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Asian Stocks

Asian stocks mixed ahead of US inflation data that could direct Fed rates

Asian stocks were mixed Wednesday followed Wall Street's mostly positive performance ahead of key US inflation data that could influence the pace of market-boosting rate cuts by the Federal Reserve. US futures and oil prices were little changed. Tokyo's Nikkei 225 index edged 0.1% higher to 38,505.54. The Kospi rose 0.2% to 2,502.94 after South Korean law enforcement officials detained impeached President Yoon Suk Yeol on Wednesday in connection with his failed declaration of martial law last month. South Korea's unemployment rate reached 3.7% in December on a seasonally adjusted basis, the highest since June 2021, amid political uncertainty, the government reported. The Hang Seng in Hong Kong added 0.2% to 19,264.46 after media reported that President-elect Donald Trump's incoming economic team is discussing gradually ramping up tariffs in different phases. The Shanghai Composite shed 0.3% to 3,232.98. Australia's S&P/ASX 200 was flat at 8,233.10. On Tuesday, the S&P 500 rose

Asian stocks mixed ahead of US inflation data that could direct Fed rates
Updated On : 15 Jan 2025 | 10:46 AM IST

Asian shares fall, dollar near 14-month high as inflation, earnings loom

The impact of the jobs report on US rate cut prospects also raised the stakes for consumer price figures

Asian shares fall, dollar near 14-month high as inflation, earnings loom
Updated On : 13 Jan 2025 | 7:30 AM IST

Asian stocks slip as strong dollar reflects steady US economy, rate outlook

MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.2 per cent, with Japan's Nikkei down 0.8 per cent

Asian stocks slip as strong dollar reflects steady US economy, rate outlook
Updated On : 08 Jan 2025 | 9:29 AM IST

Asian shares rise on prospect of softer trade tariffs by Donald Trump

Washington Post reported on that Trump aides were exploring tariff plans that would be applied to every country but only cover certain sectors deemed critical to national or economic security

Asian shares rise on prospect of softer trade tariffs by Donald Trump
Updated On : 07 Jan 2025 | 10:30 AM IST

Asian shares rise, dollar at two-year high as US rates, Trump in focus

MSCI's broadest index of Asia-Pacific shares outside Japan was 0.33 per cent higher but on course for a nearly 1 per cent drop for the week

Asian shares rise, dollar at two-year high as US rates, Trump in focus
Updated On : 03 Jan 2025 | 8:33 AM IST

Asian shares stumble as 2025 begins with focus on Trump's policies

The start of the New Year was shaping up to be a less favourable one for equities, as uncertainty over the policies of incoming President Trump

Asian shares stumble as 2025 begins with focus on Trump's policies
Updated On : 02 Jan 2025 | 8:55 AM IST

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

Asian stocks, dollar hold on 'cautious trade' to close out strong 2024
Updated On : 31 Dec 2024 | 9:37 AM IST

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

Asia shares rise in holiday trade as dollar holds near two-year high
Updated On : 26 Dec 2024 | 8:25 AM IST

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 mostly lower, with most world markets closed for Christmas
Updated On : 25 Dec 2024 | 12:23 PM IST

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 shares mixed as holiday-shortened week begins on shaky note
Updated On : 24 Dec 2024 | 10:24 AM IST

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 stocks rally on account of US inflation relief, Nikkei gains 0.6%
Updated On : 23 Dec 2024 | 7:46 AM IST

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 shares pinned near three-month lows, dollar towers at 2-yr peak
Updated On : 20 Dec 2024 | 8:21 AM IST

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 stocks dive after Fed flags slower rate cuts, BOJ decision awaited
Updated On : 19 Dec 2024 | 8:28 AM IST

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 shares edge higher, dollar firms ahead of central bank meetings
Updated On : 17 Dec 2024 | 9:10 AM IST

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 stock markets wary of Fed rate future, China data disappoints
Updated On : 16 Dec 2024 | 8:49 AM IST

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 shares fall, long-dated Treasuries prepare for worst week in a year
Updated On : 13 Dec 2024 | 9:51 AM IST

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 stocks rise on Fed cut hopes, Aussie soars on strong jobs data
Updated On : 12 Dec 2024 | 9:03 AM IST

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 dip on South Korea slump, busy week for central banks
Updated On : 09 Dec 2024 | 9:22 AM IST

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 shares slip on South Korea risk, dollar steady ahead of payrolls
Updated On : 06 Dec 2024 | 9:03 AM IST

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 mixed as US data fuels hopes of Fed interest rate cuts
Updated On : 05 Dec 2024 | 8:09 AM IST