|Day's Range||23,312.25 - 23,545.70|
|52 Week Range||18,948.58 - 23,591.09|
Japanese stocks rose on Tuesday by the most in a week on hopes that a weaker yen will support the earnings of the country's major exporters. The Nikkei index ended up 0.81% at 23,520.01 points, its biggest daily gain since Nov. 5. Japanese stocks initially started on the back foot amid uncertainty over the progress of U.S.-China trade talks and an escalation of violence in Hong Kong, but local shares gradually shook off these concerns.
Asian markets sought direction in early trading Tuesday, as traders awaited the next development in U.S.-China trade talks and violent protests continued in Hong Kong.
U.S. equity futures edged higher Tuesday, while global stocks traded firmly in positive territory, as investors awaited a key speech from President Donald Trump that could define his administration's position on U.S.-China trade talks and a long-simmering dispute over auto tariffs with the EU.
Japan's Nikkei edged up on Tuesday as a slightly weaker yen boosted shares of exporters, but the broader TOPIX index fell as worries about U.S.-China trade friction and an escalation of violence in Hong Kong hurt sentiment. The Nikkei index rose 0.07% to 23,348.86 by 0201 GMT. Excluding this factor, traders avoided taking big positions after U.S. President Donald Trump said there had been incorrect reporting about U.S. willingness to lift tariffs on China, which could make a resolution to a 16-month long trade war more difficult.
Macroeconomic news is dominating early on Veterans Day. More back and forth on trade as well as continuing protests in Hong Kong are putting pressure on Asian stock markets.
Nippon Telegraph and Telephone Corp will spend about 600 billion yen ($5.5 billion) to build power distribution networks, the Nikkei newspaper reported, without citing its sources. In a rare move for non-power generators, Japan's former telephone monopoly aims to supply power to hospitals and factories when electricity supply is cut off, the report said. NTT generates about 300 billion yen in revenue from its power business and plans to double that by fiscal 2025, the report said.
Chinese e-commerce giant Alibaba set a new sales record on Singles Day, the world’s largest 24-hour shopping event. The S&P;/ASX 200 Index posted its highest closing price since August 1, the same week it reached an all-time high closing value of 6845.
Asian markets fell in early trading Monday amid trade tensions between the U.S. and China and escalating violence in Hong Kong.
Japanese shares consolidated their gains on Monday after a strong rally over the past few weeks on hopes of a U.S.-China trade deal, but fresh violence in Hong Kong dampened sentiment. U.S. President Donald Trump said on Friday he had not agreed to a rollback of U.S. tariffs sought by China, raising some doubts on the chance of a deal, though he said on Saturday that trade talks were moving along "very nicely". Asian share markets were rattled by news fromn Hong Kong, where media reported at least one protester was wounded after police fired live rounds a day after officers used tear gas to break up demonstrations that are entering their sixth month.
(Bloomberg) -- Japan is pursuing a 300 billion ($2.75 billion) yen project to transform disaster-struck Fukushima prefecture into a clean-energy hub, with the development’s first solar farm scheduled to start in January.Building wind and solar farms on agricultural land tainted by radiation from the 2011 Dai-Ichi plant meltdown will help rejuvenate the area, which also suffered earthquake and tsunami damage, Masashi Takeuchi, the head of the energy division at the Fukushima prefectural government, said Monday.The venture includes plans for 11 solar farms and 10 wind farms with total capacity of 600 megawatts and is scheduled for completion by March 2024. The government plans to contribute 30 billion yen of subsidies and the Nikkei reported earlier the Development Bank of Japan and Mizuho Bank are among the institutions planning to provide financing.The first solar farm will probably be a 20 megawatt project in Minamisoma city in the northern part of Fukushima prefecture, according to Takeuchi. Fukushima, which provided nuclear power to Tokyo prior to the disaster, is transforming its energy policy as Tepco scraps reactors amid public concern about their safety.\--With assistance from Isabel Reynolds.To contact the reporter on this story: Aya Takada in Tokyo at firstname.lastname@example.orgTo contact the editors responsible for this story: Ramsey Al-Rikabi at email@example.com, Aaron ClarkFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Global stocks retreated from multi-month highs Monday, pulling Wall Street futures firmly into the red, as investors reacted to escalating protests in Hong Kong and expressed increasing concern that a U.S.-China trade deal could be reached by the end of the year.
The dollar slid and global equity markets fell on Monday after U.S. President Donald Trump's remarks over the weekend dashed investor optimism that Washington and Beijing would soon reach a deal to end their debilitating trade war. Trump said on Saturday that the U.S.-Sino trade talks were moving along "very nicely" but more slowly than he would have liked. Last week, U.S. and Chinese officials said they had agreed to roll back tariffs - a key consideration for China - that already are in place in a "phase one" trade deal.
Cambodia’s most promising oil concession — is the dream that refuses to die. Like many of its neighbours in south-east Asia, Cambodia has received billions of dollars in investments and loans linked to Beijing’s Belt and Road infrastructure push. Oil exports could go some way towards putting the country on a stronger financial footing, including chipping away at a 12 per cent current account deficit.
Investors will be watching monthly US retail sales closely this week. September saw the first stumble in seven months, fanning worries that slowing economic growth had finally caught up with the American consumer. Economists surveyed by Bloomberg expect the data for October, to be released on Friday, to show an increase of 0.2 per cent.
(Bloomberg) -- U.S. equities finished a week of dueling tariff headlines on a high note, as investors tried to anticipate the next moves in the trade war with China. Ten-year Treasury yields gained, while the dollar rose and West Texas crude held above $57 a barrel.The S&P 500 Index ticked up to a new closing high Friday, surpassing a record set the previous session and registering its fifth consecutive weekly gain, sparked by optimism that global growth troubles are dissipating. Tech shares and health-care stocks led advancers, while energy and utilities slid. The Dow Jones Industrial Average ended the session little changed, while the Nasdaq Composite also reached a record.Investors have been whipsawed the past two days amid an onslaught of contradictory headlines about progress toward an interim deal in the U.S.-China trade war. Officials from the two countries both said Thursday that a phase-one agreement would feature pledges to roll back tariffs on each others’ goods in phases, but President Donald Trump said Friday that the U.S. hasn’t agreed to a rollback, dimming hopes for a preliminary trade deal anytime soon.“Investors figure that, by and large, something will get done. Investors think that some trade deal is going to come over the coming months, very possibly by year’s end,” said Rick Bensignor, the founder of Bensignor Group and a former strategist for Morgan Stanley. “It’s a positive step towards doing something that shows two countries can come together and get some stuff done.” Insurance and financial companies weighed on the Stoxx Europe 600 Index, but the gauge still scored a weekly gain as well. China’s exports declined less than expected in October as optimism rose about an interim trade deal, though imports contracted for a sixth straight month. The offshore yuan edged lower though stayed stronger than 7 per dollar.Elsewhere, an early rally for Asian stocks fizzled, leaving most shares down in the region. Hong Kong equities were among the worst performing after the death of student protester threatened to inflame demonstrations planned for this weekend. Japanese 10-year government bond yields climbed alongside their Australian peers.Here are the main moves in markets:\--With assistance from Joanna Ossinger, Adam Haigh and Constantine Courcoulas.To contact the reporter on this story: Vildana Hajric in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Jeremy Herron at email@example.com, Andrew DunnFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
China’s exports and imports declined in October, Reuters reported citing data from the country’s customs released on Friday. In dollar terms, exports fell 0.9% while imports fell 6.4% from a year ago in October, but beat analysts’ forecasts.
Wall Street futures pared gains Friday, while global stocks eased from recent multi-year highs, as investors cashed out of the recent equity market rally amid questions over whether tariff rollbacks will be a key element in the potential phase one trade agreement between Washington and Beijing.
SYDNEY/TOKYO, Nov 8 (Reuters) - Asian stocks retreated from six-month highs on Friday as conflicting signals from China and the United States on progress made in trade talks deflated market hopes of a near term truce to end their damaging tariff war. The moves contrast with Thursday's surge of optimism in global markets on news Beijing and China have agreed to roll back tariffs on each others' goods as part of the first phase of a trade deal.
Although the plan appears to have met opposition from some advisers to U.S. President Donald Trump and there is no clarity on when and where the deal will be signed, investors have so far bet that a deal will come through in the end. "If you think corporate earnings will recover from here, you can expect further rise in share prices. Investors are now starting to expect such a scenario, which you can tell from the fact that cyclicals such as financials and energy shares are doing well," said Takuya Hozumi, global investment strategist at Mitsubishi UFJ Morgan Stanley.
Asian markets were mixed in early trading Friday as investors sought clarity after conflicting messages about the state of U.S.-China trade talks.
Japan's benchmark stock index rallied to a 13-month high on Friday before paring much of those gains, as markets were buffeted by conflicting reports on how much progress has been made in U.S.-China trade negotiations. On the other hand, Shiseido shed 7.5% after the cosmetics maker cut its outlook on poor sales in South Korea and Hong Kong.
Yahoo Finance's Brian Sozzi, Alexis Christoforous and Jared Blikre discuss the latest market action with Sevens Report Founder Tom Essaye and PIMCO Portfolio Manager Erin Browne on The First Trade.
Yahoo Finance’s Brian Sozzi, Alexis Christoforous, Jared Blikre join PIMCO Portfolio Manager Erin Browne and Sevens Report Founder Tom Essaye to discuss the economy on The First Trade.