Asian stocks were mixed as traders awaited the Federal Reserve's summer conference for indications on inflation control and interest rate hikes, with investors warned of potential surprises.
Summary: U.S. markets closed mixed on Tuesday as the Nasdaq saw slight gains thanks to tech stocks while financials dragged on other indexes after major U.S. banks were hit with another downgrade from a credit rating agency. Meanwhile, China took steps to stabilize its currency amid weakening economic conditions and deteriorating credit conditions.
Asian markets are expected to open strong, supported by a global equity upswing and lower bond yields, although caution remains due to the latest efforts by Beijing to support the Chinese stock market.
Asia-Pacific markets rise as investors anticipate China's August factory activity data, with the country's manufacturing sector expected to contract for the fifth consecutive month, while US stocks gain due to positive economic data and revised GDP growth figures.
Stocks were mixed on Friday after the US unemployment rate unexpectedly rose and more jobs were added to the economy than expected, with the Nasdaq entering negative territory while the S&P 500 and Dow Jones remained positive.
Asian stocks wrapped up a mixed August with robust weekly gains as renewed risk appetite was fueled by actions taken by Beijing to shore up the economy, while China will begin the week assessing the damage from Typhoon Saola.
Asian stocks are expected to open lower as traders focus on China's economic conditions and European shares fail to provide a strong lead, while oil and bond yields remain relatively high.
Asia-Pacific markets were mixed on Thursday as Saudi Arabia and Russia extended voluntary oil production cuts, leading to a rise in oil prices, while Chinese property stocks surged.
Asia-Pacific equity markets finished mixed, with Australia's ASX All Ordinaries and South Korea's KOSPI falling, while Taiwan's TAIEX and Hong Kong's Hang Seng declined slightly; European markets are flat to lower, and U.S. equity futures point to a lower open.
Stocks finished mixed on Wednesday as investors awaited consumer inflation data that could impact the Federal Reserve's future policy decisions. The Dow Jones fell 0.2%, the S&P 500 increased 0.1%, and the Nasdaq Composite climbed 0.3% after a previous decline. The Consumer Price Index showed a higher-than-expected increase in inflation, driven by rising energy prices, which could influence the Fed's decision on interest rates. The market also had its eyes on the Arm IPO and developments involving Apple and China. Meanwhile, the EU launched an investigation into China's subsidies for EV makers.
Asian shares open cautiously as central bank meetings, including the Federal Reserve and Bank of Japan, loom; oil prices near 10-month highs and the US dollar remains strong.
Asian markets open with a decline, primarily driven by chip- and AI-related shares, while concerns about China's economy persist, disrupting the calm ahead of several central bank meetings this week.
Asia-Pacific markets are mixed as investors await inflation data from Singapore, Australia, and Japan, with Japan's inflation data for the Tokyo region seen as a leading indicator of nationwide trends.
Summary: Asian shares were mostly lower on Monday as concerns over China's property sector, the US government shutdown, and the ongoing strike by American autoworkers weighed on investor sentiment, while Tokyo's market advanced and oil prices edged higher.
Asia-Pacific equity markets closed mixed, with Japan's Nikkei and Taiwan's TAIEX rising, while South Korea's KOSPI and China's Shanghai Composite fell; European markets are lower across the board in midday trading, and U.S. equity futures point to a flat to lower open.
Stocks closed mixed on Tuesday as investors worried about higher interest rates, rising bond yields, a spike in oil prices, and the possibility of a government shutdown, though a stronger-than-expected reading on U.S. manufacturing activity provided some positive news. The ongoing autoworkers strike and inflation concerns also weighed on market sentiment, while oil prices continued to rise, benefiting certain energy companies. Despite concerns, historical data suggests that government shutdowns have not had a significant negative impact on stocks in the past.
US stocks traded mixed on Friday, closing out the worst month of 2023, as investors prepared for a potential government shutdown.
Asian shares open higher following Wall Street's lead after dovish comments on rates from Federal Reserve officials, while oil and gold climb on the fallout from Hamas' attack on Israel.
Equity markets in Asia are expected to open higher after US shares extended their winning streak and investors focused on less hawkish comments from Federal Reserve speakers.
Stocks closed mixed on Friday after a consumer-sentiment survey revealed a rise in inflation expectations, but earlier Wall Street had rallied due to strong earnings reports from major banks.
Asian markets are expected to open higher as investors focus on U.S. economic and corporate factors, despite rising geopolitical tensions in the Middle East.
Stock market indexes closed mixed as Nvidia shares were impacted by new U.S. trade restrictions with China, while treasury yields reached 52-week highs.
Stock markets in the US closed mixed on Tuesday, with positive economic data and strong Q3 earnings suggesting a continued tight monetary policy by the Federal Reserve, while Asian markets saw a mix of gains and declines, with Japan's Nikkei 225 and Australia's S&P/ASX 200 closing higher, and China's Shanghai Composite and Shenzhen CSI 300 declining; European markets also saw declines, and commodities such as crude oil, gold, and silver saw gains.
Stocks were mixed on Monday as investors grappled with rising Treasury yields and uncertainties in the market, while awaiting earnings reports from Big Tech companies.
Most Asian stocks continue to decline due to weak business activity in Japan and Australia, although Chinese markets rebounded as a state-run fund started buying equities; sentiment remains weak due to concerns over the Israel-Hamas war.
Asian equities are expected to have a mixed open following solid earnings from big tech stocks on Wall Street, with US share futures advancing and the Nasdaq 100 gaining in the Asian session after falling on Thursday.
Asian stocks were mixed as U.S. shares slumped due to poor corporate earnings, with Australian, South Korean, and Japanese shares falling while equity futures in China and Hong Kong rose; Indian benchmark stock indices declined and uncertainty from the Israel-Hamas conflict weighed on markets.
