Asian stocks

November 12, 2024 1:39 PM

Asia stocks slip, bitcoin at record high as Trump trade whipsaws markets

Asian stocks tumbled on Tuesday dragged by Chinese markets and chip shares as investors worried about U.S. President-elect Donald Trump's policies, while bitcoin hit a record peak on bets on assets that are set to benefit from the new administration. Investors anticipate Trump's second four-year term in office will bring equities-boosting tax cuts and looser regulations, lifting the world's biggest and best-known cryptocurrency, bitcoin, to an all-time high of $89,637. But the threat of possib...

November 11, 2024 9:57 AM

Asian stocks slide as China stimulus disappoints; bitcoin extends record rally

Hong Kong stocks led declines in Asia on Monday after Beijing's latest stimulus fell short of investor expectations, overshadowing Wall Street's record highs from Friday and futures pointing to further strength at the reopen. Bitcoin climbed to an all-time high as Donald Trump's victory in the U.S. presidential election along with pro-crypto candidates being voted to Congress spurred expectations of a light-handed regulatory environment. The dollar traded not far from last week's four-month pe...

November 8, 2024 11:24 AM

Asian stocks climb on Wall Street’s lead; dollar sags after Fed cut

Asian stocks rose broadly on Friday (November 8), tracking Wall Street's overnight rise to record highs, as investors digested the Federal Reserve's message for careful interest rate cuts even with expectations for big fiscal spending under incoming President Donald Trump. Although the U.S. Federal Reserve's rate cut was expected, Trump's pro growth policies could be inflationary and slow down future cuts, Associate Professor of Finance at Melbourne's RMIT University Angel Zhong said. In Tokyo...

August 14, 2024 5:07 PM

Stock market closes on a positive note amid cautious sentiment

The Indian stock market ended Wednesday's trading session on a positive note, despite a cautious undertone among investors. The Nifty 50 at the National Stock Exchange (NSE) recorded a marginal gain of 4.75 points, or 0.02%, closing at 24,143.75. Meanwhile, the BSE Sensex advanced by 149.86 points, or 0.19%, to settle at 79,105.89. The trading session saw the Nifty 50 move within a narrow range as it approached the monthly expiry, reflecting a largely sideways market. Large-cap stocks led the g...

June 19, 2024 9:46 AM

Asian stocks rise on tech rally, Fed rate cut wagers

Asian shares rose to their highest in three weeks on Wednesday, buoyed by a rally in tech stocks, while the dollar wobbled after soft U.S. retail sales data reinforced expectations of the Federal Reserve cutting rates later this year. MSCI's broadest index of Asia-Pacific shares outside Japan was 0.72% higher, with the tech stocks in the region up 1.6% at a record high. Japan's Nikkei rose 0.59%, while blue chip stocks in China were 0.42% lower. Hong Kong's Hang Seng index rose 1.3%. Data on ...

June 14, 2024 9:35 AM

Asian stocks slide, yen wobbles ahead of BOJ verdict

Asian stocks fell on Friday as investors pondered the outlook for U.S. rates after the Federal Reserve tempered its rate-cut views even as inflation came in softer than expected, while the yen was shaky before the Bank of Japan's policy meeting. The dollar was hovering near a one-month high on the back of the hawkish tone from the Fed this week, while political uncertainty in Europe kept the euro under pressure. MSCI's broadest index of Asia-Pacific shares outside Japan was 0.48% lower. Chines...

June 13, 2024 10:22 AM

Asia stocks rally, bond yields fall as investors assess Fed outlook

Asian equities rallied on Thursday (June 13) while bond yields slid, as investors weighed cooling U.S. inflation against a more hawkish posture by the Federal Reserve. Japan’s Nikkei share average climbed 0.79% to 39182.06 after the stock market opened in Tokyo in the morning while South Korea's benchmark Korea Composite Stock Price Index (KOSPI) opened up 1.60% to 2,771.93 points as of 0128GMT. The Hong Kong stock market opened 166 points higher, with the Hang Seng Index reported at 18,104 p...

June 5, 2024 9:57 AM

Asian stocks rise on rate-cut wagers; spotlight on India

Asian stocks rose on Wednesday, while the dollar was steady as a softening U.S. labour market firmed up bets of an interest rate cut in September from the Federal Reserve ahead of a crucial payrolls report this week. Investor worries of a cooling U.S. economy, however, kept a lid on risk appetite, while the focus in Asia is on how Indian markets fare after stocks sank and the rupee slid on Tuesday following voting results that showed a slimmer-than-expected victory margin for Prime Mini...

May 21, 2024 10:55 AM

Global stocks inch lower, dollar firm as Fed focus intensifies; crypto soars

Asian stocks drifted lower while the dollar held firm on Tuesday as investors awaited minutes of the Federal Reserve's latest policy meeting to gauge the timing and extent of possible interest rate cuts this year. Japan's tech-heavy Nikkei edged higher though, driven by chip shares after the Nasdaq hit a record high overnight ahead of Nvidia earnings due on Wednesday. Gold inched back towards Monday's all-time peak, while crude oil prices eased on worries of U.S. interest rates staying high fo...

May 20, 2024 12:44 PM

Global stocks, metals surge as rate cut expectations firm

Asian shares hit two-year highs while copper and gold struck records on Monday as investors wagered on interest rate cuts around the corner and China stepping up efforts to steady its ailing property sector. Brent crude futures rose to a one-week high of $84.25 a barrel after a helicopter crash killed Iran's president and Saudi Arabian state news flagged a health issue for the king, threatening fresh instability in the Middle East. Gold climbed more than 1% to $2,449.89 and copper futures ...