As the US government shutdown blots out most economic data, the spotlight is on Friday's consumer price figures for signals about next week's policy meeting at the Federal Reserve
MSCI's broadest index of Asia-Pacific shares outside Japan was last off 0.3 per cent, while Japan's Nikkei 225 sank 1.5 per cent
Asian shares were mostly lower Wednesday on selling of technology shares following a lackluster day on Wall Street. US futures edged higher, while crude oil prices rose about $1 a barrel. Chinese markets retreated after US President Donald Trump cast doubt on whether or not he will meet with Chinese leader Xi Jinping later this month. Maybe it won't happen, maybe it won't happen, he said while hosting a lunch for Republican Party senators at the White House. However, Trump also said he was expecting to do well in negotiations with China. I'm going to see President Xi in two weeks... We're going to meet in South Korea, he said. We're going to talk about a lot of things they want to discuss. Trump is travelling in the next several days to Japan and South Korea, in part, to finalise the terms of investments from those countries as part of an agreement to minimise the tariff rates Trump is charging on foreign goods. Hong Kong's Hang Seng dropped 1% to 25,769.83, while the Shanghai .
A broad rally sent all three major US stock indexes to a sharply higher close overnight with chip stocks hitting a record high
Japan's Nikkei led Asia higher with a rise of 1.5 per cent encouraged by news the Liberal Democratic Party and the Japan Innovation Party have agreed to form a coalition government
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
Powell left the door open to further rate cuts on Tuesday and said the end of the central bank's long-running effort to shrink the size of its holdings may be coming into view
Wall Street's main indexes ended as much as 2.2 per cent higher on Monday, led by chipmakers, after Trump struck a more conciliatory tone about US-China trade tensions
A holiday in Japan and the United States made for choppy early trading and political uncertainty still shrouded Japanese and European assets
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 .
Stocks in Taiwan climbed 1.2 per cent to a fresh record, while MSCI's broadest index of Asia-Pacific shares outside Japan firmed 0.3 per cent
Shares were mostly lower in Asia on Wednesday after US stocks sank to their first loss in eight days, losing momentum after the price of gold topped $4,000 per ounce for the first time. The price of gold was up $25.40 at $4,029.60 an ounce. US futures and oil prices also advanced. The Japanese yen fell sharply against the dollar on expectations that Sanae Takaichi, the conservative lawmaker likely to become the next prime minister, will push to keep interest rates low. The dollar rose to 152.53 yen from 151.90 yen, while the euro slipped to $1.1621 from $1.1659. Tokyo's benchmark Nikkei 225 edged 0.1% higher to 48,002.18. Takaichi, who the ruling Liberal Democrats chose as their leader last weekend, is expected to increase spending and to advocate for easier credit, possibly slowing efforts by the Bank of Japan to raise its key interest rate. It has remained near zero for years, even as inflation has exceeded its target of about 2%, outpacing wage increases. While the economic c
Asian markets were taking cues from Wall Street, where all three major indexes closed at record highs buoyed by technology stocks as investor enthusiasm for all things AI remains unchallenged
Taiwan's tech-heavy bourse jumped 1.5 per cent, while South Korea's KOSPI shot up 2.8 per cent after chip heavyweights Samsung and Hynix inked partnerships to supply OpenAI data centres
MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.5 per cent in early trading, poised for a 5.6 per cent gain this month that would be the best in a year
MSCI's broadest index of Asia-Pacific shares outside Japan firmed 0.4 per cent, to be up almost 4 per cent for the month
Shares of pharmaceutical companies across Asia tumbled in the aftermath, with Japan's Topix pharmaceutical index last down 1.2 per cent, while Hong Kong-listed innovative drug index fell 2 per cent
Oil prices slipped, after surging over 2 per cent overnight to seven-week peaks as a surprise drop in US crude inventories added to supply worries
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.
The rush into tech has been a boon for chip sectors in many Asian markets, with South Korean stocks up 0.2 per cent, having surged almost 9 per cent this month