Asian Stocks Rally, Hang Seng Surges More Than 2 Percent

RTTNews | 928 dias atrás

(RTTNews) - Asian markets gained amidst optimism over demand boost from China's reopening and expectations that the Federal Reserve would pursue a softer monetary policy regime. Markets in China and Australia are closed for a holiday. Hang Seng added more than 2 percent in the day's trade.

The Japanese benchmark Nikkei 225 shed 32 points or 0.12 percent to end trading at 27,362.75 amidst sentiment concerning global economic growth. The Summary of Opinions from Bank of Japan's January meeting revealed participants debating about inflation outlook as well as the need to keep monetary policy accommodative. The day's trading range was between 27,284.08 and 27,502.15.

Dai Nippon Printing Co surged 4.3 percent and was the top gainer. Taiheiyo Cement Corp and Sumitomo Osaka Cement Co, both rallied more than 3 percent. Tokyu Fudosan and Nippon Sheet Glass Co, both added more than 2 percent.

Kawasaki Kisen Kaisha Tokyo Electron was the biggest loser with an overnight decline of 4.11 percent. Mitsui O.S.K. Lines shed more than 3 percent. Nippon Yusen K.K., Advantest Corp and Taiyo Yuden also lost more than 2 percent.

The Hang Seng Index of the Hong Kong Stock Exchange added 522 points or 2.37 percent from the previous close to finish trading at 22,566.78. The day's trading range was between a high of 22,566.78 and a low of 22,329.07.

Korean Stock Exchange's Kospi Index gained 40 points or 1.60 percent to close trading at 2,468.65. The day's trading range was between 2,426.40 and 2,468.65.

The NZX 50 of the New Zealand Stock Exchange added 29 points or 0.24 percent to close at 12,023.46. Trading ranged between 11,968.82 and 12,039.58.

Software business Serko that rallied 6.6 percent is the best performer on the Index. Arvida Group that owns and operates retirement villages and care facilities for the elderly gained 3.51 percent. Healthcare business Pacific Edge also rallied more than 3 percent.

Aquaculture farming business Sanford was the biggest laggard with a 3.3 percent overnight decline. Real estate businesses Goodman Property Trust, Property for Industry and Precinct Properties as well as healthcare business EBOS Group declined more than 1 percent.

Mixed sentiment had prevailed in Wall Street on Wednesday ahead of key U.S. data releases viz the GDP readings on Thursday as well as the PCE -based inflation readings on Friday. The Nasdaq Composite shed 0.18 percent to close at 11,313.36 and the Dow Jones Industrial Average edged up 0.03 percent to finish trading at 33,743.84.

Japanese Market Sharply Higher; Up 2%

The Japanese stock market is trading sharply higher on Tuesday, extending the gains in the previous five sessions, despite the broadly negative cues from Wall Street overnight, with the Nikkei 225 surging over 2 percent near the 42,700 level to record all-time highs, with gains across all sectors led by index heavyweights, technology and financial stocks.

RTTNews | 21 minutos atrás

Indonesia Stock Market May Be Stuck In Neutral On Tuesday

The Indonesia stock market has tracked higher in back-to-back sessions, improving more than 115 points or 15 percent along the way. The Jakarta Composite Index now sits just above the 7,600-point plateau although it's expected to open in the red on Tuesday. The global forecast for the Asian markets is soft ahead of key U.S. inflation data. The European markets were mixed and the U.S. bourses were down and the Asian markets also figure to track into the red.

RTTNews | 29 minutos atrás

Renewed Consolidation Likely For Hong Kong Stock Market

The Hong Kong stock market moved higher again on Monday, one session after snapping the four-day winning streak in which it had rallied more than 570 points or 2.4 percent. The Hang Seng Index now rests just above the 24,900-point plateau although it may hand back those gains on Tuesday. The global forecast for the Asian markets is soft ahead of key U.S. inflation data. The European markets were mixed and the U.S. bourses were down and the Asian markets also figure to track into the red.

RTTNews | 44 minutos atrás

Australian Market Modestly Higher

The Australian stock market is trading modestly higher on Tuesday after opening in the red, extending the gains in the previous session, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,850 level to fresh all-time high, with gains in financial and energy stocks and a mixed performance in mining and technology stocks.

RTTNews | 51 minutos atrás

China Stock Market May Hand Back Monday's Gains

The China stock market bounced higher again on Monday, one session after halting the four-day winning streak in which it had gathered almost 80 points or 2.4 percent. The Shanghai Composite Index now sits just beneath the 3,650-point plateau although it's likely to head south again on Tuesday. The global forecast for the Asian markets is soft ahead of key U.S. inflation data. The European markets were mixed and the U.S. bourses were down and the Asian markets also figure to track into the red.

RTTNews | 59 minutos atrás

Taiwan Shares May Run Out Of Steam On Tuesday

The Taiwan stock market has moved higher in three straight sessions, rallying more than 685 points or 2.9 percent along the way. The Taiwan Stock Exchange now sits just above the 24,135-point plateau although it may be stuck in neutral on Tuesday. The global forecast for the Asian markets is soft ahead of key U.S. inflation data. The European markets were mixed and the U.S. bourses were down and the Asian markets also figure to track into the red.

RTTNews | 1 h 29 min atrás

Singapore Q2 GDP Climbs 4.4% On Year

Singapore's gross domestic product expanded 4.4 percent on year in the second quarter of 2025, the Ministry of Trade and Industry said on Tuesday - beating forecasts for 4.3 percent, which would have been unchanged.

RTTNews | 1 h 36 min atrás

Singapore Bourse May Give Up Support At 4,200 Points

The Singapore stock market has finished lower in two straight sessions, slipping more than 25 points or 0.6 percent along the way. The Straits Times Index now sits just above the 4,230-point plateau and it may extend its losses on Tuesday. The global forecast for the Asian markets is soft ahead of key U.S. inflation data. The European markets were mixed and the U.S. bourses were down and the Asian markets also figure to track into the red.

RTTNews | 1 h 59 min atrás

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