Market Update
Japan Indexes Eased 1% After a 3-Day Rally Lifted Stocks to Record Highs
Akira Ito
14 Aug, 2025
Tokyo
Benchmark indexes in Japan pulled back after rallying for three consecutive sessions amid profit taking.
The Nikkei 225 Stock Average and the broader Topix declined more than 1%, as investors booked profit after benchmark indexes surged more than 10% this year.
Market sentiment remained positive amid receding global trade tensions and an improving profit outlook for domestic corporations.
Moreover, foreign investors continued to pump new capital into Japanese stocks as they chased returns outside the U.S.
The Nikkei 225 Stock Average and the Topix are hovering at record highs, as investors remain focused on corporate earnings results despite the challenging global macroeconomic outlook.
Investors debated the rate path, and the Bank of Japan is expected to continue its rate-hike campaign amid wage pressures and building inflationary pressures after decades of price declines.
The yen strengthened to 146.24 against the U.S. dollar amid speculation that the U.S. Federal Reserve is more likely to lower rates at the end of the next policy meeting in September.
Japan Indexes and Stocks
The Nikkei 225 Stock Average fell 1.3% to 42,693.77, and the broader Topix decreased 1% to 3,060.14.
SoftBank Group advanced 4.4% to ¥15,530.0, NTT Inc. decreased 0.8% to ¥161.50, and KDDI Corp. fell 1.9% to ¥2,587.50.
Toyota Motor Corp. declined 2.2% to ¥2,813.50, Honda Motor Corp. dropped 1.6% to ¥1,618.0, and Nissan Motor eased 1.4% to ¥327.80.
Kawasaki Kisen Kaisha decreased 0.8% to ¥2,213.0, Nippon Yusen K.K. eased 1.5% to ¥5,246.0, and Mitsui O.S.K. Lines Ltd. fell 0.3% to ¥4,885.0.
China and HK Indexes Hover at Multi-Year Highs; Tencent, CK Infrastructure, and Power Assets In Focus
Li Chen
14 Aug, 2025
Hong Kong
Benchmark indexes in China and Hong Kong traded at multi-year highs amid waning buzz about the U.S. tariffs, and the earnings season picked up pace.
The Hang Seng index decreased a fraction and hovered near a four-year high after Tencent Holdings reported better-than-expected quarterly results.
Earnings remained in focus after Power Assets Holdings and CK Infrastructure Holdings reported higher-than-expected first-half results.
China's annual M1 money supply increased 5.6% in July, indicating improving economic conditions, according to data released by the People's Bank of China.
Market sentiment was cautious ahead of the release of retail sales, fixed-asset investment, and new home prices on Friday.
China Indexes and Stocks
The Hang Seng index decreased 0.1% to 25,597.85, and the CSI 300 index rose 0.5% to 4,199.06.
Tencent Holdings Ltd. increased 1.4% to HK $594.0, and the Internet platform operator reported better-than-expected second-quarter results.
Revenue increased 15% to 184.5 billion yuan, and net income soared 16% to 55.6 billion yuan, or $7.81 billion, from a year ago, respectively.
Video game sales advanced 17% to 40.4 billion yuan, and revenue from fintech and business services increased 10% to 55.5 billion yuan.
China THURSDAY
Li Chen
14 Aug, 2025
Hong Kong
Benchmark indexes in China and Hong Kong traded at multi-year highs amid waning buzz about the U.S. tariffs, and the earnings season picked up pace.
The Hang Seng index decreased a fraction and hovered near a four-year high after Tencent Holdings reported better-than-expected quarterly results.
Earnings remained in focus after Power Assets Holdings and CK Infrastructure Holdings reported higher-than-expected first-half results.
China's annual M1 money supply increased 5.6% in July, indicating improving economic conditions, according to data released by the People's Bank of China.
Market sentiment was cautious ahead of the release of retail sales, fixed-asset investment, and new home prices on Friday.
China Indexes and Stocks
The Hang Seng index decreased 0.1% to 25,597.85, and the CSI 300 index rose 0.5% to 4,199.06.
Tencent Holdings Ltd. increased 1.4% to HK $594.0, and the Internet platform operator reported better-than-expected second-quarter results.
Revenue increased 15% to 184.5 billion yuan, and net income soared 16% to 55.6 billion yuan, or $7.81 billion, from a year ago, respectively.
Video game sales advanced 17% to 40.4 billion yuan, and revenue from fintech and business services increased 10% to 55.5 billion yuan.