Japan’s benchmark Topix index edged higher as expectations for Federal Reserve rate cut continued to hold following US inflation data, while signs of strength in domestic private consumption supported investor sentiment. Topix index rose 0.6% to 2,598.15 as of 9:33 a.m. Tokyo Nikkei advanced 0.3% to 36,533.60. Sumitomo Mitsui Financial Group Inc. contributed the most to the…
Gold rose following a five-day drop — the longest run of declines in almost six months — as traders took their cues from wider markets after a bumpy ride, with the US dollar and Treasury yields both weakening. Bullion for immediate delivery climbed toward $2,395 an ounce after shedding almost 3% in the losing streak. With Asian…
The Shanghai Composite Index opened 0.4% higher at 2,871.55 in Shanghai. Kweichow Moutai Co. contributed the most to the index gain, increasing 0.7%. Hubei Mailyard Share Co. had the largest increase, rising 10.2%. In early trading, 1,926 of 2,212 shares rose, while 225 fell; 3 of 5 sectors were higher, led by industrial stocks. Source…
Gold prices fell from near record highs in Asian trade on Tuesday as a rebound in stock markets sapped some demand for safe havens, although fragile sentiment still kept the yellow metal relatively upbeat. Gold had surged close to record highs on Monday, as a crash in global equity markets sent traders squarely into safe…
Oil steadied near a six-week low as positive Chinese economic data helped ease concern over demand in the world’s biggest importer, before an OPEC+ meeting this week. Brent crude traded above $81 a barrel after falling 1.5% on Friday to notch a third weekly drop, with West Texas Intermediate near $77. Industrial profits in Asia’s largest…
The Hang Seng Index opened 1.1% higher at 17,189.34 in Hong Kong. Tencent Holdings Ltd. contributed the most to the index gain, increasing 1.8%. Haier Smart Home Co. had the largest increase, rising 5.7%. In early trading, 71 of 82 shares rose, while 11 fell; all sectors were higher, led by commerce and industry stocks….
