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Nikkei Asia
3 days ago
- Business
- Nikkei Asia
China stocks climb on higher dividends, led by bank shares
Major Chinese banks are posting dividend yields of 4% to 5%, far above the average for CSI 300 companies as a whole. (Photo by Akira Kodaka) TOSHIHIRO SATO SHANGHAI -- Chinese stocks hit the highest level in three and a half years on Monday, lifted by anticipation of increased dividends and speculation about new measures to end a real estate downturn. The Shanghai Stock Exchange Composite Index rose for a third consecutive trading day to close at 3,519.65.
Time of India
19-06-2025
- Business
- Time of India
Asian stocks slip as Fed flags inflation risks, Donald Trump mulls Iran Strike
Representative image (AP) Asian markets dropped on Thursday amid heightened geopolitical tensions and fresh warnings from the US Federal Reserve about rising inflation linked to US President Donald Trump's escalating trade war. Investor sentiment was also rattled by uncertainty over whether the US would join Israel's ongoing airstrikes against Iran. Hong Kong's Hang Seng Index fell more than 1 per cent, Tokyo's Nikkei shed 0.7 per cent, and Shanghai's Composite Index lost 0.3 per cent in early trade. Other markets across Asia, including Sydney, Seoul, Singapore, and Jakarta, also opened in the red. The declines followed the Federal Reserve's decision to keep interest rates unchanged for a fourth consecutive time. While Fed Chair Jerome Powell acknowledged the US economy remained 'solid,' he warned that 'increases in tariffs this year are likely to push up prices and weigh on economic activity.' In its updated projections, the Fed revised its growth outlook downwards while raising expectations for inflation and unemployment. 'Ultimately, the cost of the tariff has to be paid and some of it will fall on the end consumer,' Powell said, adding that the bank would 'wait to learn more' before making further moves. Meanwhile, Trump again lashed out at the central bank ahead of the rate decision, saying, 'We have a stupid person, frankly, at the Fed,' and questioned whether he could appoint himself to lead the institution. Speaking at the White House, he insisted, 'We have no inflation, we have only success.' According to news agency Reuters, the yen and gold, traditional safe havens, saw gains as market participants grew wary over Trump's ambiguous stance on military action. 'I may do it. I may not do it,' Trump said when asked whether the US would join Israeli strikes on Iranian nuclear facilities. According to the Wall Street Journal , Trump had approved military plans but was waiting to see if Iran might back off its nuclear ambitions. In response, gold rose 0.3 per cent to $3,378 per ounce, and the yen appreciated 0.2 per cent to 144.92 against the dollar. The US dollar itself also gained, with the euro dipping to $1.1455, and sterling down to $1.3396. Oil prices edged slightly lower despite volatile trading. Brent crude fell 0.4 per cent to $76.40 a barrel, while West Texas Intermediate also dropped 0.4 per cent to $74.86. Still, prices remain close to multi-month highs due to fears that Iran could disrupt shipments through the Strait of Hormuz, a vital corridor for global oil supply. 'We don't see it as a likely scenario at this time,' said Mike Sommers of the American Petroleum Institute to Bloomberg, 'but everybody should be watching. ' According to JP Morgan Asset Management's Tai Hui, the Fed's outlook matches current data but ongoing uncertainty over trade and US foreign policy will continue to drive market volatility. 'Trade policy, fiscal policy, and unintended consequences of policies from the Trump administration are contributing to market volatility in the second half of this year,' Hui noted. Elsewhere, S&P 500 futures pointed 0.4 per cent lower, while US markets remained closed for a national holiday. While regional central banks, including the Bank of England and Swiss National Bank, are due to issue policy decisions later today, investor focus remains fixed on Trump's next move, both on interest rates and in the Middle East. As Trump teased to reporters, 'The next week is going to be very big.' Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
30-05-2025
- Business
- Time of India
Asian stocks fall as US court revives Trump tariffs: Nikkei and Hang Seng drop 1.4%, Shanghai slips 0.5%
Representational AI image Asian stock markets slipped on Friday after a court ruling in the United States that gave president Donald Trump's tariff policies a temporary reprieve. The stocks had improved the previous day when a lower court had termed them unconstitutional. The Nikkei in Tokyo and the Hang Seng in Hong Kong dropped 1.4% on Friday, while Shanghai's Composite Index slipped 0.5%. Sydney and Seoul also fell, though markets in Wellington and Manila showed modest gains. The yen gained strength after inflation data from Tokyo came in higher than expected, increasing the likelihood of an interest rate hike by the central bank in July. The decline in Asian equities comes after Wall Street ended flat, with slight gains across the Dow and other main indexes. Weak US economic data, including a revised GDP contraction in early 2025 and disappointing jobless and housing numbers, added to the cautious mood. The legal tug-of-war over Trump's tariffs is now expected to reach the Supreme Court. A federal judge had earlier ruled that the administration exceeded its authority in imposing the levies, a judgment Trump called 'horrible' and urged to be overturned. "Backroom 'hustlers' must not be allowed to destroy our nation!," Trump wrote on Truth Social. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch vàng CFDs với mức chênh lệch giá thấp nhất IC Markets Đăng ký Undo A separate ruling by a federal district judge in Washington, DC also declared some of the tariffs unlawful, giving the administration 14 days to file an appeal. Despite the legal blocks, Trump allies insist that the administration will continue pushing its trade agenda. AFP quoted economists like Rodrigo Catril of National Australia Bank, warning that the fight only adds another layer of uncertainty. "The only thing that looks more certain is more uncertainty, which is set to lead to a further pullback in investment decision and hiring," said Cartil. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Yahoo
14-04-2025
- Business
- Yahoo
Global stock markets up amid Trump tariffs exemptions for electronics
Major stock markets in Asia and Europe rose in Monday trading following the U.S. announcement that key consumer electronics would be temporarily exempted from President Donald Trump's reciprocal tariffs. Hong Kong's Hang Seng index led the regional gains, closing 2.4% up with the Hang Seng Tech Index up more than 2%. On the mainland, Shanghai's Composite Index rose 0.76% and Shenzen's Component Index rose 0.51%. In Japan, the Nikkei 225 in Tokyo rose 1.18% while the broader Topix index rose nearly 0.9%. Elsewhere, South Korea's Kospi index grew 0.95% and Australia's S&P/ASX 200 closed 1.34% higher. Taiwan's Taeix index slipped by 0.08%. Tech stocks performed particularly well. Tokyo Electron grew 2%, Advantest -- a testing equipment maker -- rose 5.4% and South Korea's Samsung Electronics gained 1.4%. In Europe, the pan-continental STOXX 600 rose 1.8% on opening. Germany's DAX index rose more than 2%, France's CAC 40 rose 1.9% and Britain's FTSE 100 rose 1.95%. U.S. futures were also trending up. Dow Jones futures were up 0.71% as of Monday morning, S&P 500 futures were up 1.19% and Nasdaq futures up 1.57%. Smartphones, computers, flat panel TV displays, memory chips, semiconductor-based storage devices and other electronics are among the items excluded from the Trump administration's reciprocal tariffs, according to a bulletin from the U.S. Customs and Border Protection published Friday night. The news suggested possible relief for tech companies concerned by Trump's 145% tariffs on all goods from China. But the president and his economic advisers stressed over the weekend that any reprieve would be temporary, with specific tariffs to be imposed on goods put under a new national security classification. Trump posted to Truth Social on Sunday saying there was "was no Tariff 'exemption' announced on Friday" and that semiconductor tariffs will "just be moving to a different Tariff 'bucket.'" "NOBODY is getting 'off the hook' for the unfair Trade Balances, and Non Monetary Tariff Barriers, that other Countries have used against us, especially not China which, by far, treats us the worst!" Trump wrote. "We are taking a look at Semiconductors and the WHOLE ELECTRONICS SUPPLY CHAIN in the upcoming National Security Tariff Investigations," Trump added. Trump did not push back Saturday night when a reporter asked for details on "exemptions." "I'll give you that answer on Monday. We'll be very specific on Monday," Trump said. "We're taking in a lot of money. As a country, we're taking in a lot of money." ABC News' Selina Wang, Fritz Farrow and Joe Simonetti contributed to this report. Global stock markets up amid Trump tariffs exemptions for electronics originally appeared on
South China Morning Post
10-03-2025
- Business
- South China Morning Post
Chinese pork producer Muyuan mulls US$1 billion secondary Hong Kong listing
Muyuan Foods, one of the world's biggest pig breeders and pork producers, is considering a second listing in Hong Kong that may help it to raise at least US$1 billion, according to people familiar with the situation. Advertisement The Chinese company is seeking to hire banks to prepare for a possible share sale that could take place as soon as this year, the people said, asking not to be identified as the information is not public. Deliberations are ongoing and details including size and timing could change, the people said. Representatives for Muyuan did not immediately respond to requests for comment. Founded in 1992, Muyuan listed in Shenzhen in 2014. Its shares have dropped about 3 per cent this year, and 19 per cent from the end of September, giving the company a market value of 204 billion yuan (US$28 billion). The Shenzhen Stock Exchange Composite Index has risen about 6 per cent this year. Electric vehicle battery maker CATL is likely to raise funds in Hong Kong this year. Photo: Reuters China has faced a glut in many agricultural products, including pork, whose output surged as the country recovered from a widespread outbreak of African swine fever. The surplus in supply and weaker demand for meat as the economy falters are expected to weigh on pig farmers' margins this year. Advertisement
