The Nikkei 225 Future is trading at 22,210.00 up with +1.37% percent or +300.00 point . The NSE Nifty Future is trading at 11,054.10 up with +1.06% percent or +115.50 point. The Hang Seng Future is trading at 28,507.00 with a loss of +0.77% percent or +219.00 point.
TODAY’S FACTORS AND EVENTS
A day after Asian stocks sank after the Trump administration announced $200 billion in new tariffs against Chinese goods, markets strongly rebounded in early trading Thursday, with investors around the region apparently gaining optimism from a 1%-plus bounce by Chinese indexes.
Both the Shanghai Composite SHCOMP, +2.16% and the smaller-cap Shenzhen Composite 399106, +2.74% were up more than 1.2%, largely making up Wednesday’s losses. Hong Kong’s Hang Seng Index HSI, +0.70% gained as well, with ZTE 0763, +23.70% shares skyrocketing after the Chinese telecom was poised to resume doing business with U.S. suppliers. China’s state-run shipper Cosco 2866, +0.00% was up almost 1%.
PREVIOUS DAY ACTIVITY
For the day the Dow is trading at 24,700.45 with a loss of -0.88% percent or -219.21 point. The S&P 500 is trading at 2,774.02 with a loss of -0.71% percent or -19.82 point. The Nasdaq Composite is trading at 7,716.61 with a loss of – 0.55% percent or -42.59 point.
In other parts of world, Japan’s Nikkei 225 is trading at 22,187.96 up with +1.17% percent or +255.75 point. Hong Kong’s Hang Seng is trading at 28,504.37 up with +0.68% percent or +192.68 point. China’s Shanghai Composite is trading at 2,837.66 up with +2.16% percent or +59.89 point. India’s BSE Sensex is trading at 2,837.66 up with +2.16% percent or +59.89 point at 12:15 PM.