Nikkei Financial News

Asian stock markets followed Wall Street higher Tuesday ahead of an update on U.S. consumer prices that traders hope will show inflation is easing, reducing the need for more interest rate hikes

Reliance Industries, banking and financial stocks. The S&P BSE Sensex was trading 401 points or 0.61% higher at 65,745. Nifty50 was trading at 19,474, up 118 points or 0.61% at around 9.48 am.

By Julie Zhu

Bond markets were still shaky after a recent vicious sell-off drove yields to multi-year highs across the developed world, making equities less attractive in comparison. The surge in yields put pressure on popular carry trades in the currency market which saw the Japanese yen rally sharply late last week, largely at the expense of the U.S. dollar.

MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.8% to a one-month low. Japan's Nikkei fell 0.6%. [.T] Overnight, surprisingly strong partial figures on the U.S.

labour market data spurred the threat of inflationary pressures, leaving room for more rate hike by the Fed. Earlier, the minutes of the Federal Reserve’s June meeting also showed that most central bank officials would support more interest rate increases ahead. In Asia, Japanese household spending fell 4.0% in May from a year earlier, a third month of decline, government data showed, Reuters reported.

real estate sector tumbled 4.2%. Britain’s FTSE 100 fell 2.2% at 7,280.50. Germany’s DAX dropped 2.6% at 15,528.54. France’s CAC 40 tanked 3.1% at 7,082.29.  In Asia, stock markets fell on Thursday, led by Hong Kong shares. Hong Kong’s Hang Seng index slumped 3% at 18,533.05. China’s Shanghai Composite lost 0.5% at 3,205.57.

Nato summit to be held in Lithuania’s capital Vilnius as South Korea, Japan, Australia, and New Zealand are planning to meet on the sidelines of the summit to discuss how to respond to Beijing’s aggressive attempts to change the status quo in the South and East China Seas. All eyes are set on the July 11-12 summit as for the first time all leaders of Nato's four Asia-Pacific partners—Japan, South Korea, Australia and New Zealand—will be attending. The four, collectively known as AP4, are currently tagged as ‘partners across the globe’ by Nato. The North Atlantic alliance will “formulate an individually tailored partnership programme (ITPP) with all four countries in order to upgrade its partnership with them to a higher level,” according to Tokyo-based Nikkei Asia. To support its move for South and East China Seas, Beijing is reportedly engaged in power projection, military build-up and hybrid and cyber operations. To counter China’s aggression in the region, Nato wants to strengthen its engagement with its Asia-Pacific partners step by step. After the ITPPs are finalised, Nato will open a liaison office in Japan in 2024. Nato will use the liaison office as a hub for cooperation with South Korea, Japan, Australia and New Zealand. China, which is closely watching Nato’s activity in the Indo-Pacific region, recently warned that South Korea will not gain anything by participating in a summit that shows hostility towards Beijing.

Investing.com — Most Asian stocks fell on Thursday, tracking a decline in U.S. markets as the minutes of the Federal Reserve’s June meeting presented a hawkish outlook, while weak economic signals and fears of a Sino-U.S. trade war also weighed.

U.S. 10-year Treasury yields climbed to a fresh four-month high in Tokyo trading, and the dollar extended its rise against major peers. Japan's Nikkei share average slumped more than 1%, continuing its retreat from 33-year highs.

minutes showed that the central bank was split on pausing interest rate hikes in June and sees more rate hikes at a slower pace going ahead. At the June 13-14 meeting, the Federal Open Market Committee (FOMC)’s decision to hold  interest rate after 10 consecutive increases was to buy time and assess whether further rate hikes would be needed, the minutes showed On the domestic front, the Indian equity indices ended flat on Wednesday after hitting record highs for the last four consecutive sessions. After showing high volatility at high levels, Nifty continued to show consolidation movement on Wednesday and closed the day higher by 09 points.  “Global worries along with moderation in Service PMI data briefly impacted the domestic market’s rally.

economic activity fell in June. According to revised figures from the HCOB Eurozone Composite purchasing managers' index, Eurozone economic activity fell to 49.9 points in June, just under the 50-point mark indicating zero growth. The EURO STOXX 50 index closed 0.9% lower, its worst session since end May.

The benchmark Nikkei 225 index lost 0.25 percent, or 83.82 points, to 33,338.70, while the broader Topix index slipped 0.01 percent, or 0.34 points, to 2,306.03. The dollar fetched 144.68 yen in Asian trade, against 144.44 yen seen Tuesday in London.

Indian market scaled record high for the fourth consecutive session on Tuesday led by robust foreign capital inflow amid optimism over the country’s bright macroeconomic outlook. Also Read: Buy or sell: Vaishali Parekh recommends buying in 3 stocks today — 5 July Japan’s Nikkei 225 declined 0.36% and the Topix fell 0.5%. South Korea’s Kospi gained 0.15% and the Kosdaq rose 0.11%.

Indian market is likely to open flat after the benchmark equity indices closed at record levels with the Sensex surpassing 65,000-mark and the Nifty ending above 19,300 fuelled by favourable economic data, sustained foreign fund inflows and positive global cues. Japan’s Nikkei 225 fell 0.72%, while the Topix declined 0.45%. South Korea’s Kospi eased, while the Kosdaq rose 0.13%.  Hong Kong’s Hang Seng index futures were trading around 130 points lower at 19,176.

By Sinéad Carew

The Nikkei index ended 1.7% higher at 33,753.33, its highest close since March 1990. The broader Topix rose 1.41% to 2,320.81. «U.S.

Investing.com — Most Asian stocks surged on Monday as a drop in U.S. inflation ramped up hopes for a less hawkish Federal Reserve, while data showing improving sentiment towards the Japanese economy put the Nikkei index back at 33-year highs.

China's recovery has so far disappointed high expectations and the Caixin manufacturing survey due later on Monday is forecast to dip to 50.2 in June, from 50.9, and may even slip into contraction. The central bank has promised more «forceful» action to support the economy and looks likely to soon get a new boss. Something major is needed given Chinese blue chips shed 5% last quarter while much of the developed world rallied.

While the technology-focused Nasdaq and the Japanese Nikkei 225 have had all the attention due to their impressive rallies this year, it's important to redirect our focus towards another category of stocks that have been performing exceptionally well, particularly in recent times.

China's lackluster economic recovery since emerging from strict «zero-Covid» lockdowns has caused weaker sentiment toward the country, prompting investors to look for alternative options — like its near neighbors.