The Hang Seng Index fell 0.9% to 26,518.27 on Friday morning (9:50 a.m. local time), following a pause in the Wall Street rally and concerns that AI hype has led to overpriced valuations. The biggest pressure came from large tech stocks: Baidu -3.2%, Alibaba -2.2%, JD.com -1.9%, followed by Li Auto -3.3% and Zijin Mining…
The Nikkei index weakened 0.4% to 48,397.29 in early trading, following Wall Street’s overnight decline that sparked risk-off sentiment. According to Commerzbank Research analysts, the market is still searching for new catalysts amid a lack of US data releases due to the government shutdown, so the short-term direction is likely cautious. Several stocks led the…
Japanese stocks rose early in the session, with the Nikkei rising 0.7% to 48,069.81, led by technology and electronics stocks. A weaker yen helped ease concerns about the impact of US tariffs on exporters’ earnings. Kioxia jumped 8.3%, SoftBank Group rose 4.5%, and Tokyo Electron added 1.4%. In the currency market, USD/JPY was at 152.60…
Oil prices slipped as market participants focused on easing tensions in the Middle East and rising US inventories. Brent fell below $66 per barrel, while WTI approached $62, after rising more than 1% the day before. At 8:17 a.m. Singapore time, Brent for December delivery fell 0.9% to $65.64, and WTI for November delivery fell…
Gold fell slightly after breaking its all-time record above $4,000/oz. At the start of Thursday’s Asian session, prices fell ±0.7% to around $4,015 after rising 1.4% the previous day. Technical indicators pointed to overbought conditions for nearly a month, triggering profit-taking after a four-day rally. Some of its safe-haven appeal eased after US President Donald…
Silver prices (XAG/USD) weakened slightly in the Asian session on Thursday (October 9th), hovering within a high range after hitting a new record near $49.6 per ounce the previous day. The main drivers came from gold’s rally to reach $4,000, demand for hedge funds, and speculation of interest rate cuts, which has boosted appetite for…
