Asian stocks closed mostly higher on Monday, February 14th, as investors remained focused on the US consumer price index (CPI) data, while Japan announced the nomination of a new Bank of Japan (BOJ) governor. The Japanese government’s nomination of a new BOJ governor was also in focus, with reports revealing that the former deputy governor, …
Asian Stocks End Mostly Positive as Japan Nominates New BOJ Governor Read More »
Tokyo’s Nikkei index was the biggest loser among the major markets, closing down 243.66 points, or 0.88%, led by a decline in technology stocks. The new Bank of Japan (BOJ) governor’s potential abandonment of monetary easing also raised concerns among investors. In Australia, both the S&P/ASX 200 and the All Ordinaries Index closed lower, down …
Asian Stock Markets Close Mostly Lower, Investors Keep an Eye on Economic Data Read More »
Last week saw a mixed close for the US stock markets, as the Dow Jones and S&P 500 indexes closed higher while the Nasdaq closed lower. The improvement in US consumer confidence was met with positivity by investors, while the Federal Reserve’s (Fed) warning of the need to raise interest rates to curb inflation caused …
Tokyo’s Nikkei ended the day at 27,670.98, up 86.63 points or +0.31%, supported by the depreciation of the yen against the dollar and strong demand for semiconductor-related stocks. Kobe Steel saw the biggest gain with a +14.97% increase, followed by Dai Nippon Printing with a +13.81% increase and Tokai Carbon with a +10.81% increase. NTT …
Asian Stock Markets Experience Mixed Results as Investors Monitor US Inflation Read More »
Hong Kong’s Hang Seng closed higher at 21,624.36 points, up 340.84 points, or +1.60%, as investors scooped up previously slumped stocks. Technology stocks like Alibaba and Tencent led the gains. The best performers were Telecom Servoce One+63.41%, Bao Shen+30.12%, and Link Holdings Ltd+28.13%. The worst performers were Kingkey Intelligence Culture Holdings-25%, Qingdao Holdings International Ltd-20.80%, …
Asian stock markets showed a mixed reaction on Tuesday after Federal Reserve Chairman Jerome Powell announced that US inflation is slowing down. In Japan, the Nikkei index closed at 27,606.46, down 79.01 points or -0.29%. This was due to the poor performance of major Japanese firms, including Softbank Group which saw a 6% drop in …
Asian Stock Markets React to Powell’s Inflation Update Read More »
In Tokyo, the Nikkei index closed at 27,685.47, down 8.18 points or -0.03%, after four consecutive days of gains. JFE Holdings, Inc., Fujitsu, and Casio Computer were among the losing companies, while Yamaato Holdings, Hitachi Zosen Corp., and Osaka Gas emerged as the top performers. In Australia, both the S&P/ASX 200 and the All Ordinaries …
The Nikkei in Tokyo rose to its highest level in two months, closing at 27,693.65 with a 184.19-point increase, or 0.67%, boosted by a weaker yen and strong performance from export group stocks. The best performers were Mitsubishi Corp.+7.84%, Kawasaki Kisen Kaisha+5.36%, and Mitsubishi Motors Corp.+4.94%. The worst performers were Eisai-3.02%, T&D Holdings, Inc.-2.99%, and …
US Job Data Causes Concerns Among Asian Stock Markets Read More »
Foreign fund managers have invested heavily in the Chinese and Hong Kong stock markets, marking the highest value since 2018, according to research institute EPFR Global. In the four weeks to January 25, foreign funds invested $1.39 billion in the Chinese stock market and $2.16 billion in the Hong Kong stock market. An EPFR strategy …
Foreign Funds Boost Investment in China-Hong Kong Stock Markets Read More »
Asian stock markets saw a mix of gains and losses on Thursday, as investors kept a close eye on the highly-anticipated US jobs data release due later in the day. In Tokyo, the Nikkei closed at 27,509.46, up 107.41 points, or 0.39%, driven by technology stocks. In Australia, the S&P/ASX 200 and All Ordinaries both …
Asian Stock Markets Brace for US Jobs Data Release Read More »