Japan’s Nikkei index reversed course to close higher on Monday as investors changed their outlook after local companies posted strong earnings, and Astelas Pharmaceuticals rose after a drug it produces received US approval. The Nikkei index rose 0.19 percent to close at 32,254.56 points, after falling at the beginning of …
Read More »Japan stocks fall following in the footsteps of Wall Street due to rising bond yields
Japanese stocks fell for the second day in a row on Thursday, tracking Wall Street, which closed lower on Wednesday, as rising bond yields in the United States and Japan weighed on investor sentiment. Japan’s Nikkei index fell 1.68 percent to close at 32,159.28 points, after falling 2.3 percent, its …
Read More »Japan’s stocks recorded the biggest daily decline this year
Japanese stocks posted their largest daily decline in percentage terms this year, as caution spread in Asian markets after an unexpected downgrade of the credit rating of the United States negatively affected sentiment. The Nikkei index fell 2.30 percent to close at 32,707.69 points, the largest daily decline since December …
Read More »Nikkei rose to the highest level in 4 weeks
Japan’s Nikkei index rose on Monday to a four-week high, amid an improvement in investor sentiment on the back of calm in the bond market after the Bank of Japan’s sudden policy adjustment and optimism over slowing inflation in the United States. The results of some companies led to an …
Read More »Nikkei closes lower ahead of the BoJ meeting
The Japanese Nikkei index fell slightly on Wednesday, July 26, under pressure from the decline in stocks of auto and tire makers, while investors engaged in selling to take profits ahead of the monetary policy meeting of the Central Bank of Japan, which lasts for two days this week. The …
Read More »Japan’s Nikkei closed lower amid caution ahead of important interest rate decisions
The Japanese Nikkei index closed lower on Tuesday, with heavy technology stocks leading the losers, as risk appetite was affected by caution ahead of interest rate decisions from major global central banks, including the Bank of Japan. The Nikkei fell 0.06 percent to close at 32,682.51 points, after a decline …
Read More »Japan’s Nikkei closed higher as auto stocks rose
The Japanese Nikkei index closed higher on Monday for the first time in three sessions, with the rise of stocks of auto makers, taking advantage of the decline in the yen, at a time when investors reduced their bets that the central bank of the country will change its monetary …
Read More »Japan’s Nikkei index is falling for a second day under pressure from chip stocks
The Japanese Nikkei index ended lower on Friday, affected by the acceleration of declines in stocks related to chips, which are tracking their counterparts in the United States. Semiconductor giants Tokyo Electron and Advantest fell 5.6 percent and 5.8 percent, respectively, wiping nearly 200 points from the Nikkei index. The …
Read More »China’s daily oil consumption increased amid operation resumption
Official data showed on Monday that the average daily consumption of oil refineries in China rose 1.6 percent from the previous month, with refineries resuming operations after completing maintenance in the spring and increasing production to meet the demand for travel in the summer. Data from the National Bureau of …
Read More »China’s economy grew by 6.3% in the second quarter of 2023
China’s economy grew in the second quarter of 2023 by 6.3%, against expectations of 7.3%. On a quarterly basis, the Chinese economy grew by 0.8% in the second quarter, slowing down from 2.2% levels, but it came better than expectations that indicated a growth of 0.5%. A spokesman for the …
Read More »