Page 10 - Asian Stocks

Asian stocks, dollar hold on 'cautious trade' to close out strong 2024

Volumes were light with holiday for New Year looming and Japan on holiday for the rest of the week, with the Santa-rally losing some steam as elevated Treasury yields weigh on high equity valuations

Asia shares rise in holiday trade as dollar holds near two-year high

As the year-end approaches, trading volumes have begun thinning out and the main focus for investors remains that of the Federal Reserve's rate outlook

Asian shares mostly lower, with most world markets closed for Christmas

Shares slipped in Tokyo and Shanghai on Wednesday, two of only a handful of world markets open on Christmas day. Oil prices rose. Japan's Nikkei 225 index edged 0.1 per cent lower to 38,997.02, while the Shanghai Composite index lost 0.2 per cent to 3,387.41. Thursday will bring a weekly update on US unemployment benefits. Also early Wednesday, US benchmark crude oil was up 93 cents at USD 70.17 per barrel. Brent crude, the international standard, picked up 6 cents to USD 73.23 per barrel. The USD rose to 157.37 Japanese Yen from 157.11 Yen. The Euro rose to USD 1.0431 from USD 1.0397. On Tuesday, stocks closed higher on Wall Street in a shortened holiday session. Gains in Big Tech stocks helped the S&P 500 to a 1.1 per cent gain, while the Dow Jones Industrial Average rose 0.9 per cent. The Nasdaq composite climbed 1.3 per cent. Advancers outnumbered decliners by more than 3-to-1 on the New York Stock Exchange. Broadcom rose 3.2 per cent, Apple gained 1.1 per cent and Amazon .

Asian shares mixed as holiday-shortened week begins on shaky note

Asian markets were mixed on Tuesday after stocks in Wall Street shook off a choppy start to finish higher the previous day as it kicked off a holiday-shortened week. US futures were little changed and oil prices rose. Honda shares surged more than 16 per cent as the Japanese auto giant announced an up to 1.1 trillion yen (USD 7 billion) share buyback and meanwhile, held a merger talk with Nissan. The two companies said they had signed a memorandum of understanding on Monday and that smaller Nissan alliance member Mitsubishi Motors Corp. also had agreed to join the talks on integrating their businesses. Nissan's share shed 0.1 per cent on Tuesday. Japan's benchmark Nikkei 225 slipped 0.3 per cent in morning trading to 39,055.35. South Korea's consumer sentiment sharply dropped in December amid rising concerns over political uncertainty following the parliament's impeachment of President Yoon Suk Yeol. The decline hit the lowest level since November 2022, when a Halloween crowd crus

Asian stocks rally on account of US inflation relief, Nikkei gains 0.6%

After the bonanza of recent central bank decisions, this week is much quieter with only the minutes of a few of those meetings due

Asian shares pinned near three-month lows, dollar towers at 2-yr peak

Rates now are expected to bottom out at 3.9 per cent by the end of next year, much higher than just a few months ago

Asian stocks dive after Fed flags slower rate cuts, BOJ decision awaited

Asian stocks have taken the cue from Wall Street, with MSCI's broadest index of Asia-Pacific shares outside Japan down 1 per cent

Asian shares edge higher, dollar firms ahead of central bank meetings

Dollar index, which measures the US currency against six rivals, was steady at 106.77 and on course for 5 per cent gain for the year

Asian stock markets wary of Fed rate future, China data disappoints

China's blue chip index eased 0.2 per cent, having dropped more than 2 per cent last Friday

Asian shares fall, long-dated Treasuries prepare for worst week in a year

It has been a week of rate cuts from Switzerland, Canada and the European Central Bank, which had rate differentials working in the favour of the US dollar

Asian stocks rise on Fed cut hopes, Aussie soars on strong jobs data

The Australian dollar surged after employment data topped estimates by a wide margin

Asian shares dip on South Korea slump, busy week for central banks

Mood was generally upbeat after US November payrolls showed enough of a recovery to assuage concerns of a slowdown

Asian shares slip on South Korea risk, dollar steady ahead of payrolls

MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.3 per cent in part due to a 1.7 per cent drop in South Korea's KOSPI

Asian stocks mixed as US data fuels hopes of Fed interest rate cuts

The S&P 500, Nasdaq and Dow all notched record highs overnight and bitcoin, at times a barometer of the mood, was back within a whisker of $100,000

Asian stocks fall amid volatility as South Korea faces political turmoil

The benchmark KOSPI index was down nearly 2 per cent, taking its year-to-date losses to over 7 per cent

Asian stocks rise as Nvidia earnings and bitcoin surge drive gains

Asian stock rose on Friday following Wall Street gain after market superstar Nvidia and another round of companies said they're making even fatter profits than expected. US futures fell. Geopolitical tensions pushed oil prices higher. On Thursday, President Vladimir Putin announced that Russia had fired a new intermediate-range ballistic missile at Ukraine in response to Kyiv's use this week of American and British missiles capable of reaching deeper into Russia. Japan's benchmark Nikkei 225 added 1% to 38,415.32 after the nation's inflation data slowed to 2.3% in October from 2.5% in the prior month, reaching its lowest level since January. The readings will be one of the key topics at the Bank of Japan's policy meeting in December, where some investors anticipate an increase in the short-term policy rate to 0.5% from 0.25%. Australia's S&P/ASX 200 rose 1% to 8,407.50. South Korea's Kospi was up 1.2% at 2,509.06. Hong Kong's Hang Seng shed less than 0.1% to 19,594.52, while the ..

Asian stocks ease as Nvidia's forecast dampens investors' risk appetite

Prevailing geopolitical concerns following the escalating conflict in Ukraine earlier this week led safe-haven assets higher, including gold and government bonds

Asia stocks rise, dollar weak from multi-month highs as US yields tick down

Tech shares advanced, tracking Wall Street's recovery from last week's steep losses although Nvidia's upcoming earnings on Wednesday limited the scope for big moves

Stock Market Highlights: Sensex slips 111 pts in subdued trade, Nifty holds 23,500; Smallcaps shine

Stock Market Highlights: 29 out of the 50 constituent stocks of the benchmark NSE Nifty50 ended lower, dragged by Hindustan Unilever, Britannia Industries, BPCL, Tata Consumer, and Nestle India

Asian shares slide on unease over jump in bond yields as US inflation eyed

Bond yields have soared since Donald Trump was elected back to the White House last week on expectations lower taxes