Asian shares were mixed Thursday in thin holiday trading, with most markets in the region and elsewhere closed for Christmas. In Tokyo, the Nikkei 225 lost less than 0.1% to 50,317.43. It has gained nearly 30% this year. The dollar slipped to 155.70 Japanese yen from 155.94 yen. The euro was unchanged at $1.1780. Markets in mainland China advanced, with the Shanghai Composite index up 0.3%. Hong Kong's exchange was closed. Investors were encouraged by a statement by the People's Bank of China, China's central bank, promising to ensure adequate money supply to support financing, economic growth and inflation targets. Earlier in the week, the PBOC had opted to keep its key short-term lending rates unchanged. Shares fell in Thailand and Indonesia. On Wednesday, the S&P 500 index rose 0.3% to 6,932.05 and the Dow Jones Industrial Average added 0.6% to close at 48,731.16. The Nasdaq composite added 0.2% to 23,613.31 Trading was extremely light as markets closed early for Christmas Ev
According to DBS, the first risk is a sharp correction in US equities, particularly in tech stocks linked to the AI investment wave.
Stock Market Close, Nov 26: Broader market indices edged higher, with the Nifty Midcap 100 and Nifty Smallcap 100 up 1.27 per cent and 1.36 per cent, respectively
Shares were mostly lower in Asia on Monday while US futures advanced after Wall Street's lackluster finish to last week. Tokyo's Nikkei 225 fell 0.3% to 50,226.67 after the government reported that the Japanese economy contracted at a 1.8% annual pace in the July-September quarter. The dollar rose against the Japanese yen, climbing to 154.65 yen from 154.58 yen. Chinese markets also slipped, as Hong Kong's Hang Seng shed 0.8% to 26,359.22. The Shanghai Composite index declined 0.4% to 3,973.31. Geopolitical tensions have also hurt sentiment in East Asia, as relations between China and Japan have deteriorated due to a spat following Prime Minister Sanae Takaichi's suggestion that a Chinese move against self-governing Taiwan could prompt a Japanese military response. China objects to other countries' involvement in Taiwan, which Beijing claims it as its own and destined to come under its control. The Chinese government has warned its citizens not to travel to Japan or study ...
Loop Capital raised its price target for Nvidia stock by $100, which also helped gains
The benchmark Shanghai Composite Index ended 1.2% higher, slightly shy of the psychologically significant 4,000 mark, while the blue-chip CSI300 Index was up 1.2%
Zerodha is developing the product under GIFT City framework, which offers regulatory clarity for international financial services and investments under the IFSCA
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
The jobs data will help show whether the labor market is "simply experiencing a soft patch," said Mark Luschini, chief investment strategist at Janney Montgomery Scott
The Dow's gains have been propelled by a solid year-to-date performances from Wall Street bank Goldman Sachs, tech giant Microsoft and industrial equipment maker Caterpillar
A Hong Kong-based herbal medicine firm with 12 employees is now worth $39 billion. Why Regencell Bioscience sparked a 60,000% YTD stock surge?
The most likely bloc to enjoy long-term appreciation against the USD remains Asian currencies in what amounts to a reversal of the dynamic triggered by the Asian Crisis nearly 30 yrs ago, Wood said
With US stocks still trading at 19.2x forward earnings, global investors, Wood wrote in GREED & fear note, should continue to reduce positions in favour of Europe, China and India
Known as the Dow Theory, it holds that moves in the Dow Jones Industrial Average must be confirmed by transport stocks, and vice versa, to be sustained
An ISM survey showed manufacturing was steady in February, but a measure tracking forward-looking new orders contracted to 48.6 last month from 55.1 in January
The suggestion came out of the blue and underlined the risk of more policy uncertainty and market volatility ahead. Gold hit another record high, driven mostly by a weaker dollar
Automakers, chip stocks fall after Trump announces trade tariffs
Of the 260 respondents, 88% said the debut of the startup's latest model - which wiped $784 billion from the S&P 500 on Monday - will have little to no impact on the shares of US technology behemoths
US Nasdaq Composite futures tumbled 1.8 per cent as of 0158 GMT and S&P 500 futures sank 0.9 per cent
Five of the 11 S&P 500 sectors declined, led by a 1.8 per cent drop in Technology stocks. Megacaps were down, with Tesla sliding 2 per cent, Apple dropping 2.7 per cent