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Rising Wages and Yen Keep Stocks in Japan In Check

Sep 5, 2024
Akira Ito
Japan's nominal wages rose faster than inflation for the second month in a row, supporting the case for a rate hike later in the month. The yen advanced and extended the weekly rise to 2%, keeping the stock market enthusiasm in check.

China Indexes Wavered; Property Developers, Oil Producers and Tech Stocks In Focus

Sep 5, 2024
Li Chen
China indexes remained under pressure and extended weekly losses. Property stocks advanced in the hopes of a rate cut later this month, and oil producers fell after the crude oil price dropped to an eight-month low. 

Japan Indexes Plunged 4% After U.S. Tech Stocks Dived

Sep 4, 2024
Akira Ito
Japan indexes plunged as much as 5% following widespread losses in overnight trading in New York after U.S. economic slowdown worries resurfaced. Japan's service sector expanded for the seventh month in a row in August, but the growth rate moderated.

Hang Seng Index Drops 1.3% Following Overnight Losses In New York

Sep 4, 2024
Li Chen
China's private service sector growth moderated in August, according to a private survey. Market indexes in Shanghai and Hong Kong dropped as much as 1% following sharp losses in overnight trading in New York.

Tokyo Indexes Struggled to Stay Above the Flatline Amid Ongoing Rate Path Worries

Sep 3, 2024
Akira Ito
Early morning rally fizzled in Tokyo after investors turned cautious and debated the future rate path. Tech stocks and industrial exporters traded down, but banks advanced. The yen held firm but retained an upward bias in volatile trading.

Hong Kong and Shanghai Stocks Turned Lower Amid Weak Earnings Outlook

Sep 3, 2024
Li Chen
Weak earnings added to the ongoing worries of a weakening economic backdrop and faltering consumer sentiment. Banks and real estate developers extended declines, but tech stocks held up.

Japan Indexes Struggled to Advance, Capital Spending In Second Quarter Accelerated

Sep 2, 2024
Akira Ito
Japan's capital spending in the second quarter accelerated from the first quarter and extended the increase for the thirteenth quarter in a row. Manufacturing sector activities remained in contraction in August amid weak trends in export orders from key markets.



China Indexes Drop 1% After Manufacturing Activities Contracted for the Fourth Consecutive Month

Sep 2, 2024
Li Chen
Market indexes in China declined following the weak reading on the manufacturing sector and the latest batch of corporate results.

Japan Indexes Erase August Losses, Jobless Rate Advanced to 11-month High, Retail Sales Growth Slowed

Aug 30, 2024
Akira Ito
Japan's benchmark indexes erased August losses, and the yen stabilized after surging following the hawkish shift by the Bank of Japan. Japan's jobless rate increased, and Tokyo-area inflation accelerated for the fourth month in a row.

Tech and EV Rally Lifts Hang Seng Index to a Seven-Week High

Aug 30, 2024
Li Chen
Benchmark indexes in Hong Kong jumped to a seven-week high as investors returned to acquire beaten-down tech and electric vehicle maker stocks.

Japan's Nikkei 225 Index Extended Losses to Third Consecutive Day Amid Weak Tech Stocks

Aug 29, 2024
Akira Ito
Market indexes in Tokyo declined for the third day in a row amid a weakness in semiconductor stocks. The yen traded in a tight range after comments from BOJ Deputy Governor calmed market nerves.

Electric Vehicle Makers In China Report Weakening Margins, Meituan Sales and Earnings Advanced

Aug 29, 2024
Li Chen
Electric vehicle makers Li Auto and BYD reported shrinking gross margins amid an intense price war. Meituan said sales and earnings jumped despite the escalation of the price war. China Mengniu announced a stock repurchase plan. 

Japan's Indexes Closed Up In Lackluster Trading; Retailers and Shipping Companies Extended Losses

Aug 28, 2024
Akira Ito
Stocks in Tokyo turned volatile, and semiconductor equipment makers were in focus ahead of the release of quarterly results from Nvidia Corp. Retailers edged lower after the yen rebounded. Ocean freight shipping companies traded down amid rising violence in the Middle East. 

China Stocks Extended Weekly Losses; Anta Sports Announced Stock Buyback Plan

Aug 28, 2024
Li Chen
Benchmark indexes in Shanghai and Hong Kong traded lower amid a weak earnings outlook and fragile economic recovery. Anta Sports announced a stock buyback plan and sharply increased its interim dividend. Nongfu Spring reported the slowest increase in earnings in the first half since its listing in 2020. 



India Movers: Aditya Birla Capital, Godrej Agrovet, Orient Technologies, PNC Infratech, UPL, SBI Cards

Aug 28, 2024
Arun Goswami
SBI Cards and Payment Services said its chairman has resigned. Godrej Agrovet acquired the remaining stake in its partnership with U.S.-based Tyson Foods. PNC Infratech won an order to build a bridge in Uttar Pradesh.