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This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Markets digest Nvidia earningsU.S. markets rose on Thursday after digesting Nvidia's earnings release. [PRO] Stimulus boosting Chinese marketsChinese markets are "turning a corner" after the Beijing unleashed several stimulus measures to boost the economy, said HSBC . "The market has so far reacted positively to these initiatives,' analysts from HSBC wrote in a Nov. 19 note, in which they picked two Chinese stocks to hold for 2025.
Persons: Hong, Aftereffects, Gautam Adani, CNBC's Ganesh Rao Organizations: CNBC, U.S . Department of Justice, Google, Chrome, Nikkei, Bank of Japan, Reuters, Adani, Motors, Germany's Volkswagen, Nissan, HSBC Locations: Asia, Pacific, Japan, U.S, India, China, Beijing
The Tokyo Tower, left, and commercial and residential buildings in Minato district of Tokyo, Japan, on Saturday, Oct. 1, 2022. Photographer: Akio Kon/Bloomberg via Getty ImagesAsia-Pacific markets were set to open higher Friday, tracking a rally on Wall Street, with the S&P logging gains for a fourth straight day. Investors in Asia will assess Japan's October consumer price index data. Singapore is also set to release its third-quarter GDP data, with growth anticipated to accelerate to 4.6% year on year from 4.1% in the prior quarter, according to LSEG data. Hong Kong's Hang Seng index futures were flat from its last close at 19601.11.
Persons: Akio Kon Organizations: Bloomberg, Getty Images, Investors, Reuters, Nikkei Locations: Tokyo, Minato district, Japan, Getty Images Asia, Pacific, Asia, Singapore, Chicago, Osaka, 19601.11
The People's Bank of China (PBOC) building in Beijing, China, on Friday, Nov. 8, 2024. Asia-Pacific markets were set to open mostly lower Wednesday, following a mixed day on Wall Street amid mounting geopolitical tensions between Ukraine and Russia. Japan's Nikkei 225 futures pointed to a mixed open for the market, with the futures contract in Chicago at 38,300 and its counterpart in Osaka at 38,420 compared to the previous close of 38,414.43. According to a Reuters poll, China is expected to leave its benchmark lending rates unchanged on Wednesday after they were cut in October. Hong Kong Hang Seng index futures were at 19,619, slightly lower than the HSI's last close of 19,663.67.
Persons: Australia's Organizations: People's Bank of China, Investors, Reuters, Nikkei Locations: Beijing, China, Asia, Pacific, Ukraine, Russia, Japan, Chicago, Osaka, Hong Kong
CNBC asked Intrepid Travel and ChatGPT to put together a two-day itinerary to Melbourne City, AustraliaAsia-Pacific markets are set to open higher on Tuesday, tracking Wall Street gains buoyed by a Tesla rally, and as traders wait to watch key Chinese financial policymakers speak at an investment summit in Hong Kong. Futures for Australia's S&P/ASX 200 stood at 8,327, slightly higher than the index's last close of 8,300.2. Japan's Nikkei 225 futures pointed to a stronger open for the market, with the futures contract in Chicago at 38,275 and its counterpart in Osaka at 38,310 compared to the previous close of 38,220.85. Hong Kong's Hang Seng index futures were at 19,766, higher than the HSI's last close of 19,576.61. The Reserve Bank of Australia will publish the minutes from its monetary policy meeting earlier this month, where it held its benchmark interest rate for the eighth meeting in a row at 4.35%.
Organizations: CNBC, Intrepid Travel, Futures, Australia's, Japan's Nikkei, Reserve Bank of Australia Locations: Melbourne City, Australia Asia, Pacific, Hong Kong, Chicago, Osaka
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Breaking from Wall Street, Asia-Pacific stocks mostly rose on Friday. On a quarterly basis, GDP rose 0.2%, in line with estimates from a Reuters poll, but that's lower than the second quarter's 0.5% increase. China retail sales pick back upChina's retail sales in October rose 4.8% year on year, reported the National Bureau of Statistics.
Persons: Jerome Powell, Powell Organizations: US Federal Reserve, Music, Fair, CNBC, Trump, Nikkei, CSI, U.S . Federal, National Bureau of Statistics, Nvidia, Citi Locations: Dallas , Texas, Street, Asia, Pacific, China
The momentum in Japan markets were largely driven by the country's technology and financial sector. Asia-Pacific stock markets were set to open lower Wednesday, tracking losses on Wall Street as the U.S. postelection rally stalled overnight. Asian traders will assess Japanese corporate goods data, set for release later in the day. Economists polled by Reuters expect corporate goods prices to have risen by an average of 3% for the month of October compared to last year, up from 2.8% in September. Hong Kong Hang Seng index futures were at 19,631, lower than the HSI's last close of 19,846.88.
Persons: Australia's Organizations: Reuters, Japan's Nikkei Locations: Japan, Asia, Pacific, Chicago, Osaka, Hong Kong
Asia-Pacific markets are set to open mixed on Tuesday, with investors expected to exercise caution even as the Dow Jones Industrial Average's post-election rally continued to gain momentum to close at a record high. Futures for Australia's S&P/ASX 200 stood at 8,279, slightly higher than the index's last close of 8,259. Japan's Nikkei 225 futures pointed to a stronger open for the market, with the futures contract in Chicago at 39,660 and its counterpart in Osaka at 39,630 compared to the previous close of 39,533.32Hong Kong's Hang Seng index futures were at 20,324, lower than the HSI's last close of 20,426.93.
Organizations: Dow Jones Industrial, Australia's, Nikkei Locations: Asia, Pacific, Chicago, Osaka
Former U.S. President Donald Trump's victory over Vice President Kamala Harris in this week's election has raised questions about how Asia will be impacted. "When passed, the [tariffs] will sweep across Asia, particularly China [and] should spike volatility and compress multiples as uncertainty prevails." Even so, the analysts say the region is "more prepared than in 2016" and investment opportunities remain, especially given the weaker yen and stimulus in China. This will bring about "structural shifts in global supply chain ... [and] could boost infrastructure spending in ASEAN and South Asia," he added. The currency has fallen versus the dollar following Trump's win, hitting 154.7 per dollar on Wednesday — its weakest level since July 30.
Persons: Donald Trump's, Kamala Harris, India's, Hong, Tai Hui, Hui, Stocks, — CNBC's Lim Hui Jie Organizations: U.S, Trump, Macquarie Research, Nikkei, Dow Jones, Nasdaq, Morgan Asset Management, Congress, Mitsubishi Electric, Mitsubishi, Japanese pharma, Chugai Pharmaceutical, SK Hynix Locations: Asia, China, ASEAN, South Asia, U.S, Macquarie, Japan
People visit a riverside in front of the Lujiazui financial district, during the National People's Congress (NPC) in Shanghai, China, March 7, 2023. Aly Song | ReutersAsia-Pacific markets were set to climb on Tuesday, after the U.S. Federal Reserve cut interest rates by 25 basis points and major U.S. indexes continued their postelection rally. In Japan, the country will be releasing spending data for September, which will offer clues to the policy path ahead for the Bank of Japan. Strong spending data would support the case for the BOJ to raise rates, and vice versa. If stocks follow futures, the Hong Kong index will hit its highest level in about a month.
Persons: Aly Song, Australia's Organizations: National People's Congress, Reuters, U.S . Federal Reserve, China's National People Congress, Bank of Japan, Nikkei Locations: Shanghai, China, Reuters Asia, Pacific, U.S, Asia, Japan, Chicago, Osaka, Hong Kong
The font entrance of the Tokyo Stock Exchange (TSE) in Tokyo, Japan, on Monday, Aug. 5, 2024. Asia-Pacific markets are set to mostly climb on Thursday, after former President Donald Trump won the White House, defeating Vice President Kamala Harris in the 2024 presidential election. NBC News projects that Trump will win at least 291 Electoral College votes, including key swing states of Pennsylvania, North Carolina and Georgia. Stocks surged in the U.S. after Trump's win, and the same phenomenon is set to repeat itself in Asia. Japan's Nikkei 225 is set to retake the 40,000 mark for the first time in about a month.
Persons: Donald Trump, Kamala Harris, Stocks Organizations: Tokyo Stock Exchange, White, NBC News, Trump, Electoral, Japan's Nikkei, Nikkei Locations: Tokyo, Japan, Asia, Pacific, Pennsylvania, North Carolina, Georgia, U.S, Chicago, Osaka
A screen displays the Nikkei 225 Stock Average figure on the trading floor at the Nomura Securities Co. headquarters in Tokyo, Japan, on Jan. 11, 2024. SINGAPORE — Asia-Pacific markets opened higher Wednesday after Wall Street surged overnight ahead of the U.S. presidential election results. Japan's Nikkei 225 opened up 0.7%, while the Topix gained 0.4%. The Bank of Japan's monetary policy meeting minutes will be released later in the day, which could give insights on where the members stand on the bank's policy path. Australia's S&P/ASX 200 rose 0.7% higher.
Persons: Kospi Organizations: Nomura Securities Co, U.S, Nikkei, People's Congress Locations: Tokyo, Japan, SINGAPORE — Asia, Pacific
Several U.S.-listed funds tracking global stocks pulled back in Wednesday's session as investors considered Donald Trump's victory harmful to international equities. "While the investing landscape remains favorable in the U.S., international markets are very exposed to tariff policy, " said Yung-Yu Ma, chief investment officer at BMO Wealth Management. These moves reflect the divergence between U.S. and international markets as investors around the globe take in America's election results. Still, the U.S.-listed iShares MSCI China ETF (MCHI) shed more than 2% on Wednesday. Indeed, the iShares MSCI Emerging Markets ETF (EEM) slid more than 1% on Wednesday.
Persons: Donald Trump's, Trump's, Yung, Yu Ma, Javier Milei, Adam Turnquist, Turnquist, , Sarah Min, Jesse Pound, Hakyung Kim Organizations: U.S, NBC, BMO Wealth Management, Dow Jones, Trump, Japan's Nikkei, American, ICE, greenback, LPL Financial Locations: Paris, France, Korea, Hong Kong, Taiwan, Chile, U.S, China, Europe, Asia, Pacific, Argentina
Asia-Pacific markets are set to trade mixed on Tuesday as investors prepared for the U.S. presidential election and a possible interest rate cut from the Federal Reserve later this week. Hong Kong's Hang Seng index futures were at 20,658, slightly higher than the HSI's last close of 20,567.52. Australia's S&P/ASX 200 slid 0.32% as traders keep an eye on the upcoming central bank rate decision. Analysts at HSBC and the Commonwealth Bank of Australia expect the Reserve Bank of Australia to leave the cash rate unchanged. South Korea's consumer inflation in October rose 1.3% from a year ago, slightly cooler than Reuters' expectations of 1.4%.
Persons: Australia's Organizations: U.S, Federal Reserve, Nikkei, HSBC, Commonwealth Bank of Australia, Bank of Australia Locations: Asia, Pacific, Chicago, Osaka
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Big Tech drags down marketsMajor U.S. indexes slumped on Thursday, weighed down heavily by losses in Big Tech shares. While the company's cloud division missed revenue expectations, it's growing faster than it had in the same period last year. CNBC Pro checked in with Teng again to find out how his picks have performed, and if he has changed his mind on the stocks he's betting on.
Persons: Kevin Teng, Teng Organizations: CNBC, Big Tech, U.S, Japan's Nikkei, CSI, Apple, Amazon, P Global, PMI, Boeing, Wrise Private Singapore Locations: Asia, Pacific, Cupertino, China
SHANGHAI, CHINA - MARCH 01: Skyscrapers stand at the Pudong Lujiazui Financial District on March 1, 2022 in Shanghai, China. Asia-Pacific markets were set to open mixed Friday, after Wall Street benchmarks the Nasdaq Composite and S&P 500 suffered their worst day in nearly two months on downbeat Microsoft earnings forecast and Meta results. Traders await a slate of economic data from the region, including third-quarter producer prices index reading from Australia and Caixin China manufacturing purchasing managers' index for October. Japan's Nikkei 225 appeared set for a softer open, with the futures contract in Chicago at 38,470 and their counterpart in Osaka at 38,370 against the index's last close of 39,081.25. Futures for Hong Kong's Hang Seng index stood at 20,432, pointing to a rebound from its last close at 20,317.33.
Persons: Australia's Organizations: Pudong Lujiazui Financial, Nasdaq, Traders, Japan's Nikkei Locations: SHANGHAI, CHINA, Shanghai, China, Asia, Pacific, Australia, Chicago, Osaka
The Australian flag is in front of Christiansborg Palace in Copenhagen, Denmark, on January 14, 2024. Asia-Pacific markets were set for a mixed open Wednesday after key Wall Street benchmarks rose, with the Nasdaq Composite closing at a new record high as tech stocks gained. Traders in Asia will assess consumer price data out of Australia, with inflation for the quarter ended in September expected to fall to 2.9%, down from 3.8% in the previous quarter. Japan's Nikkei 225 futures pointed to a higher open for the market, with the contract in Chicago at 39,255 and its counterpart in Osaka at 39,160 compared to the index's previous close of 38,903.68. Hong Kong Hang Seng index futures were at 20,746, higher than the index's last close of 20,701.14.
Persons: Australia's Organizations: Nasdaq, Traders, Nikkei Locations: Christiansborg, Copenhagen, Denmark, Asia, Pacific, Australia, Chicago, Osaka, Hong Kong
Asia-Pacific markets are set to open higher, tracking gains on Wall Street as investors looked toward a slate of megacap technology earnings to keep propelling the Nasdaq Composite to new heights this week. Japan's Nikkei 225 futures pointed to a slightly stronger open for the market, with the futures contract in Chicago at 38,715 and its counterpart in Osaka at 38,630 compared to the previous close of 38,605.53. This comes after the ruling Liberal Democratic Party lost its parliamentary majority after voters cast their ballots on Sunday to determine the control of the lower house, marking the first time since 2009 that Japan's ruling coalition lost its majority. Australia's S&P/ASX 200 was 0.44% higher in its first hour of trade. Hong Kong's Hang Seng index futures were at 20,733, higher than the HSI's last close of 20,599.36.
Persons: Australia's Organizations: Nasdaq, Nikkei, Liberal Democratic Party Locations: Asia, Pacific, Chicago, Osaka
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Oil slump boosts marketsAll major U.S. indexes rose Monday on soft oil prices while investors awaited Big Tech earnings. Japan's Nikkei 225 extended gains to a second day, up 0.7% as the country's jobless rate for September dropped to 2.4% from 2.5% the previous month. [PRO] How to trade Japan's electionAfter Japan voted on Monday, the Nikkei 225 rose on the results.
Persons: Irene, Shigeru Ishiba Organizations: CNBC, Big Tech, Japan's Nikkei, Liberal Democratic Party, Nasdaq, CR Beverage, HSBC, Japan, Nikkei Locations: Lower Manhattan , New York, Asia, Pacific, Japan, U.S, Hong Kong, IPOs
A flag of Japan flies near cargo containers at Tokyo's Odaiba Waterfront on August 6, 2020. Asia-Pacific markets opened higher on Tuesday, following gains on Wall Street that saw the Dow Jones Industrial Average reach a record close amid a strong start to the earnings season. Japan's exports fell 1.7% in September compared to the same period last year, surprising economists polled by Reuters who expected a 0.5% growth rate. It's the first time that exports contracted this year and was down sharply from a revised growth rate of 5.5% in August. September's import growth came in at 2.1% also missing expectations of economists who expected growth of 3.2%.
Persons: Topix Organizations: Dow Jones, Investors, Nikkei, Reuters Locations: Japan, Asia, Pacific, Australia
Asian chip stocks fell on Wednesday after Dutch semiconductor equipment maker ASML posted disappointing sales forecasts, driving down global stocks in the sector. South Korean chipmaking heavyweight SK Hynix, which manufactures high bandwidth memory chips for AI applications for Nvidia, traded 1.6% lower. Net bookings for the September quarter were 2.6 billion euros ($2.83 billion), the company said — well below the 5.6 billion euro LSEG consensus estimate. Nvidia fell 4.7% and AMD lost 5.2%. In its June-quarter earnings presentation, ASML said that 49% of its sales come from China.
Persons: ASML, Foxconn —, Roger Dassen, — Ryan Browne Organizations: Tokyo, Renesas Electronics, Taiwan Semiconductor Manufacturing Company, Hai Precision Industry, SK Hynix, Nvidia, Samsung Electronics, Nikkei, AMD, Bloomberg, Biden Locations: Korean, Taiwan, ASML, Veldhoven, Netherlands, China
European markets are heading for a lower open Wednesday as global market sentiment takes a turn lower. The U.K.'s FTSE 100 index is expected to open 6 points lower at 8,249, Germany's DAX down 35 points at 19,482, France's CAC down 59 points at 7,469 and Italy's FTSE MIB down 137 points at 34,246, according to data from IG. The lower open seen for Europe's major bourses follows declines on Wall Street Tuesday and comes as most Asia-Pacific markets traded lower overnight, with Japan's Nikkei leading losses. U.S. stock futures were calm Tuesday evening as Wall Street looked to see whether equities can be rebound to record highs this week; the S&P 500 and Dow hit all-time highs Monday. Earnings in Europe Wednesday come from chip firm ASML.
Persons: Germany's DAX, Morgan Stanley Organizations: France's CAC, IG, Japan's Nikkei, Dow Locations: Asia, Pacific, Europe
Illuminated skyscrapers stand at the central business district at sunset on November 13, 2023 in Beijing, China. Asia-Pacific markets opened lower Wednesday, with Japan's Nikkei leading losses, following declines on Wall Street. New Zealand reported that its consumer prices index for the third quarter rose 2.2% year on year, in line with economists' expectations in a Reuters poll. It climbed 0.6% on quarter, slightly lower than the anticipated 0.7%. South Korea's seasonally-adjusted unemployment rate came in at 2.5% in September, compared to 2.4% in August.
Organizations: Japan's Nikkei, State, Traders, New Zealand Locations: Beijing, China, Asia, Pacific, New, South
The port at Busan, South Korea, in 2020. South Korea and Japan are especially dependent on shipping lanes that traverse the South China Sea, linking them to the Indian Ocean, Persian Gulf and beyond. Asia-Pacific markets opened higher Tuesday, following gains on Wall Street that saw the Dow Jones Industrial Average and the S&P 500 Nasdaq Composite reach new record highs. Investors assessed trade data out of South Korea, which showed a trade surplus of $6.7 billion in September, up from $3.7 billion in the previous month. South Korea's Kospi opened 0.05% higher, while the small-cap Kosdaq was up 0.4%.
Persons: Australia's Organizations: Dow Jones Industrial, Nasdaq, Kospi, Nikkei Locations: Busan, South Korea, Japan, China, Persian Gulf, Asia, Pacific
A general view of the Shanghai Securities Exchange building is being shown in Shanghai, China, on July 16, 2024. Japan's Nikkei 225 gained 0.26% to end at 39,380.89, while the broad-based Topix rose 0.2% to close at 2,71267. Traders in Asia were assessing September data on producer prices in Japan which rose 2.8% from a year ago. Economists polled by Reuters had predicted the inflation rate would come in at 2.3%, down from 2.5% in August. The rally had been triggered by a blitz of government stimulus measures at the end of September.
Persons: Australia's, Korea's Kospi, Hong, Chetan Ahya, Morgan Stanley, Ahya Organizations: Shanghai Securities Exchange, Dow Jones, Nikkei, Traders, Reuters, Investors, Holdings, Alimentation, CSI, China's Finance, Asia Locations: Shanghai, China, SINGAPORE — Asia, Pacific, 2,71267, Asia, Japan, Beijing
The Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), in Tokyo, Japan, on Monday, Aug. 5, 2024. SINGAPORE — Asia-Pacific markets opened mostly higher on Thursday, following gains on Wall Street that saw the S&P 500 and Dow Jones Industrial Average reach new records as investors shook off geopolitical concerns. Japan's Nikkei 225 opened up 0.5%, while the broad-based Topix gained 0.4%. Traders in Asia will assess data from September on producer prices in Japan which rose 2.8% from a year ago. Hong Kong Hang Seng index futures were at 21,070, higher than the HSI's last close of 20,637.24.
Persons: Australia's, Korea's Kospi Organizations: Tokyo Stock Exchange, Japan Exchange Group Inc, Dow Jones, Nikkei, Traders, Reuters Locations: Tokyo, Japan, SINGAPORE — Asia, Pacific, Asia, Hong Kong, China, Shenzhen, Beijing
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