Latest news with #Nikkei225
NHK
a day ago
- Business
- NHK
Nikkei 225 recovers to 40,000 mark to hit year's high
Tokyo's benchmark stock index recovered to the 40,000 level on Friday for the first time in about six months to close at a year-to-date high. Investors bought in after the Trump administration indicated trade tariff deadlines may be extended, easing concerns about a slowdown in the global economy. The Nikkei 225 finished the day at 40,150, up 1.4 percent. The gains were led by semiconductor and export-related shares. The index extended its winning streak to four days. Analysts say investors are finding more reason to be optimistic about the US economy amid speculation the Federal Reserve may cut interest rates sooner than expected.
BusinessToday
a day ago
- Business
- BusinessToday
Asian Markets Mixed Amid Trade Developments and Rate Cut Hopes
Asian equities ended the trading week on a mixed note on June 27, as optimism over geopolitical developments and US rate cut expectations was offset by weak economic data and profit-taking in key markets. Investor sentiment received a partial boost after US President Donald Trump announced a rare earth trade deal with China and teased a forthcoming agreement with India. Meanwhile, the ceasefire between Iran and Israel held steady, and soft US economic data bolstered hopes for Federal Reserve (Fed) rate cuts. Japan led regional gains, with the Nikkei 225 surging 1.43% to 40,150.79, its highest close since December, while the Topix rose 1.28% to 2,840.54. Tech stocks tracked US peers higher amid easing Middle East tensions and tariff extension speculation. In contrast, China's Shanghai Composite fell 0.7% to 3,424.23 after data showed industrial profits dropped 9.1% in the first five months of the year, highlighting persistent deflationary pressures and a troubled property sector. Hong Kong's Hang Seng slipped 0.17% to 24,284.15 despite confirmation of a US-China agreement to expedite rare earth shipments. South Korea's Kospi declined 0.77% to 3,055.94, as investors locked in gains in battery and automotive stocks. LG Energy Solution dropped 3%, while Hyundai Motor fell 2.2%. Australia's S&P/ASX 200 gave up early gains to close 0.43% lower at 8,514.20, weighed by losses in banking stocks. The broader All Ordinaries shed 0.34% to 8,743.60. New Zealand bucked the regional trend, with the S&P/NZX-50 rising 0.83% to 12,583.59, marking its second consecutive day of gains. In commodities, gold slipped over 1% to trade below US$3,300 an oz and the dollar index hovered near a two-year low ahead of the release of the US May Personal Consumption Expenditure price index. Oil prices were poised for their worst weekly loss since March as supply concerns eased. Investors now turn their focus to key US inflation data for further cues on the Fed's next move. Related
Straits Times
a day ago
- Business
- Straits Times
Singapore stocks climb on overnight Wall Street rally; STI up 0.7%
Gainers outstripped losers 309 to 202 in the wider market. ST PHOTO: BRIAN TEO SINGAPORE – A buoyant session on Wall Street overnight gave local investors the signal to push shares higher on June 27 and end the week on a positive note. Robust trade of 1.8 billion securities worth $1.4 billion propelled the Straits Times Index (STI) up 0.7 per cent or 27.74 points to 3,966.2, with gainers outstripping losers 309 to 202. The Wall Street rally came as weaker-than-projected economic data coincided with news that President Donald Trump will announce a new US Federal Reserve chair earlier than expected, noted Interactive Brokers senior economist Jose Torres. 'The one-two punch of softer activity figures and the new leader of the central bank being named in September or October is bolstering rate cut wagers and sending the yield curve south,' he said. The optimism bolstered tech and finance shares and sent the S&P 500, Dow Industrials and Nasdaq up around 1 per cent but it failed to inspire all regional markets. Japan's Nikkei 225 gained 1.4 per cent and Malaysian stocks rose 0.6 per cent, but the Hang Seng in Hong Kong fell 0.2 per cent, the ASX 200 in Sydney declined 0.4 per cent and Seoul's Kospi was down 0.8 per cent. Meanwhile, software services provider Info-Tech Systems launched its initial public offering (IPO) of 24,856,000 shares at 87 cents apiece on June 27, marking the first Singapore mainboard listing in almost two years. Japanese telco Nippon Telegraph and Telephone also lodged an IPO prospectus to spin off some of its data centres into a Singapore-listed real estate investment trust that would likely be the largest S-Reit listing in a decade. Hongkong Land was the STI's top gainer, rising 3.4 per cent to US$5.84, while Sembcorp Industries was the biggest decliner, down 1 per cent to $6.83. The local banks ended higher: DBS gained 1 per cent to $44.86; OCBC rose 0.7 per cent to $16.35; and UOB added 0.4 per cent at $36. THE BUSINESS TIMES Join ST's Telegram channel and get the latest breaking news delivered to you.
Business Times
a day ago
- Business
- Business Times
Singapore stocks track overnight Wall Street gains on Friday; STI up 0.7%
[SINGAPORE] Local stocks tracked overnight Wall Street gains to end higher on Friday (Jun 27). The benchmark Straits Times Index (STI) rose 0.7 per cent or 27.74 points to 3,966.2. Across the broader market, gainers outnumbered losers 309 to 202, after 1.8 billion securities worth S$1.4 billion changed hands. Regional markets were mixed. The Nikkei 225 gained 1.4 per cent, the FTSE Bursa Malaysia KLCI rose 0.6 per cent and the IDX Composite was up 1 per cent. Meanwhile, the Hang Seng Index fell 0.2 per cent and the Kospi was down 0.8 per cent. In the US, markets rallied as weaker-than-projected economic data coincided with news that President Donald Trump will announce a new US Federal Reserve chair earlier than expected, said Jose Torres, senior economist at Interactive Brokers. 'The one-two punch of softer activity figures and the new leader of the central bank being named in September or October is bolstering rate cut wagers and sending the yield curve south in bull steepening fashion,' he said. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up In Singapore, Ministry of Manpower data on Friday showed both job vacancies and unemployment rose in the first quarter of 2025, causing the ratio between them to stay unchanged. In the equities space, software services provider Info-Tech Systems on Friday launched its initial public offering (IPO) of 24,856,000 shares at S$0.87 each, marking the first Singapore mainboard listing in almost two years. Japanese telco Nippon Telegraph and Telephone also lodged an initial public offering prospectus to spin off some of its data centres into a Singapore-listed real estate investment trust (S-Reit), marking what is likely to be the largest S-Reit listing in a decade. On the STI, Hongkong Land is the top gainer, rising 3.4 per cent to US$5.84. Sembcorp Industries is the biggest decliner, falling 1 per cent to S$6.83. The local banks ended higher. DBS gained 1 per cent to S$44.86, OCBC rose 0.7 per cent to S$16.35, while UOB was up 0.4 per cent at S$36.
Nahar Net
a day ago
- Business
- Nahar Net
Asian shares mixed after US stocks rise to brink of record
by Naharnet Newsdesk 27 June 2025, 12:16 Asian shares were mixed on Friday, losing some of their morning gains, after U.S. stocks ran to the brink of another record. U.S. futures and oil prices also logged modest gains. Investors were watching for further details after President Donald Trump said the U.S. and China had signed a trade deal. Commerce Secretary Howard Lutnick said in an interview on Bloomberg TV that the deal was signed two days ago, but he gave no details, saying "The president likes to close these deals himself." China's Commerce Ministry said Friday that the two sides had "further confirmed the details of the framework." But its statement was vague, not explicitly mentioning an agreement to ensure U.S. access to rare earths, materials used in high-tech applications that have been at the center of negotiations. "China will approve the export applications of controlled items that meet the conditions in accordance with the law. The United States will cancel a series of restrictive measures taken against China accordingly. It is hoped that the United States and China will meet each other halfway," it said. Worries about Trump's higher tariffs have receded since the president shocked the world in April with stiff proposed levies, but they have not disappeared. The wait is still on to see how big the tariffs will ultimately be, how much they will hurt the economy and how much they will push up inflation. Hong Kong's Hang Seng index lost 0.3% to 24,250.77, while the Shanghai Composite index gave up 0.7% to 3,424.23 after China reported that industrial profits slid 9.1% in May, the sharpest drop since last October. "Beijing may have paused the worst of the trade fight with Washington, but the tariff scars are showing—and unless demand picks up or pricing stabilizes, the pressure on margins and business sentiment will linger," Stephen Innes, Managing Partner at SPI Asset Management, said in a commentary. Tokyo's Nikkei 225 index 1.4% to 40,150.79 as the government reported that consumer prices eased slightly in May. South Korea's KOSPI Composite Index fell 0.8% to 3,055.94, while Australia's S&P/ASX 200 shed 0.4% at 8,514.20. Markets have settled somewhat after the upheavals of the Israel-Iran war and its aftermath. On Thursday, the S&P 500 climbed 0.8% to 6,141.02 and was sitting just 0.05% below its all-time closing high set in February. It briefly topped the mark during the afternoon in the latest milestone for the index at the heart of many 401(k) accounts, which had dropped roughly 20% below its record during the spring on worries about President Donald Trump's tariffs. The Dow Jones Industrial Average rallied 0.9% to 43,386.84, and the Nasdaq composite gained 1% to 20,167.91. Reports Thursday added to evidence the U.S. economy is holding up despite higher tariffs and other challenges, though it has slowed. Orders for washing machines and other manufactured goods that last at least three years grew by more last month than economists expected. Another report said fewer U.S. workers filed for unemployment benefits last week, a potential signal of fewer layoffs. A third report said the U.S. economy shrank by more during the first three months of 2025 than earlier estimated. But many economists say those numbers were distorted by a surge in imports as companies tried to get ahead of tariffs. They're expecting a better performance in upcoming months. Following the reports, Treasury yields swiveled up and down in the bond market before easing. The yield on the 10-year Treasury fell to 4.24% from 4.29% late Wednesday. The two-year Treasury yield, which more closely tracks expectations for what the Federal Reserve will do, fell to 3.71% from 3.74% late Wednesday. Analysts said yields may have felt pressure because of a report from The Wall Street Journal saying Trump could name his nominee to replace Fed Chair Jerome Powell unusually early, in an attempt to undermine him. That could hurt confidence among investors about the Fed's capability to make unpopular decisions when it comes to fighting inflation. In other dealings on Friday, the U.S. benchmark crude gained 32 cents to $65.56 per barrel. Brent crude, the international standard, added 34 cents to $67.03 per barrel. The U.S. dollar rose to 144.50 Japanese yen from 144.40 yen. The euro edged higher to $1.1715 from $1.1703.
