Market Update
U.S. Movers: Applied Materials, StubHub, Walt Disney
Scott Peters
14 Nov, 2025
New York City
Applied Materials dropped 5% to $211.74 despite the semiconductor equipment maker reporting better-than-expected fiscal fourth-quarter results.
Revenue decreased 3% to $6.8 billion from $7.05 billion, net income rose 10% to $1.9 billion from $1.8 billion, and diluted earnings per share rose 14% to $2.38 from $2.09 a year ago.
The company estimated fiscal first quarter revenue of $6.8 billion with a band of plus or minus $500 million and non-GAAP diluted earnings per share of $2.18 with a band of plus or minus 20 cents.
StubHub Holdings plunged 19.3% to $15.22 despite the company reporting better-than-expected results in the third quarter.
Revenue increased 8% to $468.1 million from $433.8 million, net income expanded to $1.3 billion from $45.9 million, and diluted loss per share expanded to $4.27 from a loss of 15 cents.
Gross merchandise sales rose 11% to $2.4 billion and advanced 24% excluding the impact of Taylor Swift's "Eras" tour.
Net loss of $1.3 billion, reflecting a one-time stock-based compensation charge of $1.4 billion related to the company’s initial public offering, representing the GAAP-required recognition of multiple years of stock-based compensation to employees.
The ticketing company listed its stock on the New York Stock Exchange in September and, together with Series O preferred equity, raised approximately one billion in gross proceeds.
StubHub stock came under heavy pressure after the company's chief executive said during a conference call that the company will not be issuing a forward-looking guidance for the current quarter.
Walt Disney Company decreased 7.7% to $107.61, and the streaming media and theme park operator reported mixed quarterly results.
Revenue in the third quarter was flat at $22.5 billion, net income increased to $1.3 billion from $460 million, and diluted earnings per share soared to 73 cents from 25 cents a year ago.
The Entertainment segment revenue decreased 6% to $10.2 billion, Sports increased 2% to $4 billion from $3.9 billion, and the Experiences segment advanced 6% to $8.8 billion from $8.2 billion a year ago, respectively.
The company's board declared a cash dividend of $1.50 per share, payable in two installments of $0.75 per share, payable on January 15, 2026, to shareholders on record on December 15, 2025, and on July 22, 2026, to shareholders on record on June 30, 2026.
U.S. Movers: Applied Materials, StubHub, Walt Disney
Scott Peters
14 Nov, 2025
New York City
Applied Materials dropped 5% to $211.74 despite the semiconductor equipment maker reporting better-than-expected fiscal fourth-quarter results.
Revenue decreased 3% to $6.8 billion from $7.05 billion, net income rose 10% to $1.9 billion from $1.8 billion, and diluted earnings per share rose 14% to $2.38 from $2.09 a year ago.
The company estimated fiscal first quarter revenue of $6.8 billion with a band of plus or minus $500 million and non-GAAP diluted earnings per share of $2.18 with a band of plus or minus 20 cents.
StubHub Holdings plunged 19.3% to $15.22 despite the company reporting better-than-expected results in the third quarter.
Revenue increased 8% to $468.1 million from $433.8 million, net income expanded to $1.3 billion from $45.9 million, and diluted loss per share expanded to $4.27 from a loss of 15 cents.
Gross merchandise sales rose 11% to $2.4 billion and advanced 24% excluding the impact of Taylor Swift's "Eras" tour.
Net loss of $1.3 billion, reflecting a one-time stock-based compensation charge of $1.4 billion related to the company’s initial public offering, representing the GAAP-required recognition of multiple years of stock-based compensation to employees.
The ticketing company listed its stock on the New York Stock Exchange in September and, together with Series O preferred equity, raised approximately one billion in gross proceeds.
StubHub stock came under heavy pressure after the company's chief executive said during a conference call that the company will not be issuing a forward-looking guidance for the current quarter.
Walt Disney Company decreased 7.7% to $107.61, and the streaming media and theme park operator reported mixed quarterly results.
Revenue in the third quarter was flat at $22.5 billion, net income increased to $1.3 billion from $460 million, and diluted earnings per share soared to 73 cents from 25 cents a year ago.
The Entertainment segment revenue decreased 6% to $10.2 billion, Sports increased 2% to $4 billion from $3.9 billion, and the Experiences segment advanced 6% to $8.8 billion from $8.2 billion a year ago, respectively.
The company's board declared a cash dividend of $1.50 per share, payable in two installments of $0.75 per share, payable on January 15, 2026, to shareholders on record on December 15, 2025, and on July 22, 2026, to shareholders on record on June 30, 2026.
AI-Trade Unwinding Extended to Second Week On Wall Street
Barry Adams
14 Nov, 2025
New York City
In Friday's trading stocks lacked direction on Wall Street, as investors recalibrated risk appetite amid stretched AI valuations.
The S&P 500 index edged up 0.1%, and the tech-heavy Nasdaq Composite decreased 0.1% following sharp losses in the previous session.
AI-linked stocks extended losses this week, after benchmark indexes registered losses between 1.7% and 2.3% amid interest rate uncertainty.
Investors dialed down rate-cut expectations following the last two-day policy meeting of 2025, ending on December 10.
Nvidia, Broadcom, Alphabet, and Oracle extended this week's losses amid worries about the sustainability of AI capex and rising debt levels and heavy client concentration.
Broader market indexes are set to close higher this week despite elevated choppiness and growing anxieties about circular AI trade.
U.S. Movers
Applied Materials dropped 5% to $211.74 despite the semiconductor equipment maker reporting better-than-expected fiscal fourth-quarter results.
Revenue decreased 3% to $6.8 billion from $7.05 billion, net income rose 10% to $1.9 billion from $1.8 billion, and diluted earnings per share rose 14% to $2.38 from $2.09 a year ago.
The company estimated fiscal first quarter revenue of $6.8 billion with a band of plus or minus $500 million and non-GAAP diluted earnings per share of $2.18 with a band of plus or minus 20 cents.
StubHub Holdings plunged 19.3% to $15.22 despite the company reporting better-than-expected results in the third quarter.
Revenue increased 8% to $468.1 million from $433.8 million, net income expanded to $1.3 billion from $45.9 million, and diluted loss per share expanded to $4.27 from a loss of 15 cents.
Gross merchandise sales rose 11% to $2.4 billion and advanced 24% excluding the impact of Taylor Swift's "Eras" tour.
Net loss of $1.3 billion, reflecting a one-time stock-based compensation charge of $1.4 billion related to the company’s initial public offering, representing the GAAP-required recognition of multiple years of stock-based compensation to employees.
The ticketing company listed its stock on the New York Stock Exchange in September and, together with Series O preferred equity, raised approximately one billion in gross proceeds.
StubHub stock came under heavy pressure after the company's chief executive said during a conference call that the company will not be issuing a forward-looking guidance for the current quarter.
Walt Disney Company decreased 7.7% to $107.61, and the streaming media and theme park operator reported mixed quarterly results.
Revenue in the third quarter was flat at $22.5 billion, net income increased to $1.3 billion from $460 million, and diluted earnings per share soared to 73 cents from 25 cents a year ago.
The Entertainment segment revenue decreased 6% to $10.2 billion, Sports increased 2% to $4 billion from $3.9 billion, and the Experiences segment advanced 6% to $8.8 billion from $8.2 billion a year ago, respectively.
The company's board declared a cash dividend of $1.50 per share, payable in two installments of $0.75 per share, payable on January 15, 2026, to shareholders on record on December 15, 2025, and on July 22, 2026, to shareholders on record on June 30, 2026.
AI-Trade Unwinding Extended to Second Week On Wall Street
Barry Adams
14 Nov, 2025
New York City
In Friday's trading stocks lacked direction on Wall Street, as investors recalibrated risk appetite amid stretched AI valuations.
The S&P 500 index edged up 0.1%, and the tech-heavy Nasdaq Composite decreased 0.1% following sharp losses in the previous session.
AI-linked stocks extended losses this week, after benchmark indexes registered losses between 1.7% and 2.3% amid interest rate uncertainty.
Investors dialed down rate-cut expectations following the last two-day policy meeting of 2025, ending on December 10.
Nvidia, Broadcom, Alphabet, and Oracle extended this week's losses amid worries about the sustainability of AI capex and rising debt levels and heavy client concentration.
Broader market indexes are set to close higher this week despite elevated choppiness and growing anxieties about circular AI trade.
U.S. Movers
Applied Materials dropped 5% to $211.74 despite the semiconductor equipment maker reporting better-than-expected fiscal fourth-quarter results.
Revenue decreased 3% to $6.8 billion from $7.05 billion, net income rose 10% to $1.9 billion from $1.8 billion, and diluted earnings per share rose 14% to $2.38 from $2.09 a year ago.
The company estimated fiscal first quarter revenue of $6.8 billion with a band of plus or minus $500 million and non-GAAP diluted earnings per share of $2.18 with a band of plus or minus 20 cents.
StubHub Holdings plunged 19.3% to $15.22 despite the company reporting better-than-expected results in the third quarter.
Revenue increased 8% to $468.1 million from $433.8 million, net income expanded to $1.3 billion from $45.9 million, and diluted loss per share expanded to $4.27 from a loss of 15 cents.
Gross merchandise sales rose 11% to $2.4 billion and advanced 24% excluding the impact of Taylor Swift's "Eras" tour.
Net loss of $1.3 billion, reflecting a one-time stock-based compensation charge of $1.4 billion related to the company’s initial public offering, representing the GAAP-required recognition of multiple years of stock-based compensation to employees.
The ticketing company listed its stock on the New York Stock Exchange in September and, together with Series O preferred equity, raised approximately one billion in gross proceeds.
StubHub stock came under heavy pressure after the company's chief executive said during a conference call that the company will not be issuing a forward-looking guidance for the current quarter.
Walt Disney Company decreased 7.7% to $107.61, and the streaming media and theme park operator reported mixed quarterly results.
Revenue in the third quarter was flat at $22.5 billion, net income increased to $1.3 billion from $460 million, and diluted earnings per share soared to 73 cents from 25 cents a year ago.
The Entertainment segment revenue decreased 6% to $10.2 billion, Sports increased 2% to $4 billion from $3.9 billion, and the Experiences segment advanced 6% to $8.8 billion from $8.2 billion a year ago, respectively.
The company's board declared a cash dividend of $1.50 per share, payable in two installments of $0.75 per share, payable on January 15, 2026, to shareholders on record on December 15, 2025, and on July 22, 2026, to shareholders on record on June 30, 2026.
China's Mixed Economic Data Dashed Hopes of Year-End Stimulus
Li Chen
14 Nov, 2025
Hong Kong
China's stock market indexes traded lower amid sluggish economic data and weakening market sentiment.
The Hang Seng Index decreased 0.8%, and the mainland-focused CSI 300 index dropped 0.7% after data on retail sales, industrial production, and the residential housing market underwhelmed investors.
China's industrial production growth slowed to 4.9% in October from a three-month high of 6.5% in September, the National Bureau of Statistics reported Friday.
Industrial production growth slowed because of a softer rise in manufacturing activities at 4.9% compared to 7.3% in September and mining at 4.5% compared to 6.4% in the previous month, respectively.
Retail sales growth eased to 2.9% in October from 3.0% in the previous month, the statistical agency said in a separate report.
Sales declined for the fifth consecutive month amid weakening consumer sentiment and elevated youth unemployment.
Retail and food and beverage sales during the critical eight-day "Golden Week" period rose at a slower pace of 2.7% compared to 4.5% in the year before, the government data showed.
The urban jobless rate eased to 5.1% in October from 5.2% in the previous month, but anecdotal evidence suggested an above-average jobless rate among young adults and recent graduates.
Fixed-asset investment in the ten months to October decreased 1.7%, a wider decline compared to a 0.5% drop in the first nine months.
The persistent weakness in the real estate market overshadowed overall investment data, and real estate investment fell by 14.7% in the ten-month period compared to 13.9% in the first nine months.
Real estate projects outside of Shanghai and Beijing continued to languish amid a lack of demand and oversupply of residential properties.
New home sales per floor area declined 6.8% in the ten-month period to October, compared to a 5.5% decrease in the nine-month period to September, according to NBS data.
Home prices declined 2.2% from a year ago in October, matching the annual rate in the previous month, the statistical bureau reported on Friday.
New home prices in Beijing declined 2.0% compared to 2.6%, in Guangzhou eased 4.2% from 4.1%, and Shenzhen decreased 2.6% compared to 2.1% in the previous month, respectively.
However, Shanghai remained a lone outlier with a 5.7% rise in October, compared to 5.6% in the previous month.
China Indexes and Stocks
The Hang Seng Index decreased 0.8% to 26,794.09, and the mainland-focused CSI 300 index declined 0.7% to 4,669.01.
Investors were on the back foot in China and Asia amid worries about stretched AI valuation and receding hopes of a U.S. rate cut following hawkish comments from policymakers.
JD.com declined 5.1% to HK $117.40 after the e-commerce platform operator reported a 55% decline in profit in the September quarter.
Tencent Holdings decreased 0.9% to HK $650.50 despite the parent company of WeChat reporting a 15% increase in revenue to 192.9 billion yen and a 19% rise in earnings to 63.1 billion yuan in the third quarter.
The company said the chip shortage is curbing growth in its cloud services unit, and the company is planning to use its homegrown chip for AI and cloud applications.
China's Mixed Economic Data Dashed Hopes of Year-End Stimulus
Li Chen
14 Nov, 2025
Hong Kong
China's stock market indexes traded lower amid sluggish economic data and weakening market sentiment.
The Hang Seng Index decreased 0.8%, and the mainland-focused CSI 300 index dropped 0.7% after data on retail sales, industrial production, and the residential housing market underwhelmed investors.
China's industrial production growth slowed to 4.9% in October from a three-month high of 6.5% in September, the National Bureau of Statistics reported Friday.
Industrial production growth slowed because of a softer rise in manufacturing activities at 4.9% compared to 7.3% in September and mining at 4.5% compared to 6.4% in the previous month, respectively.
Retail sales growth eased to 2.9% in October from 3.0% in the previous month, the statistical agency said in a separate report.
Sales declined for the fifth consecutive month amid weakening consumer sentiment and elevated youth unemployment.
Retail and food and beverage sales during the critical eight-day "Golden Week" period rose at a slower pace of 2.7% compared to 4.5% in the year before, the government data showed.
The urban jobless rate eased to 5.1% in October from 5.2% in the previous month, but anecdotal evidence suggested an above-average jobless rate among young adults and recent graduates.
Fixed-asset investment in the ten months to October decreased 1.7%, a wider decline compared to a 0.5% drop in the first nine months.
The persistent weakness in the real estate market overshadowed overall investment data, and real estate investment fell by 14.7% in the ten-month period compared to 13.9% in the first nine months.
Real estate projects outside of Shanghai and Beijing continued to languish amid a lack of demand and oversupply of residential properties.
New home sales per floor area declined 6.8% in the ten-month period to October, compared to a 5.5% decrease in the nine-month period to September, according to NBS data.
China Indexes and Stocks
The Hang Seng Index decreased 0.8% to 26,794.09, and the mainland-focused CSI 300 index declined 0.7% to 4,669.01.
Investors were on the back foot in China and Asia amid worries about stretched AI valuation and receding hopes of a U.S. rate cut following hawkish comments from policymakers.
JD.com declined 5.1% to HK $117.40 after the e-commerce platform operator reported a 55% decline in profit in the September quarter.
Tencent Holdings decreased 0.9% to HK $650.50 despite the parent company of WeChat reporting a 15% increase in revenue to 192.9 billion yen and a 19% rise in earnings to 63.1 billion yuan in the third quarter.
The company said the chip shortage is curbing growth in its cloud services unit, and the company is planning to use its homegrown chip for AI and cloud applications.
U.S. Movers: Cisco Systems, Firefly Aerospace, Sweetgreen
Scott Peters
13 Nov, 2025
New York City
Cisco Systems jumped 6.5% to $78.80 after the networking gear company's latest quarterly results surpassed market expectations.
Cisco Systems said revenue in the fiscal first quarter ending on October 25 rose 8% to $14.9 billion from $13.8 billion, net income advanced 5% to $2.9 billion from $2.7 billion, and diluted earnings per share increased 6% to 72 cents from 68 cents a year ago.
Firefly Aerospace soared 25% to $23.36 after the company reported better-than-expected third-quarter results.
Revenue increased to $30.8 million from $22.4 million, net loss expanded to $140.3 million from $46.2 million, and diluted loss per share shrank to $1.50 from $3.57 a year ago.
Outstanding shares jumped to 93.8 million from 12.9 million in the quarter a year ago.
In the latest quarter, the Texas-based company recorded a one-time charge of $30 million to extinguish debt and $42.2 million in change in the fair value of warrant liability.
Operating loss expanded to $62.2 million from $34.2 million in the quarter a year ago.
Firefly estimated 2025 full-year revenue to be between $150 million and $158 million.
Sweetgreen dropped 10% to $5.23 after the salad chain reported a wider-than-expected quarterly loss.
Revenue in the third quarter ending on September 25 decreased 0.6% to $172.4 million from $173.4 million, net loss expanded to $36.2 million from $20.8 million, and diluted loss per share expanded to 31 cents from 18 cents a year ago.
Same-store sales continued to shrink as the salad chains' core customers retrenched spending amid the cost of living crisis and avoided high-priced restaurants.
Same-store sales decreased 9.5%, compared to an increase of 5.6% in the prior-year period.
The company said it remained profitable at the restaurant level and earned $22.5 million compared to $34.9 million, but restaurant-level profit margin shrank to 13.1% compared to 20.1% a year ago, respectively.
U.S. Movers: Cisco Systems, Firefly Aerospace, Sweetgreen
Scott Peters
13 Nov, 2025
New York City
Cisco Systems jumped 6.5% to $78.80 after the networking gear company's latest quarterly results surpassed market expectations.
Cisco Systems said revenue in the fiscal first quarter ending on October 25 rose 8% to $14.9 billion from $13.8 billion, net income advanced 5% to $2.9 billion from $2.7 billion, and diluted earnings per share increased 6% to 72 cents from 68 cents a year ago.
Firefly Aerospace soared 25% to $23.36 after the company reported better-than-expected third-quarter results.
Revenue increased to $30.8 million from $22.4 million, net loss expanded to $140.3 million from $46.2 million, and diluted loss per share shrank to $1.50 from $3.57 a year ago.
Outstanding shares jumped to 93.8 million from 12.9 million in the quarter a year ago.
In the latest quarter, the Texas-based company recorded a one-time charge of $30 million to extinguish debt and $42.2 million in change in the fair value of warrant liability.
Operating loss expanded to $62.2 million from $34.2 million in the quarter a year ago.
Firefly estimated 2025 full-year revenue to be between $150 million and $158 million.
Sweetgreen dropped 10% to $5.23 after the salad chain reported a wider-than-expected quarterly loss.
Revenue in the third quarter ending on September 25 decreased 0.6% to $172.4 million from $173.4 million, net loss expanded to $36.2 million from $20.8 million, and diluted loss per share expanded to 31 cents from 18 cents a year ago.
Same-store sales continued to shrink as the salad chains' core customers retrenched spending amid the cost of living crisis and avoided high-priced restaurants.
Same-store sales decreased 9.5%, compared to an increase of 5.6% in the prior-year period.
The company said it remained profitable at the restaurant level and earned $22.5 million compared to $34.9 million, but restaurant-level profit margin shrank to 13.1% compared to 20.1% a year ago, respectively.
U.S. Government Prepares to Reopen and Defensive Stocks Shine
Barry Adams
13 Nov, 2025
New York City
Wall Street indexes struggled to advance amid market rotation as investors avoided increasing exposure to risk-on assets.
The S&P 500 index decreased 0.2%, and the tech-heavy Nasdaq Composite declined 0.3% as investors awaited the resumption of key economic data.
The U.S. House of Representatives ended the record 43-day-long federal government shutdown after passing a spending resolution by a 222-209 vote.
The agreement between the Republicans and centrist Democrats approved government spending through January and financing of key government programs until the end of fiscal 2026.
Most of the furloughed federal employees are expected to be rehired, and the federal government will resume the funding of food and nutrition assistance provided to about 42 million people.
Financial markets have encountered additional challenges over the last six weeks due to a data blackout resulting from the prolonged government shutdown.
The reopening of government will facilitate the resumption of the flow of macroeconomic data, including inflation and nonfarm payrolls data for September.
U.S. Stock Movers
Cisco Systems jumped 6.5% to $78.80 after the networking gear company's latest quarterly results surpassed market expectations.
Cisco Systems said revenue in the fiscal first quarter ending on October 25 rose 8% to $14.9 billion from $13.8 billion, net income advanced 5% to $2.9 billion from $2.7 billion, and diluted earnings per share increased 6% to 72 cents from 68 cents a year ago.
Firefly Aerospace soared 25% to $23.36 after the company reported better-than-expected third-quarter results.
Revenue increased to $30.8 million from $22.4 million, net loss expanded to $140.3 million from $46.2 million, and diluted loss per share shrank to $1.50 from $3.57 a year ago.
Outstanding shares jumped to 93.8 million from 12.9 million in the quarter a year ago.
In the latest quarter, the Texas-based company recorded a one-time charge of $30 million to extinguish debt and $42.2 million in change in the fair value of warrant liability.
Operating loss expanded to $62.2 million from $34.2 million in the quarter a year ago.
Firefly estimated 2025 full-year revenue to be between $150 million and $158 million.
Sweetgreen dropped 10% to $5.23 after the salad chain reported a wider-than-expected quarterly loss.
Revenue in the third quarter ending on September 25 decreased 0.6% to $172.4 million from $173.4 million, net loss expanded to $36.2 million from $20.8 million, and diluted loss per share expanded to 31 cents from 18 cents a year ago.
Same-store sales continued to shrink as the salad chains' core customers retrenched spending amid the cost of living crisis and avoided high-priced restaurants.
Same-store sales decreased 9.5%, compared to an increase of 5.6% in the prior-year period.
The company said it remained profitable at the restaurant level and earned $22.5 million compared to $34.9 million, but restaurant-level profit margin shrank to 13.1% compared to 20.1% a year ago, respectively.
U.S. Government Prepares to Reopen and Defensive Stocks Fin
Barry Adams
13 Nov, 2025
New York City
Wall Street indexes struggled to advance amid market rotation as investors avoided increasing exposure to risk-on assets.
The S&P 500 index decreased 0.2%, and the tech-heavy Nasdaq Composite declined 0.3% as investors awaited the resumption of key economic data.
The U.S. House of Representatives ended the record 43-day-long federal government shutdown after passing a spending resolution by a 222-209 vote.
The agreement between the Republicans and centrist Democrats approved government spending through January and financing of key government programs until the end of fiscal 2026.
Most of the furloughed federal employees are expected to be rehired, and the federal government will resume the funding of food and nutrition assistance provided to about 42 million people.
Financial markets have encountered additional challenges over the last six weeks due to a data blackout resulting from the prolonged government shutdown.
The reopening of government will facilitate the resumption of the flow of macroeconomic data, including inflation and nonfarm payrolls data for September.
U.S. Stock Movers
Cisco Systems jumped 6.5% to $78.80 after the networking gear company's latest quarterly results surpassed market expectations.
Cisco Systems said revenue in the fiscal first quarter ending on October 25 rose 8% to $14.9 billion from $13.8 billion, net income advanced 5% to $2.9 billion from $2.7 billion, and diluted earnings per share increased 6% to 72 cents from 68 cents a year ago.
Firefly Aerospace soared 25% to $23.36 after the company reported better-than-expected third-quarter results.
Revenue increased to $30.8 million from $22.4 million, net loss expanded to $140.3 million from $46.2 million, and diluted loss per share shrank to $1.50 from $3.57 a year ago.
Outstanding shares jumped to 93.8 million from 12.9 million in the quarter a year ago.
In the latest quarter, the Texas-based company recorded a one-time charge of $30 million to extinguish debt and $42.2 million in change in the fair value of warrant liability.
Operating loss expanded to $62.2 million from $34.2 million in the quarter a year ago.
Firefly estimated 2025 full-year revenue to be between $150 million and $158 million.
Sweetgreen dropped 10% to $5.23 after the salad chain reported a wider-than-expected quarterly loss.
Revenue in the third quarter ending on September 25 decreased 0.6% to $172.4 million from $173.4 million, net loss expanded to $36.2 million from $20.8 million, and diluted loss per share expanded to 31 cents from 18 cents a year ago.
Same-store sales continued to shrink as the salad chains' core customers retrenched spending amid the cost of living crisis and avoided high-priced restaurants.
Same-store sales decreased 9.5%, compared to an increase of 5.6% in the prior-year period.
The company said it remained profitable at the restaurant level and earned $22.5 million compared to $34.9 million, but restaurant-level profit margin shrank to 13.1% compared to 20.1% a year ago, respectively.
Japan's Producer Price Inflation Slowed In October, Toyota Plans Additional Investments In U.S. Operations
Akira Ito
13 Nov, 2025
Tokyo
Stock market indexes in Japan advanced amid receding global tensions and ahead of key earnings results.
The Nikkei 225 Stock Average increased 0.5% to 51,277.40, and the broader Topix advanced 0.7% to a record intraday high of 3,380.91.
Global market sentiment improved after the U.S. lawmakers and president signed a bill to reopen the federal government and pass key spending resolutions.
Despite the ending of the 43-day shutdown, investors could be staring at another shutdown in the months ahead, as the current passage funds government programs until the end of January.
For now, investors shifted focus away from tariff tensions and government shutdown to domestic corporate results and macroeconomic data.
Toyota Motor said it plans to invest up to $10 billion in the U.S. over the next five years, as the vehicle maker ramps up production of hybrid cars and lithium-ion batteries for electric vehicles.
Japan’s producer price inflation slowed in October from the previous month, according to the latest data released by the Bank of Japan.
Producer price inflation slowed to an annual rate of 2.7% from the annual rate of 2.8% in September, driven by a sustained increase in food & beverage prices, manufactured goods, and transportation equipment.
However, prices for chemicals, iron and steel, and petroleum and coal products are reflecting lower import costs.
On a monthly basis, prices rose 0.4%, slower than the 0.5% increase in the previous month, and gained for the second consecutive month.
Japan Indexes and Stocks
The Nikkei 225 Stock Average advanced 0.4% to 51,276.60, and the mainland-focused Topix increased 0.6% to 3,379.35.
Toyota Motor Corp. increased 0.2% to ¥3,197.0, Honda Motor Co. Ltd. inched up 0.9% to ¥1,558.0, and Nissan Motor Co. Ltd. advanced 2.7% to ¥373.90.
Nippon Yusen KK fell 1% to ¥4,921.0, Kawasaki Kisen Kaisha Ltd. edged up 0.1% to ¥2,100.0, and Mitsui O.S.K. Lines Ltd. fell 0.7% to ¥4,441.0.
Softbank Group Corp. decreased 4.5% to ¥20,845.0, and the AI-focused company extended its two-week losses to 35% from a record high after the company sold its stake in Nvidia and pared its holding in T-Mobile and sharpened its focus on OpenAI.
Japan's Producer Price Inflation Slowed In October, Toyota Plans Additional Investments In U.S. Operations
Akira Ito
13 Nov, 2025
Tokyo
Stock market indexes in Japan advanced amid receding global tensions and ahead of key earnings results.
The Nikkei 225 Stock Average increased 0.5% to 51,277.40, and the broader Topix advanced 0.7% to a record intraday high of 3,380.91.
Global market sentiment improved after the U.S. lawmakers and president signed a bill to reopen the federal government and pass key spending resolutions.
Despite the ending of the 43-day shutdown, investors could be staring at another shutdown in the months ahead, as the current passage funds government programs until the end of January.
For now, investors shifted focus away from tariff tensions and government shutdown to domestic corporate results and macroeconomic data.
Toyota Motor said it plans to invest up to $10 billion in the U.S. over the next five years, as the vehicle maker ramps up production of hybrid cars and lithium-ion batteries for electric vehicles.
Japan’s producer price inflation slowed in October from the previous month, according to the latest data released by the Bank of Japan.
Producer price inflation slowed to an annual rate of 2.7% from the annual rate of 2.8% in September, driven by a sustained increase in food & beverage prices, manufactured goods, and transportation equipment.
However, prices for chemicals, iron and steel, and petroleum and coal products are reflecting lower import costs.
On a monthly basis, prices rose 0.4%, slower than the 0.5% increase in the previous month, and gained for the second consecutive month.
Japan Indexes and Stocks
The Nikkei 225 Stock Average advanced 0.4% to 51,276.60, and the mainland-focused Topix increased 0.6% to 3,379.35.
Toyota Motor Corp. increased 0.2% to ¥3,197.0, Honda Motor Co. Ltd. inched up 0.9% to ¥1,558.0, and Nissan Motor Co. Ltd. advanced 2.7% to ¥373.90.
Nippon Yusen KK fell 1% to ¥4,921.0, Kawasaki Kisen Kaisha Ltd. edged up 0.1% to ¥2,100.0, and Mitsui O.S.K. Lines Ltd. fell 0.7% to ¥4,441.0.
Softbank Group Corp. decreased 4.5% to ¥20,845.0, and the AI-focused company extended its two-week losses to 35% from a record high after the company sold its stake in Nvidia and pared its holding in T-Mobile and sharpened its focus on OpenAI.
China Indexes Diverged Ahead of Key Economic Data and Quarterly Results
Li Chen
13 Nov, 2025
Hong Kong
Stock market indexes in China and Hong Kong diverged as investors awaited earnings from tech leaders and key macroeconomic data.
The Hang Seng index declined 0.6%, and the CSI 300 index rose 1.0% amid receding global tensions.
The U.S. government reopened after the longest shutdown as lawmakers approved short-term funding and passed several budgetary proposals to finance various government programs.
The 43-day shutdown also clouded the inner workings of the U.S. economy amid a data blackout, hampering rate decisions by policymakers.
Investor sentiment improved as the U.S. federal agencies are set to resume release of long-awaited macroeconomic data, including inflation and employment.
Closer to home, China's statistical bureau is scheduled to release updates on retail sales, fixed-asset investment, and industrial production.
Investors are looking for clues about the consumer spending and the impact of fading effects of front-loading ahead of the steep increase in U.S. tariffs.
China Indexes and Stocks
The Hang Seng Index decreased 0.6% to 26,766.78, and the mainland-focused CSI 300 index advanced 1% to 4,690.71.
JD.com and Tencent Holdings were in focus ahead of the release of their quarterly results later in the evening.
Tencent Holdings decreased 1.1% to HK $649.50, JD.com dropped 2.2% to HK $122.0, and Alibaba Group Holding fell 1.2% to HK $154.90.
China Indexes Diverged Ahead of Key Economic Data and Quarterly Results
Li Chen
13 Nov, 2025
Hong Kong
Stock market indexes in China and Hong Kong diverged as investors awaited earnings from tech leaders and key macroeconomic data.
The Hang Seng index declined 0.6%, and the CSI 300 index rose 1.0% amid receding global tensions.
The U.S. government reopened after the longest shutdown as lawmakers approved short-term funding and passed several budgetary proposals to finance various government programs.
The 43-day shutdown also clouded the inner workings of the U.S. economy amid a data blackout, hampering rate decisions by policymakers.
Investor sentiment improved as the U.S. federal agencies are set to resume release of long-awaited macroeconomic data, including inflation and employment.
Closer to home, China's statistical bureau is scheduled to release updates on retail sales, fixed-asset investment, and industrial production.
Investors are looking for clues about the consumer spending and the impact of fading effects of front-loading ahead of the steep increase in U.S. tariffs.
China Indexes and Stocks
The Hang Seng Index decreased 0.6% to 26,766.78, and the mainland-focused CSI 300 index advanced 1% to 4,690.71.
JD.com and Tencent Holdings were in focus ahead of the release of their quarterly results later in the evening.
Tencent Holdings decreased 1.1% to HK $649.50, JD.com dropped 2.2% to HK $122.0, and Alibaba Group Holding fell 1.2% to HK $154.90.