Asia-Pacific markets experienced a general uptick on Thursday, following a rise on market driven by optimism regarding a potential interest rate cut by the Federal Reserve next week, spurred by disappointing jobs data. Payroll processor ADP reported that private companies cut 32,000 workers in November, compared with 47,000 additions in October, and well below the Read More
SoftBank spearheaded the increase in Japanese technology stocks on Wednesday, following the upward trend of market counterparts, thereby elevating the Nikkei 225 index. SoftBank, a major player in tech-focused investments, increased by over 6%, breaking a three-day sequence of declines. Tokyo Electron of Japan and Lasertec, which provides essential chipmaking equipment to foundries that manufacture Read More
On Tuesday, shares of South Korean automotive firms experienced an uptick following the announcement by U.S. Secretary of Commerce Howard Lutnick, who confirmed that the reduced U.S. auto tariffs of 15% on South Korea would be applied retroactively, effective from November 1. “We are also removing tariffs on aeroplane parts and will ‘un-stack’ Korea’s reciprocal Read More
Asia-Pacific markets commenced December on a mixed note Monday, as traders evaluated new manufacturing data from China alongside increasing anticipations of a U.S. Federal Reserve rate cut this month. Market participants are assigning an 87.4% probability to a quarter-point rate reduction at the forthcoming Federal Reserve meeting scheduled for December 10, as per indication. Hong Read More
Markets in the Asia-Pacific region exhibited a mixed performance on Friday, as U.S. stock futures remained unchanged during Thanksgiving Day, positioning the Nasdaq Composite to conclude a seven-month streak of gains. Market participants in Asia will analyze newly released economic data, including the inflation figures from Tokyo, which serve as a key indicator of the Read More
Japan’s benchmark Nikkei 225 index concluded the trading session with a gain of 1.23%, reaching 50,167.1, primarily driven by advancements in technology stocks. Meanwhile, the Topix index experienced an increase of 0.39%, finishing at 3,368.57. Among the top movers were Advantest, which increased by 4.88%, tech conglomerate SoftBank Group, which rose by 3.57%, and Lasertec, Read More
Markets in the Asia-Pacific region experienced an uptick on Wednesday, following the upward momentum observed, fueled by optimism regarding a potential reduction in benchmark interest rates by the U.S. Federal Reserve in December. Expectations increased following a report indicating that White House National Economic Council Director Kevin Hassett is viewed as the leading candidate for Read More
Asia-Pacific markets exhibited a mixed performance on Tuesday, following a rebound in technology stocks driven by a rally in the parent company of Google and optimism surrounding a potential Federal Reserve rate cut. Optimism regarding Alphabet’s position in the AI competition emerged last week following the tech giant’s announcement of its enhanced AI model, Gemini Read More
On Monday, the Asia-Pacific markets exhibited a mixed performance following indications from New York Federal Reserve President John Williams that a third rate cut could be on the horizon this year. On Friday, Williams indicated that the Federal Reserve might consider reducing its key interest rate, as the fragility of the labor market presents a Read More
Asia-Pacific markets experienced a decline on Friday, following a downturn in U.S. tech stocks and a diminishing optimism among investors regarding a potential rate cut by the Federal Reserve in December. Japan’s Nikkei 225 experienced a decline of 2.4%, closing at 48,625.88, whereas the Topix index concluded the day with no significant change. Tech conglomerate Read More
