On Friday, May 12, the Dow Jones Industrial Average closed slightly lower, led by large-cap stocks, which dropped after soaring in the past. This was mainly due to the release of data showing US consumer sentiment dropped to its lowest level in six months. The Dow closed at 33,300.62 points, down 8.89 points or -0.03%. […]
Last Week’s Market Summary: Dow Closes Lower on Consumer Confidence Drop Read More »
On May 12, 2023, Asian stock markets closed mostly lower as investors remained concerned about China’s economic recovery after the country released disappointing trade and inflation data this week. Tokyo’s Nikkei, however, closed higher at its highest level since November 2021, driven by Japanese companies’ bright earnings prospects. The Nikkei closed at 29,388.30 points, an
Asian Stock Markets Mostly Closed as China’s Economic Recovery Remains Uncertain Read More »
On Tuesday, May 11th, most Asian stock markets closed with minor losses, while investors grappled with US-China inflation data. This comes after China’s National Bureau of Statistics released weaker-than-expected inflation figures in April. Hong Kong’s Hang Seng index fell by 0.09%, down 18.41 points to 19,743.79. Similarly, China’s Shanghai Composite index fell by 0.29%, down
Asian Stock Markets Mostly Lower as Investors Evaluate US-China Inflation Data Read More »
Most Asian stock markets were lower on Tuesday following China’s release of higher-than-expected trade surplus data for April. Investors are also keeping a close eye on the upcoming US inflation data and earnings reports from major US companies. Japan’s Nikkei closed higher, up 292.94 points, or +1.01%, at 29,242.82. This was supported by stronger-than-expected earnings
Asian Stock Markets Mostly Lower After China Revealed Higher-Than-Expected Trade Surplus Read More »
Asian stocks mostly closed positive on Monday, May 8, following the recovery of US stocks. Investors were buoyed by news of better-than-expected performance by major banks in Australia, as well as a reduction in deposit interest rates by major banks in China to boost credit demand and consumer spending. Tokyo’s Nikkei closed lower at 28,969.68,
Asian stocks ended mostly positive after US stocks recovered Read More »
On May 3, the Chinese and Tokyo stock markets were closed for Labor Day and Constitution Day, respectively. In Thailand, the SET closed positively at 1,533.30 points, up 4.87 points or +0.32%, due to buying back pressure after most stock prices had already dropped considerably. Meanwhile, South Korea’s KOSPI ended negatively at 2,501.40, down 22.99
On Tuesday, May 2, the Asian stock markets showed a mixed performance, as investors awaited the outcome of the US Federal Reserve’s policy meeting. The Reserve Bank of Australia (RBA) surprised the market by raising interest rates by 0.25% to 0.75%, a move that was not widely anticipated. The Australian market closed nearly 1% lower,
On April 28, 2023, Asian stock markets saw gains after the Bank of Japan (BOJ) decided to keep its monetary policy steady, calming investors’ fears of tightening. The move led to an optimistic market sentiment as Asian shares closed higher. In Australia, the S&P/ASX 200 rose by 26.00 points or +0.36% to close at 7,318.70,
Asian stock markets close higher after the Bank of Japan maintains monetary policy Read More »
On April 27, 2023, several Asian stock markets closed with mixed results as investors kept a close eye on the first meeting of the new Bank of Japan (BOJ) governor. The meeting is expected to provide clues about the central bank’s future monetary policies. Hong Kong’s Hang Seng rose by 83.01 points, or +0.42%, to
Asian Stock Markets Mixed as Investors Await New BOJ Governor’s First Meeting Read More »
Tokyo’s Nikkei closed at 28,416.47, down 203.60 points or -0.71%, with financial stocks leading the decline. Investors are increasingly concerned about the stability of the US banking sector, following reports of customers withdrawing large sums of money from First Republic Bank. In Australia, the S&P/ASX 200 closed slightly lower at 7,316.30 points, down 5.70 points
Asian Stock Markets Mostly Lower; Investors Worried about US Banks Read More »