Oct 28 2024, 07:45 The yen fell to its weakest level in almost three months after Japan’s ruling coalition failed to win a majority in parliament at the weekend’s election. Crude tumbled after Israeli strikes on Iran avoided oil facilities. The Japanese currency fell as much as 0.6% to 153.27 per dollar Monday as political…
Oct 28 2024, 14:02 The Nikkei 225 Index jumped 1.82% to close at 38,605 while the broad-based Topix Index gained 1.51% to 2,658 on Monday, recovering most of the losses from last week as the yen weakened further in the aftermath of Japan’s weekend election. The Liberal Democratic Party and its coalition partner Komeito lost…
Oct 21 2024, 16:19 The Hang Seng Index tumbled 326 points or 1.6% to close at 20,478 on Monday, following a 3.6% surge in the previous session. Losses were broad-based, with tech, consumers, and financials burdening the index. Traders were unimpressed by a 25bps cut to both the one-year and five-year loan prime rates in…
Oct 18 2024, 07:13 Oil steadied, after notching its first gain in five sessions, with eyes on developments in the Middle East after the death of Hamas leader Yahya Sinwar. West Texas Intermediate held near $72 a barrel, while Brent settled at around $74. The killing of Sinwar by Israeli soldiers led President Joe Biden to renew calls for…
Oct 17 2024, 10:13 Hong Kong stocks jumped 227 points, or 1.1%, to 20,509 during the morning session on Thursday, marking their first gain in four sessions. The gains followed an upbeat session on Wall Street overnight, amid a recovery in the U.S. tech sector, falling Treasury yields and a steady stream of earnings reports….
Oct 11 2024, 14:12 The Japanese Yen (JPY) weakened against its US counterpart on Friday and halted the previous day’s recovery from its lowest level since early August. Japanese Prime Minister Shigeru Ishiba’s blunt comments on monetary policy, coupled with the first decline in Japanese real wages in three months, a decline in household spending,…
