closed for the day. The benchmark ASX 200 traded 0.7% higher at 7,117.60, with the heavily-weighted financials subindex up 0.84%. Energy and materials were up 0.9% and 1.2%, respectively as major miners and oil stocks mostly advanced. In Taiwan, the Taiex was up 0.36% while Hong Kong’s Hang Seng index rose 0.09%. Singapore’s Straits Times index declined 0.82%. The city-state said Tuesday that it will tighten social restrictions after detecting within...

Asian Pacific Stocks Mixed Amidst Inflation Concerns.

Stocks in Asia-Pacific were mixed in Tuesday afternoon trade with major markets in Japan and China still closed for holidays. Hong Kong’s Hang Seng index rose 0.25% by the afternoon. In Taiwan, the Taiex looked poised for another day of losses as it dropped 2.05%. Over in South Korea, the Kospi slipped 0.23%. In Australia, the S&P/ASX 200 edged 0.43% higher. Investors also continued to monitor the Covid-19 situation in India as it shows little signs of slowing down. The World Health Organization said...

Asian Markets Mostly Lower, Hong Kong Leads Losses.

Asian stock markets are mostly lower on Monday, following broadly negative cues from Wall Street on Friday. The markets are cautious amid the surge in coronavirus cases in the region, particularly in Japan and India, as well as the possibility of lockdowns in several markets. A couple of major markets are also closed for a holiday. Asian markets closed mostly lower on Friday. In Hong Kong, the Hang Seng index was among the biggest losers regionally as...

Asian Markets Edge Lower, Amidst Uncertainty on Global Economic Recovery

Asia-Pacific markets struggled for gains Friday as investors turned cautious, despite a positive finish stateside in the previous session. Australia’s ASX 200 fell 0.7% as all sectors turned red. Energy and materials were down 1.4% and 0.92%, respectively, while the heavily-weighted financials subindex lost 0.46%. The Japanese market returned to trade after being closed Thursday for a holiday. The benchmark Nikkei 225 was down 0.43%, while the Topix index traded near flat. In South Korea, the Kospi...

Asian Markets Gain, Fed Maintains Interest Rate Near Zero

Stocks in Asia-Pacific mostly rose in Thursday trade, as investors reacted to the U.S. Federal Reserve’s decision to keep its easy money policy in place. South Korea’s Kospi gained 0.23% in afternoon trade while the S&P/ASX 200 in Australia climbed 0.23%. Mainland Chinese stocks were mixed, with the Shanghai composite up 0.17% and the Shenzhen component declined by 0.12%. Hong Kong’s Hang Seng index rose 0.62%. MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.48%. Markets in Japan were closed on Thursday for...

Asian Pacific Stocks Mixed Ahead of U.S Fed Meeting

Shares in Asia-Pacific were mixed on Wednesday; however, already-high valuations ahead of the U.S. Federal Reserve’s latest policy decision capped gains. In Japan, the Nikkei 225 rose by 0.21% to close at 29,053.97, while the Topix index gained a profit of 0.29% to finish its trading day at 1,909.06. Japan’s retail sales rose 5.2% in March as compared with a year ago, according to government data. That was higher than a median market forecast for...

Asian Pacific Stocks Edge Lower Amidst Concerns About the Pandemic

Shares in Asia-Pacific were lower in Tuesday trading as concerns about the pandemic continued to linger. In Japan, the Nikkei 225 shed 0.15% while the Topix index shed 0.44%.   The Bank of Japan on Tuesday announced its decision to keep monetary policy steady. The Japanese central bank also revised downward its forecast for core inflation in the fiscal year 2021 to 0.1% from the 0.5% projected in January. Multiple regions, including Tokyo and Osaka, were recently...

Asian Stock Markets Hit Six Week High, Investors Watch Out For U.S GDP Data.

Asian stocks climbed to six-week highs on Monday amid signs the world economic recovery was still well on track, though rising COVID-19 cases in the region weighed on sentiment, pushing oil prices lower. In morning trade, the Nifty 50 in India jumped about 1.2%, while the BSE Sensex advanced 1.32%.   Elsewhere regionally, the Nikkei 225 in Japan gained 0.65%, while the Topix index rose 0.38%. South Korea’s Kospi advanced 0.76%. Mainland Chinese stocks also...

Asian Markets Mixed Amidst Rising U.S Taxes

Stocks in Asia-Pacific were mixed on Friday, with the price of bitcoin tumbling below $49,000. The Nikkei 225 in Japan fell 0.57% to close at 29,020.63, while the Topix index shed 0.39% to finish the trading day at 1,914.98. Earlier during the session, the Nikkei 225 had fallen more than 1%. South Korea’s Kospi closed 0.27% higher at 3,186.10. Mainland Chinese stocks nudged higher on the day, with the Shanghai composite rising 0.26% to 3,474.17 while the Shenzhen...

Asian Markets Rise, Japanese Shares Lead Gains

Stocks in Asia-Pacific rose on Thursday, with Japanese shares leading gains among the region’s major markets. The Nikkei 225 in Japan jumped 2.38% to close at 29,188.17, recovering partially from two days of losses earlier in the week. The Topix index gained 1.82% to finish the trading day at 1,922.50. South Korea’s Kospi closed 0.18% higher at 3,177.52. Stocks in mainland China closed mixed: The Shanghai composite slipped 0.23% to 3,465.11 while the Shenzhen component rose 0.412% to 14,209.44....

Asian Pacific Stocks Mixed as Rising COVID-19 Cases in India Impairs Economic Outlook

Stocks in Asia-Pacific largely fell on Wednesday as a surge in coronavirus cases in countries like India weighed on the economic outlook and investor sentiment. In Japan, the Nikkei 225 dropped 2.03% to close at 28,508.55 — its second straight day of 2% declines. The Topix index slipped 1.98% to finish the trading day at 1,888.18. South Korea’s Kospi shed 1.52% to close at 3,171.66. Hong Kong’s Hang Seng index fell 1.68%, as of its final hour of trading. In mainland...

Asian Pacific Stocks Mixed ,China Keeps Lending Rate Unchanged

Shares in Asia-Pacific were mixed in Tuesday trade as China kept its benchmark lending rate unchanged. Stocks in Japan led to losses among the region’s major markets, with the Nikkei 225 falling 2.12% while the Topix index shed 1.64%. Mainland Chinese stocks, on the other hand, rose by the afternoon. The Shanghai composite advanced 0.29%, while the Shenzhen component gained 0.451%. Hong Kong’s Hang Seng index was flat. The S&P/ASX 200 in Australia also declined 0.56%. South Korea’s Kospi gained...

Asian Markets Edge Higher, Investors React to China Data Release

Shares in Asia-Pacific edged higher on Friday as investors reacted to the release of Chinese economic data. Mainland Chinese stocks closed higher as the Shanghai composite gained 0.81% to 3,426.62 while the Shenzhen component advanced 0.296% to 13,720.74. Hong Kong’s Hang Seng index rose 0.76%, as of its final hour of trading. China’s gross domestic product surged 18.3% in the first three months of the year from a year ago, the country’s National Bureau of Statistics said Friday. That was slightly lower...

Asian Markets Mixed, China Markets Lead Losses

 Stocks in Asia-Pacific were mixed in Thursday trade, with Australia’s jobs data for March beating expectations. In Australia, the S&P/ASX 200 gained 0.39%. Australia’s unemployment rate for March came in at 5.6%, according to seasonally adjusted estimates released by the Australian Bureau of Statistics (ABS) on Thursday, against expectations of a 5.7% reading. Data from the ABS also showed 70,700 net new jobs being created in March, more than double the forecast in a Reuters poll for...

Asian Pacific Stocks Mostly Decline as Fear of Rising COVID-19 Cases Worry Investors

Asia-Pacific stocks mostly declined on Monday, with shares in India and China recording great losses. The losses came as the COVID-19 situation in the country remains severe, with India recording high cases and considering a lockdown. Both the Nifty 50 and BSE Sensex in India dropped more than 3% each, as of 1:45 p.m. local time.   Meanwhile, mainland Chinese stocks also fell on the day. The Shanghai composite declined 1.09% to 3,412.95 while the Shenzhen component...

Asian Pacific shares Mixed, Focus on Japanese Financial Services Firm Nomura

Shares in Asia-Pacific were mixed on Tuesday as investors watched the movement in shares of Japanese financial services firm Nomura following their Monday plunge. The Nikkei 225 in Japan traded fractionally higher while the Topix index shed 0.91%. Japan’s retail sales declined 1.5% in February from a year earlier, according to a preliminary report released Tuesday by the country’s Ministry of Economy, Trade and Industry. That compared against a median market forecast for a 2.8% decline, according...

Asia Pacific Markets Mostly Mixed; Tech Stocks Slip.

Shares in major Asia-Pacific markets were mixed on Thursday, though tech stocks in the region took a hit following a sell-off in the sector overnight on Wall Street. In Japan, the Nikkei 225 rose 1.14% to close at 28,729.88 while the Topix index gained 1.4% to finish its trading day at 1,955.55. South Korea’s Kospi closed 0.4% higher at 3,008.33. Mainland Chinese stocks were mixed on the day, with the Shanghai composite slipping 0.1% to 3,363.59 while the Shenzhen...

Asian Pacific Stocks Edge Lower as Hang Seng Index Falls.

Shares in Asia-Pacific were largely lower on Wednesday as concerns over the prevailing pandemic. The Hang Seng index in Hong Kong was one of the biggest losers among the region’s major markets, closing 2.03% lower at 27,918.14. Today’s losses left the index in correction territory as it was more than 10% lower than the 52-week high set in mid-February. In Japan, the Nikkei 225 slipped 2.04% to close at 28,405.52 while the Topix index declined 2.18% to finish...

Asian Markets Slip Amidst Rising Inflation Fears.

Shares in major Asia-Pacific markets slipped on Tuesday, weighed by Chinese markets as investors took profit on a recent rally in some mainland firms, despite the rising inflation fears. Investors now await a closely watched Congressional appearance by U.S. Federal Reserve Chair Jerome Powell and Treasury Secretary Janet Yellen later in the day. Hong Kong’s Hang Seng index led to losses among the region’s major markets as it fell 1.34% to close at 28,497.38. Mainland...

Asian Markets Mixed as Fed ends Emergency Measures

Asian shares were mixed Monday as the U.S. Federal Reserve’s announcement shook sentiment that it would end some emergency measures put in place last year to help the financial industry deal with the pandemic. Meanwhile, the Turkish lira plunged early Monday, falling about 17%, after the country’s president, Recep Tayyip Erdogan, removed central bank head Naci Agbal from his post on Saturday. The currency was trading at about 7.8 lira to the dollar on Monday morning....

Asian Stocks Mixed as U.S Bond Yeild Continue to Rise

Asia-Pacific markets mostly fell Friday as investor sentiment turned cautious, following an overnight selloff stateside. Australian shares traded lower, with the benchmark ASX 200 closed down 0.56% at 6,708.20 — the index retraced some of its earlier losses of more than 1%. The energy and materials sectors declined 2.03% and 1.41%, respectively, while the heavily-weighted financials subindex finished down 0.31%. The Nikkei 225 in Japan declined 1.41% to 29,792.05 while the Topix index reversed losses to close up 0.18%...

Asian Markets Rally as U.S Fed Indicate no Interest Rate Hike

Asia-Pacific markets broadly advanced Thursday as investors cheered after the U.S. Federal Reserve’s policymaking committee overnight voted to keep short-term borrowing rates near zero in a widely expected move. The Nikkei 225 in Japan rose 1.01% to 30,216.75, while the Topix index added 1.23% to 2,008.51. South Korea’s Kospi climbed 0.61% to 3,066.01, and the Kosdaq rose 0.64% to 949.83. In Hong Kong, the Hang Seng index rose 1.21% to 29,384.84, while Singapore’s Straits Times...

Asia – Pacific Markets Mixed as Investors Wait on Wednesday’s Fed Release

Asia-Pacific markets traded mixed on Wednesday as investors wait for the outcome of the U.S. Federal Reserve’s two-day policy meeting later in the day. Australia shares cut back some of their earlier losses as the ASX 200 closed down 0.47% at 6,795.20. The energy and materials subindexes declined 1.19% and 1.46%, respectively as oil and mining stocks broadly declined. Major miners Rio Tinto and BHP closed down 0.95% and 1.64% respectively. The Nikkei 225 in Japan finished near flat at 29,914.33 while the...

Asian Markets Edge Higher as Investors Watch out on Fed Meeting

Asia-Pacific markets mostly edged higher Tuesday following a relatively subdued start to the global trading week as investors look ahead to the Fed meeting stateside. Australian shares rose as the benchmark ASX 200 gained 0.8% to 6,827.10, after finishing near flat in the previous session. Most sectors traded up except for the energy and materials subindexes, which closed down 0.17% and 0.65%, respectively. Oil stocks and major miners closed mixed but the Big Four banks advanced: Shares...

Asian Markets Mixed; Shenzhen Drops 2.8%

Asian stock markets traded mixed Tuesday after starting the week by struggling for gains in what some analysts have described as a fragile environment for stocks. In Australia, the benchmark ASX 200 trimmed some of its early gains but still finished the session up 0.47%, or 31.6 points, at 6,771.20. The heavily-weighted financials subindex advanced 0.95% as major banking names rose. ANZ shares closed up 1.32%, Commonwealth Bank added 0.65%, Westpac rose 0.73% and National Australia Bank was up 0.83%. Japanese shares initially struggled after...

Asian Markets Slip as Tech Stocks Record Sharp Decline

Shares in Asia-Pacific slipped in Thursday trade, with technology stocks in the region falling sharply. In Japan, the Nikkei 225 fell 2.13% to close at 28,930.11 while the Topix index shed 1.04% to finish its trading day at 1,884.74. South Korea’s Kospi also slipped 1.28% to close at 3,043.49. Hong Kong’s Hang Seng index closed 2.15% lower at 29,236.79. Mainland Chinese stocks slipped on the day, with the Shanghai Composite down 2.05% to 3,503.49 while the Shenzhen component dropped 3.458% to 14,416.06. Shares in...

Asian Markets Decline Led by Nikkei’s 4% Slump

Stocks in Asia-Pacific fell sharply on Friday following an overnight drop on Wall Street as a rapid rise in bond yields rattled investor sentiment. In Japan, the Nikkei 225 led losses among the region’s major markets as it fell 3.99% to close at 28,966.01 while the Topix index slipped 3.21% to finish its trading day at 1,864.49. South Korea’s Kospi dropped 2.8% to close at 3,012.95. Hong Kong’s Hang Seng index plunged 3.64% to close at 28,980.21. Mainland Chinese...

Asian Markets Trade Lower as Tech Shares Post Decline

Shares in Asia-Pacific were mixed on Tuesday, as investors monitored technology stocks regionally after their counterparts declined on Wall Street overnight. Mainland Chinese stocks were lower by the close. The Shanghai composite was down 0.17% at 3,636.36 while the Shenzhen component dipped 0.611% to 15,243.25. However, Hong Kong’s Hang Seng index gained 1.03% to finish its trading day at 30,632.64. South Korea’s Kospi declined 0.31% to close at 3,070.09. In Australia, the S&P/ASX 200 edged 0.86% higher to finish the trading day at 6,839.20. MSCI’s...

Asia – Pacific Markets Mixed as Mainland Chinese Stocks Resume After Lunar Break

Stocks in Asia-Pacific were lower on Thursday, as mainland Chinese markets returned to trade after a long Lunar New Year break. By the Thursday market close on the mainland, the Shanghai composite rose 0.55% to 3,675.36 while the Shenzhen component fell 1.22% to about 15,767.44. Hong Kong’s Hang Seng index slipped more than 1%, as of its final hour of trading. The Nikkei 225 in Japan closed 0.19% lower at 30,236.09 while the Topix index declined 1% to finish its trading...

Asian Stocks Mixed, Taiwan surges more than 3%

Stocks in Asia-Pacific were mixed on Wednesday as investors monitored bond yields following a recent rise. In Japan, the Nikkei 225 slipped 0.58% on the day to 30,292.19 while the Topix index shed 0.18% to close at 1,961.49. Japan’s exports rose 6.4% in January as compared with a year earlier, according to trade statistics released Wednesday by the country’s Ministry of Finance. The Taiex in Taiwan surged 3.54% to close at 16,362.29, with shares of Taiwan Semiconductor Manufacturing Company soaring 4.91%....

Asian Markets Post Gains Led by Shanghai & Hang Seng

Shares in Asia-Pacific were higher on Wednesday as Chinese stocks led gains among the region’s major markets. By the market close in mainland China, the Shanghai composite gained 1.43% to 3,655.09 while the Shenzhen component advanced 2.122% to 15,962.25. Hong Kong’s Hang Seng index jumped 1.91% to close at 30,038.72. China’s consumer inflation declined in January, according to the country’s National Bureau of Statistics which reported the consumer price index slipped 0.3% from a year ago. The NBS also reported the...

Asian Markets Surge as Silver Prices Gain over 10 Percent in Trading Hours

Asian stock markets posted a surg on Monday as silver prices saw strong gains. South Korea’s Kospi led gains among the region’s major markets, jumping 2.7% to close at 3,056.53 as shares of biopharmaceutical firm Celltrion soared 14.51%. Hong Kong’s Hang Seng index also saw robust gains, advancing 2.15% to finish its trading day at 28,892.86. Mainland Chinese stocks nudged higher on the day as the Shanghai composite rose 0.64% to 3,505.28 while the Shenzhen component advanced...

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