Market Update
Japan WEDNESDAY
Akira Ito
24 Dec, 2025
Tokyo
Japan's market indexes struggled to rebound from the previous session's close, as the domestic government inched closer to finalizing its upcoming fiscal year's budget.
The Nikkei 225 Stock Average and the broader Topix traded around the flatline amid improving confidence as the year-end approached.
Market sentiment recovered following a rise in overnight trading in New York after the preliminary estimate of the U.S. economic growth in the third quarter surpassed expectations.
GDP in the third quarter expanded at an annual pace of 4.3%, accelerating from 3.8% in the second quarter, according to a Commerce Department report released Tuesday.
The increase in economic activities was mainly driven by a 3.5% rise in consumer spending from 2.5% and exports expanding 8.8% from -1.8% in the second quarter, respectively.
Government spending recovered to an increase of 2.2% from a decline of 0.1% in the previous quarter, driven by the persistent rise in defense spending as well as buyouts for federal workers.
However, fourth-quarter GDP growth is likely to be sharply lower because of a 43-day federal government shutdown.
Tuesday's report is likely to give the Federal Reserve fewer reasons to raise rates after the next policy in late January.
The yield on 10-year Japanese government bonds hovered above 2%, and the Japanese yen weakened to 155.86 against the U.S. dollar.
Japan Indexes and Stocks
The Nikkei 225 Stock Average edged up 0.03% to 50,429.56, and the broader Topix eased 0.4% to 3,410.57.
Japan Post Bank rose 0.1% to ¥2,127.50, Daiichi Sankyo edged up 0.2% to ¥3,338.0, and Nomura Holdings decreased 0.3% to ¥1,293.50.
Seven & I Holdings gained 0.1% to ¥2,235.50, Fast Retailing decreased 0.6% to ¥56,630.0, and Takashimaya Co. Ltd fell 0.1% to ¥1,632.0.
China Stocks Advanced Ahead of Christmas Break, Gold Scaled New Record High
Li Chen
24 Dec, 2025
Hong Kong
Stocks in China and Hong Kong advanced for the third consecutive session, and investors debated the earnings growth outlook in the year ahead.
The Hang Seng Index and the mainland-focused CSI 300 Index hovered near the flatline in thin trading as investors remained optimistic about the earnings growth outlook.
The Hong Kong Stock Exchange closed after the first session today and will remain closed on Thursday and Friday in celebration of the Christmas holiday.
Gold surpassed $4,500 an ounce in intraday trading as investors continued to accumulate yellow metal amid worries about rising U.S. federal government debt and major central banks replacing holdings of U.S. Treasury notes with the precious metal.
Stock market indexes in Tokyo, Seoul, and Mumbai edged higher, reflecting gains in overnight trading in New York.
China Indexes and Stocks
The Hang Seng Index increased 0.1% to 25,790.55, and the CSI 300 index inched higher 0.1% to 4,615.39.
Artificial intelligence-linked stocks dominated trading in Hong Kong and Shanghai, and investors held out for higher earnings amid rising demands.
Baidu Inc. decreased 0.2% to HK $119.60, SMIC gained 3.3% to HK $71.15, Alibaba Group Holding declined 0.8% to HK $145.90, and Tencent Holdings Ltd. was unchanged at HK $602.0.
Techtronic Industries edged up 0.1% to HK $91.80, Li Ning Co. Ltd eased 1.1% to HK $19.04, and Anta Sports Products Ltd. decreased 0.7% to HK $81.65.
The IPO parade continued for the third session in a row, and one stock was listed on the Shanghai Stock Exchange today.
Ningbo Jansen Superconducting Technologies soared 255% to 66.21 yuan in Shanghai trading.
China Stocks Advanced Ahead of Christmas Break, Gold Scaled New Record High
Li Chen
24 Dec, 2025
Hong Kong
Stocks in China and Hong Kong advanced for the third consecutive session, and investors debated the earnings growth outlook in the year ahead.
The Hang Seng Index and the mainland-focused CSI 300 Index hovered near the flatline in thin trading as investors remained optimistic about the earnings growth outlook.
The Hong Kong Stock Exchange closed after the first session today and will remain closed on Thursday and Friday in celebration of the Christmas holiday.
Gold surpassed $4,500 an ounce in intraday trading as investors continued to accumulate yellow metal amid worries about rising U.S. federal government debt and major central banks replacing holdings of U.S. Treasury notes with the precious metal.
Stock market indexes in Tokyo, Seoul, and Mumbai edged higher, reflecting gains in overnight trading in New York.
China Indexes and Stocks
The Hang Seng Index increased 0.1% to 25,790.55, and the CSI 300 index inched higher 0.1% to 4,615.39.
Artificial intelligence-linked stocks dominated trading in Hong Kong and Shanghai, and investors held out for higher earnings amid rising demands.
Baidu Inc. decreased 0.2% to HK $119.60, SMIC gained 3.3% to HK $71.15, Alibaba Group Holding declined 0.8% to HK $145.90, and Tencent Holdings Ltd. was unchanged at HK $602.0.
Techtronic Industries edged up 0.1% to HK $91.80, Li Ning Co. Ltd eased 1.1% to HK $19.04, and Anta Sports Products Ltd. decreased 0.7% to HK $81.65.
The IPO parade continued for the third session in a row, and one stock was listed on the Shanghai Stock Exchange today.
Ningbo Jansen Superconducting Technologies soared 255% to 66.21 yuan in Shanghai trading.
Japan's Bond Yields Hovered Near 3-Decade Highs and Yen Traded at 1-Year Low
Akira Ito
23 Dec, 2025
Tokyo
Japan's stock market indexes advanced for the third consecutive session in the early morning but hovered near the flatline, and bond yields pulled back.
The Nikkei 225 Stock Average and the broader Topix struggled to hold onto morning gains in the final hours of the trading session.
The yield on 10-year Japanese government bonds edged lower for the second consecutive session after reaching a high of 2.1%.
Investors prepared for higher yields after the Bank of Japan lifted its benchmark rate by 25 basis points to 0.75%, a three-decade high.
The bond yields pushed higher as the Prime Minister Sanae Takaichi's administration prepares to increase government spending in the next fiscal year starting in April.
Japan's government spending in the upcoming fiscal year is likely to exceed last year's budget of 122 trillion yen, or $780 billion, and bond offerings are likely to surpass 28.6 trillion yen, or $184 billion.
The yen hovered near 156.04 against the U.S. dollar despite the Bank of Japan revising its benchmark rates higher last Friday.
Japan Indexes and Stocks
The Nikkei 225 Stock Average decreased 0.1% to 50,304.99, and the broader Topix inched higher 0.2% to 3,414.16.
Softbank Group decreased 0.7% to ¥17,685. 0, Tokyo Electron fell 0.5% to ¥33,000. 0. Advantest Corp. declined 1.9% to ¥19,680.0.
Japan's Bond Yields Hovered Near 3-Decade Highs and Yen Traded at 1-Year Low
Akira Ito
23 Dec, 2025
Tokyo
Japan's stock market indexes advanced for the third consecutive session in the early morning but hovered near the flatline, and bond yields pulled back.
The Nikkei 225 Stock Average and the broader Topix struggled to hold onto morning gains in the final hours of the trading session.
The yield on 10-year Japanese government bonds edged lower for the second consecutive session after reaching a high of 2.1%.
Investors prepared for higher yields after the Bank of Japan lifted its benchmark rate by 25 basis points to 0.75%, a three-decade high.
The bond yields pushed higher as the Prime Minister Sanae Takaichi's administration prepares to increase government spending in the next fiscal year starting in April.
Japan's government spending in the upcoming fiscal year is likely to exceed last year's budget of 122 trillion yen, or $780 billion, and bond offerings are likely to surpass 28.6 trillion yen, or $184 billion.
The yen hovered near 156.04 against the U.S. dollar despite the Bank of Japan revising its benchmark rates higher last Friday.
Japan Indexes and Stocks
The Nikkei 225 Stock Average decreased 0.1% to 50,304.99, and the broader Topix inched higher 0.2% to 3,414.16.
Softbank Group decreased 0.7% to ¥17,685. 0, Tokyo Electron fell 0.5% to ¥33,000. 0. Advantest Corp. declined 1.9% to ¥19,680.0.
China Indexes Extended 2025 Gains, Six IPOs Advanced In Trading
Li Chen
23 Dec, 2025
Hong Kong
Investors bid up stocks in hopes that market indexes will continue to advance in the new year.
The Hang Seng Index advanced 0.3%, and the mainland-focused CSI 300 Index edged up 0.3% in thin trading volume dominated by technology stocks and new issues.
Optimism ruled for the second consecutive week amid improving market sentiment and hopes of higher earnings growth in the next year.
Despite the market optimism, the broader economy is facing slowing export momentum, persistent residential market weakness, and elevated jobless rates.
Moreover, retail sales, when adjusted for inflation, are struggling to advance as consumers retrench to basics amid rising economic uncertainties.
China's GDP growth in 2026 is likely to slow to closer to 4%, as more businesses shift production to overseas locations and government spending growth stabilizes.
China Indexes and Stocks
The Hang Seng Index added 0.3% to 25,878.73, and the mainland-focused CSI 300 index edged up 0.3% to 4,635.13.
Three mainland-China-based companies began trading on the Hong Kong Stock Exchange, following four new issues on Monday.
QingSong Health jumped 136% to HK $54.90, and the company priced its initial public offering at HK $22.68 per share.
The digital healthcare and insurance services-related platform operator raised HK$601.9 million in gross proceeds through the sale of 26.5 million shares.
Nuobikan Artificial Intelligence Technology Chengdu soared more than 340% to HK $351, and the technology company priced its initial public offering at HK $80.0 per share.
The railway and power grid industry-focused company raised HK $302.9 million through the sale of 3.8 million shares.
HanX Biopharmaceuticals dropped more than 40% to HK $18.26, and the company priced its initial public offering at HK $32.0 per share.
The oncology therapeutics-focused company raised HK $586.3 million through the sale of 18.3 million shares.
On the mainland, Jiangsu Xihua New Energy Technology soared 150% to 24.91 yuan in Shanghai, RNBC New Energy jumped 210% to 71.20 yuan and Shenzhen Tiansu Calibration & Testing gained 115% to 79.37 yuan in Shenzhen.
China Vanke declined 2% to HK $3.47 after creditors agreed to extend its bond interest payment until the end of January but rejected the proposal to extend principal payment.
China Indexes Extended 2025 Gains, Six IPOs Scaled Advanced In Trading
Li Chen
23 Dec, 2025
Hong Kong
Investors bid up stocks in hopes that market indexes will continue to advance in the new year.
The Hang Seng Index advanced 0.3%, and the mainland-focused CSI 300 Index edged up 0.3% in thin trading volume dominated by technology stocks and new issues.
Optimism ruled for the second consecutive week amid improving market sentiment and hopes of higher earnings growth in the next year.
Despite the market optimism, the broader economy is facing slowing export momentum, persistent residential market weakness, and elevated jobless rates.
Moreover, retail sales, when adjusted for inflation, are struggling to advance as consumers retrench to basics amid rising economic uncertainties.
China's GDP growth in 2026 is likely to slow to closer to 4%, as more businesses shift production to overseas locations and government spending growth stabilizes.
China Indexes and Stocks
The Hang Seng Index added 0.3% to 25,878.73, and the mainland-focused CSI 300 index edged up 0.3% to 4,635.13.
Three mainland-China-based companies began trading on the Hong Kong Stock Exchange, following four new issues on Monday.
QingSong Health jumped 136% to HK $54.90, and the company priced its initial public offering at HK $22.68 per share.
The digital healthcare and insurance services-related platform operator raised HK$601.9 million in gross proceeds through the sale of 26.5 million shares.
Nuobikan Artificial Intelligence Technology Chengdu soared more than 340% to HK $351, and the technology company priced its initial public offering at HK $80.0 per share.
The railway and power grid industry-focused company raised HK $302.9 million through the sale of 3.8 million shares.
HanX Biopharmaceuticals dropped more than 40% to HK $18.26, and the company priced its initial public offering at HK $32.0 per share.
The oncology therapeutics-focused company raised HK $586.3 million through the sale of 18.3 million shares.
On the mainland, Jiangsu Xihua New Energy Technology soared 150% to 24.91 yuan in Shanghai, RNBC New Energy jumped 210% to 71.20 yuan and Shenzhen Tiansu Calibration & Testing gained 115% to 79.37 yuan in Shenzhen.
China Vanke declined 2% to HK $3.47 after creditors agreed to extend its bond interest payment until the end of January but rejected the proposal to extend principal payment.
AI Stocks and Gold and Silver Power Ahead as Year's End Approaches
Barry Adams
22 Dec, 2025
New York City
U.S. stocks edged higher at the start of the holiday-shortened week as artificial intelligence-linked stocks rebounded last week.
The S&P 500 index edged up 0.1%, the Nasdaq Composite increased 0.2%, and gold and silver inched further into record territory.
Investors are hoping that the so-called Magnificent 7 will retain leadership as the year-end approaches and relatively cheaper sectors of the market remain in favor.
On the economic front, the uneven U.S. hirings in October and November confirmed the ongoing pattern over the last seven months, as businesses of all sizes struggle with macroeconomic uncertainty.
The U.S. economy added 64,000 net new jobs in November, and payrolls shrank by 105,000 in October, the U.S. Bureau of Labor Statistics said on Tuesday.
However, skeptical investors questioned the reliability of the jobs data amid low survey participation, and economists signaled sharp downward revisions in the near future.
The payroll data, when viewed in a broader context, reveals a significantly weaker job market than the monthly data indicates.
The so-called K-shaped economy has also put investors on alert amid a brewing affordability crisis as goods prices continue to rise and wages lag overall inflation.
Global markets are likely to lack direction as investors prepare for the year-end and the U.S. federal government closes for extra Christmas holidays between December 24 and 26.
Despite the stock market indexes hovering near record highs, gold and silver rebounded after two weeks of sideways trading.
The governments of the U.S., UK, France, Germany, Japan, and China have accumulated outsized debts, and the debt levels are expected to continue to rise in 2026.
Moreover, central banks of China and Japan and a select few European Union nations are actively lowering their U.S. Treasury holdings and increasing exposure to gold.
This week investors are awaiting the release of delayed economic reports on durable goods orders, industrial output, and the second estimate of the third-quarter GDP.
The New York Stock Exchange will close early at 1:00 p.m. ET on Christmas Eve, while market operations will be suspended Thursday for Christmas Day and reopen regular trading hours on Monday, December 29.
AI Stocks and Gold and Silver Power Ahead as Year's End Approaches
Barry Adams
22 Dec, 2025
New York City
U.S. stocks edged higher at the start of the holiday-shortened week as artificial intelligence-linked stocks rebounded last week.
The S&P 500 index edged up 0.1%, the Nasdaq Composite increased 0.2%, and gold and silver inched further into record territory.
Investors are hoping that the so-called Magnificent 7 will retain leadership as the year-end approaches and relatively cheaper sectors of the market remain in favor.
On the economic front, the uneven U.S. hirings in October and November confirmed the ongoing pattern over the last seven months, as businesses of all sizes struggle with macroeconomic uncertainty.
The U.S. economy added 64,000 net new jobs in November, and payrolls shrank by 105,000 in October, the U.S. Bureau of Labor Statistics said on Tuesday.
However, skeptical investors questioned the reliability of the jobs data amid low survey participation, and economists signaled sharp downward revisions in the near future.
The payroll data, when viewed in a broader context, reveals a significantly weaker job market than the monthly data indicates.
The so-called K-shaped economy has also put investors on alert amid a brewing affordability crisis as goods prices continue to rise and wages lag overall inflation.
Global markets are likely to lack direction as investors prepare for the year-end and the U.S. federal government closes for extra Christmas holidays between December 24 and 26.
Despite the stock market indexes hovering near record highs, gold and silver rebounded after two weeks of sideways trading.
The governments of the U.S., UK, France, Germany, Japan, and China have accumulated outsized debts, and the debt levels are expected to continue to rise in 2026.
Moreover, central banks of China and Japan and a select few European Union nations are actively lowering their U.S. Treasury holdings and increasing exposure to gold.
This week investors are awaiting the release of delayed economic reports on durable goods orders, industrial output, and the second estimate of the third-quarter GDP.
The New York Stock Exchange will close early at 1:00 p.m. ET on Christmas Eve, while market operations will be suspended Thursday for Christmas Day and reopen regular trading hours on Monday, December 29.
Japan's Nikkei 225 Soared 2% Tracking Friday's Wall Street Gains
Akira Ito
22 Dec, 2025
Tokyo
Stocks in Japan advanced on Monday, tracking gains from Friday's trading on Wall Street.
The Nikkei 225 Stock Average advanced 1.9%, the broader Topix increased 0.7%, and the yen traded at 157.24 against the U.S. dollar.
Japan's stock market indexes advanced following the easing of worries about the AI boom slowing down.
On the economic front, this week investors are awaiting Tokyo's inflation, minutes from the Bank of Japan's October policy meeting, and Japan's industrial production, retail sales, and jobless rate.
Global markets are likely to lack direction as investors prepare for the year-end and the U.S. federal government closes for extra Christmas holidays between December 24 and 26.
Japan Indexes and Stocks
The Nikkei 225 Stock Average rose 1.9% to 50,459.74, and the broader Topix rose 0.7% to 3,408.30.
Tokyo Electron rose 6.3% to ¥33,150.0, Advantest Corp. advanced 4% to ¥20,005.0, and Lasertec advanced 6% to ¥30,110.0.
Toyota Motor Corp. advanced 0.8% to ¥3,450.0, Honda Motor gained 1.8% to ¥1,585.50, and Nissan Motor Co. Ltd. increased ¥401.10.
Japan's Nikkei 225 Soared 2% Tracking Friday's Wall Street Gains
Akira Ito
22 Dec, 2025
Tokyo
Stocks in Japan advanced on Monday, tracking gains from Friday's trading on Wall Street.
The Nikkei 225 Stock Average advanced 1.9%, the broader Topix increased 0.7%, and the yen traded at 157.24 against the U.S. dollar.
Japan's stock market indexes advanced following the easing of worries about the AI boom slowing down.
On the economic front, this week investors are awaiting Tokyo's inflation, minutes from the Bank of Japan's October policy meeting, and Japan's industrial production, retail sales, and jobless rate.
Global markets are likely to lack direction as investors prepare for the year-end and the U.S. federal government closes for extra Christmas holidays between December 24 and 26.
Japan Indexes and Stocks
The Nikkei 225 Stock Average rose 1.9% to 50,459.74, and the broader Topix rose 0.7% to 3,408.30.
Tokyo Electron rose 6.3% to ¥33,150.0, Advantest Corp. advanced 4% to ¥20,005.0, and Lasertec advanced 6% to ¥30,110.0.
Toyota Motor Corp. advanced 0.8% to ¥3,450.0, Honda Motor gained 1.8% to ¥1,585.50, and Nissan Motor Co. Ltd. increased ¥401.10.
China Indexes Advanced Ahead of Holiday Break, Four New Listings Plunged
Li Chen
22 Dec, 2025
Hong Kong
Stocks advanced on Monday in China and Hong Kong at the start of the holiday-shortened week.
The Hang Seng Index increased 0.3%, and the mainland-focused CSI 300 index advanced 0.8% as investors adjusted positions as the year-end approached.
The Hong Kong Stock Exchange will close early on December 24, while market operations will be suspended on December 25 and 26 and reopen regular trading hours on December 29.
The Stock Connect, the electronic link that facilitates traders in mainland China to purchase stocks in Hong Kong, will also halt its trading in the early afternoon on December 24 and reopen on December 29.
Optimism prevailed in Monday's trading as investors held out for a strong finish in 2025, driven by expectations of higher earnings.
Across Asia, benchmark indexes advanced nearly 2% in Tokyo and Seoul, edged higher 1% in Sydney, and gained a fraction in Taiwan and Malaysia.
China Stocks and Movers
The Hang Seng Index increased 0.3% to 25,768.64, and the mainland-focused CSI 300 index added 0.8% to 4,604.43.
E-commerce and AI-linked stocks dominated market gainers on Monday.
Alibaba Group advanced 1.1%, Tencent Holdings edged up 0.1%, Baidu Inc. jumped 2%, and Meituan inched higher 0.2%.
On the downside, ZTO Express, Xiaomi, and NetEase declined between 1% and 2%.
Four new companies listed on the Hong Kong Stock Exchange on Monday, as companies raced to complete initial public offerings ahead of the year's end.
BenQ BM Holding dropped nearly 40% to HK $5.75, and the general hospital group priced its initial public offering at HK $9.34 per share.
The company raised HK$625.8 million in gross proceeds through the sale of 67 million shares.
B&K Corporation Ltd. dropped 7% to HK $35.40, and the biopharma company priced its offering at HK $38.20 per share.
The protein therapy-focused company raised gross proceeds of HK $674.2 million through the sale of 17.6 million shares.
Impression Dahongpao plunged more than 25% to HK $2.70, and the cultural tourism-focused company priced its initial offering at HK $3.60 per share.
The cultural tourism services provider and hotel management company raised gross proceeds of HK $129.96 million through the sale of 36.1 million shares.
Nanhua Futures decreased 19% to HK $9.50, and the company priced its initial public offering at HK $12.0 per share.
The futures brokerage company raised gross proceeds of HK $1.3 billion through the sale of 107.6 million shares.
China Indexes Advanced Ahead of Holiday Break, Four New Listings Plunged
Li Chen
22 Dec, 2025
Hong Kong
Stocks advanced on Monday in China and Hong Kong at the start of the holiday-shortened week.
The Hang Seng Index increased 0.3%, and the mainland-focused CSI 300 index advanced 0.8% as investors adjusted positions as the year-end approached.
The Hong Kong Stock Exchange will close early on December 24, while market operations will be suspended on December 25 and 26 and reopen regular trading hours on December 29.
The Stock Connect, the electronic link that facilitates traders in mainland China to purchase stocks in Hong Kong, will also halt its trading in the early afternoon on December 24 and reopen on December 29.
Optimism prevailed in Monday's trading as investors held out for a strong finish in 2025, driven by expectations of higher earnings.
Across Asia, benchmark indexes advanced nearly 2% in Tokyo and Seoul, edged higher 1% in Sydney, and gained a fraction in Taiwan and Malaysia.
China Stocks and Movers
The Hang Seng Index increased 0.3% to 25,768.64, and the mainland-focused CSI 300 index added 0.8% to 4,604.43.
E-commerce and AI-linked stocks dominated market gainers on Monday.
Alibaba Group advanced 1.1%, Tencent Holdings edged up 0.1%, Baidu Inc. jumped 2%, and Meituan inched higher 0.2%.
On the downside, ZTO Express, Xiaomi, and NetEase declined between 1% and 2%.
Four new companies listed on the Hong Kong Stock Exchange on Monday, as companies raced to complete initial public offerings ahead of the year's end.
BenQ BM Holding dropped nearly 40% to HK $5.75, and the general hospital group priced its initial public offering at HK $9.34 per share.
The company raised HK$625.8 million in gross proceeds through the sale of 67 million shares.
B&K Corporation Ltd. dropped 7% to HK $35.40, and the biopharma company priced its offering at HK $38.20 per share.
The protein therapy-focused company raised gross proceeds of HK $674.2 million through the sale of 17.6 million shares.
Impression Dahongpao plunged more than 25% to HK $2.70, and the cultural tourism-focused company priced its initial offering at HK $3.60 per share.
The cultural tourism services provider and hotel management company raised gross proceeds of HK $129.96 million through the sale of 36.1 million shares.
Nanhua Futures decreased 19% to HK $9.50, and the company priced its initial public offering at HK $12.0 per share.
The futures brokerage company raised gross proceeds of HK $1.3 billion through the sale of 107.6 million shares.
U.S. Movers: FedEx, Nike
Scott Peters
19 Dec, 2025
New York City
Nike Inc. dropped 10.5% to $58.75 despite the athletic shoemaker's quarterly results surpassing market expectations, but sales weakness in China and U.S. tariff-driven hits to overall margins pressured the stock.
Revenue in the fiscal second quarter ending in November increased 1% to $12.4 billion from $12.35 billion, net income plunged 32% to $792 million from $1.2 billion, and diluted earnings per share dropped to 53 cents from 78 cents a year ago.
Nike said gross margin decreased 300 basis points to 40.6% and inventories declined 3% to $7.7 billion, primarily due to higher tariffs in the U.S.
The increase in North America sales by 9% to $5.6 billion from $5.2 billion was offset by a 17% plunge in Greater China sales to $1.4 billion from $1.7 billion a year ago.
FedEx Corp. decreased 2.2% to $281.0, and the parcel delivery company's fiscal second-quarter results topped market expectations.
Revenue in the fiscal second quarter of 2026 ending in November increased 7% to $23.5 billion from $22.0 billion, net income increased 29% to $956 million from $741 million, and diluted earnings per share jumped 33% to $4.04 from $3.03 a year ago.
FedEx confirmed it is on track to change its fiscal year-end to December 31 from May 31, effective June 1, 2026.
The company revised its fiscal 2026 revenue growth outlook to range between 5% and 6% from the previous range between 4% and 6%.
FedEx revised its diluted earnings per share range to between $14.60 and $16.0 from the previous estimated range between $14.20 and $16.0, before retirement plan accounting adjustments.
The Memphis, Tennessee-based company lowered its pension contributions estimate to $275 million, compared to the prior forecast of up to $400 million. The company reiterated its capital expenditure estimate of $4.5 billion in the current fiscal year.
U.S. Movers: FedEx, Nike
Scott Peters
19 Dec, 2025
New York City
Nike Inc. dropped 10.5% to $58.75 despite the athletic shoemaker's quarterly results surpassing market expectations, but sales weakness in China and U.S. tariff-driven hits to overall margins pressured the stock.
Revenue in the fiscal second quarter ending in November increased 1% to $12.4 billion from $12.35 billion, net income plunged 32% to $792 million from $1.2 billion, and diluted earnings per share dropped to 53 cents from 78 cents a year ago.
Nike said gross margin decreased 300 basis points to 40.6% and inventories declined 3% to $7.7 billion, primarily due to higher tariffs in the U.S.
The increase in North America sales by 9% to $5.6 billion from $5.2 billion was offset by a 17% plunge in Greater China sales to $1.4 billion from $1.7 billion a year ago.
FedEx Corp. decreased 2.2% to $281.0, and the parcel delivery company's fiscal second-quarter results topped market expectations.
Revenue in the fiscal second quarter of 2026 ending in November increased 7% to $23.5 billion from $22.0 billion, net income increased 29% to $956 million from $741 million, and diluted earnings per share jumped 33% to $4.04 from $3.03 a year ago.
FedEx confirmed it is on track to change its fiscal year-end to December 31 from May 31, effective June 1, 2026.
The company revised its fiscal 2026 revenue growth outlook to range between 5% and 6% from the previous range between 4% and 6%.
FedEx revised its diluted earnings per share range to between $14.60 and $16.0 from the previous estimated range between $14.20 and $16.0, before retirement plan accounting adjustments.
The Memphis, Tennessee-based company lowered its pension contributions estimate to $275 million, compared to the prior forecast of up to $400 million. The company reiterated its capital expenditure estimate of $4.5 billion in the current fiscal year.