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Asian stock markets close lower, led by the Hang Seng in the wake of increasing protests in China

China’s Shanghai Composite closed at 3,078.55 points, down 23.14 points or -0.75%, as investors were concerned about the COVID-19 situation in China and news of protests against lockdown measures in China, which are now intensifying. New Trend International Logis-Tech(-20.02%), XiAn Typical Industries(-10.03%), and Eastcompeace A(-10.01%) were the worst performers. The best performers were Zhejiang Tailin+20.01%, […]

Asian stock markets close lower, led by the Hang Seng in the wake of increasing protests in China Read More »

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Asian stocks closed broadly higher after the Fed signaled a slowdown in rate hikes

Tokyo’s Nikkei closed at a two-and-a-half-month high of 28,383.09, up 267.35 points, or +0.95%, supported by the release of the Federal Reserve’s minutes, which showed that it is possible that the Fed will raise interest rates at a slower pace in the near future. The winners were Cyber Agent Inc+6.94%, Nippon Yusen K.K+6.05%, and Advantest

Asian stocks closed broadly higher after the Fed signaled a slowdown in rate hikes Read More »

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Asian stock markets closed higher ahead of the release of the Fed minutes

The Nikkei in Tokyo closed higher at 28,115.74, +170.95 or 0.61%. The winners were Nippon Sheet Glass+9.64%, Mitsubishi Motors Corp.+3.89%, and JGC Corp.+3.49%. The losers were Konami Corp.-2.81%, Rakuten Inc.-2.28%, and Advantest Corp.-1.43%. The Hang Seng in Hong Kong closed up 99.40 points or +0.57% at 17,523.81 as investors expected the Federal Reserve (Fed) to

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Asian stock markets closed mixed – China COVID handling remains an issue

The Nikkei closed up 170.95 points, or +0.61%, at 28,115.74, driven by buying in export stocks after the yen weakened to 142 yen per U.S. dollar. The winners were Nippon Sheet Glass (+9.64%), Mitsubishi Motors Corp (+3.89%), and JGC Corp (+3.49%). The losers were Konami Corp.-2.81%, Rakuten Inc.-2.28%, and Advantest Corp.-1.43%. In Australia, the S&P/ASX

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Asian stock markets mostly in the red – investors concerned about China’s COVID situation

Tokyo Nikkei closed higher at 27,944.79, up 45.02 points or +0.16%, due to buying in export stocks and weakening yen. The winners were Unitika+2.80%, Teijin+2.78% and Sapporo Holdings+2.78%. The losers were Sompo Holdings Inc-8.02%, Tokai Carbon-8.20%, and Showa Denko K.K.-3.03%. In Australia, the S&P/ASX 200 closed at 7,139.30, down 12.50, or -0.17%, and the All

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The Dow slightly higher despite Big Tech mixed – This is how the major markets closed

The Dow ended Friday’s trading session in the plus with the big tech stocks mixed and energy stocks due to falling oil prices mostly in the red. The markets evaluate the statements of Fed officials, the majority of whom consider further interest rate hikes appropriate. Crude oil futures closed lower under pressure from concerns about

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Asian stock markets mixed at the end of the week

Tokyo’s Nikkei closed lower at 27,899.77, down 30.80 or -0.11%, as buying in export stocks was overshadowed after the yen weakened against the dollar. The losers were Rakuten Inc-5.55%, Softbank Group Corp.-3.86%, and Recruit Holdings-3.19%. Tokai Carbon+4.59%, Eisai+4.06%, and Tokyo Gas+3.97% were the winners. In Australia, the S&P/ASX 200 closed at 7,151.80, up 16.10 points

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Asian markets closed lower – Japan tourism on the upswing

In Australia, the S&P/ASX 200 closed at 7,135.70, up 13.50 points or +0.19%, and the All Ordinaries closed at 7,339.00, up 11.60 points or +0.16%. The winners were Pendal+10.54%, Webjet+10.14% and Fisher&Paykel Healthcare+3.89%. The losers were Perpetual-12.63%, Whitehaven Coal-6.31% and South32-5.21%. Tokyo’s Nikkei closed down 97.73 points, or -0.35%, at 27,930.57 as selling pressure on

Asian markets closed lower – Japan tourism on the upswing Read More »

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Asian stock markets closed mostly up – Technology stocks carry Hang Seng up 3%

Tokyo Nikkei closed at 27,990.17, up 26.70 or +0.10%, thanks to strong buying in bank stocks after revised dividend payout forecasts. The winners were Fujikura+5.72%, Eisai+5.61%, and Pacific Metals+4.26%. The losers were Citizen Holdings-6.71%, Recruit Holdings-6.67%, and Dentsu Inc.-5.96%. In Australia, the S&P/ASX 200 closed at 7,141.60, down 4.70, or -0.07%, and the All Ordinaries

Asian stock markets closed mostly up – Technology stocks carry Hang Seng up 3% Read More »