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Asian shares mostly advanced on Tuesday after US stocks gave back some of last week's rally, pressured by rising global bond yields. US futures and oil prices were little changed. Tokyo's Nikkei 225 gained 0.5% to 49,534.36, with financial shares the biggest gainers after the governor of the central bank hinted at a possible hike to interest rates this month. In Hong Kong, the Hang Seng jumped 0.7% to 26,209.07, while the Shanghai Composite index slipped 0.3% to 3,902.78. Australia's S&P/ASX 200 added 0.2% to 8,582.80. The Kospi in South Korea jumped 1.5% to 3,977.85, led by buying of technology shares like Samsung Electronics, which surged 2.8%. Chip maker SK Hynix leaped 3.4%. Taiwan's benchmark Taiex climbed 1%, while the Sensex in India edged 0.1% lower. On Monday, the S&P 500 slipped 0.5% and broke a five-day winning streak, closing at 6,812.63. The Dow Jones Industrial Average dropped 0.9% to 47,289.33, while the Nasdaq composite dipped 0.4% to 23,275.92. Last week's ...
Asian shares skidded Friday following a retreat on Wall Street driven by concerns over banks' loan portfolios. US futures and oil prices also fell, while the price of gold climbed to over $4,383 an ounce as Washington and Beijing swapped harsh words over trade. Japan's Nikkei 225 fell 1.3% to 47,646.31, tracking US losses. Uncertainty over the choice of a new prime minister has also weighed on investor sentiment. Conservative lawmaker Sanae Takaichi was elected to head the ruling Liberal Democratic Party but last week's collapse of its coalition with the Buddhist-backed Komeito cast doubt over whether she would garner enough support in the lower house of parliament to prevail in a vote expected next week. Takaichi has led efforts to form a new alliance with the Osaka-based Japan Innovation Party, which would improve her chances of becoming Japan's first female prime minister. In Chinese markets, shares fell as trade tensions with Washington intensified. Hong Kong's Hang Seng index
SINGAPORE (Reuters) -Asian stocks limped towards the end of the week on a shaky footing on Friday as declines on Wall Street lingered into early trading, while commodity markets took a breather after their recent charge higher. Regional markets remain on track for one of their best years in a decade, firmly outstripping gains for U.S. counterparts as President Donald Trump's package of economic policies and tariffs prompts a surge of orders across the region to meet booming demand for AI-linked technology hardware. The U.S. trading session marked the point where a number of "well-subscribed, high-momentum trades" including gold, silver, crypto, and much of the S&P 500 "finally showed signs of exhaustion," said Chris Weston, head of research at Pepperstone Group Ltd in Melbourne. MSCI's broadest index of Asia-Pacific shares outside Japan fluctuated between gains and losses, last down 0.2% as its gains for the week hung in the balance, after U.S. stocks ended the previous .
SINGAPORE (Reuters) -Stocks began the day on the back foot on Wednesday in Asia after declines on Wall Street overnight following comments from Federal Reserve Chair Jerome Powell that gave little indication about the future path of interest rates. MSCI's broadest index of Asia-Pacific shares outside Japan slid 0.2% in early trade, after U.S. stocks ended the previous session lower. The S&P 500 was down 0.6%, marking its biggest one-day loss in three weeks.