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14 minutes ago
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Asian shares are mixed after days of gains driven by hopes for US rate cuts
MANILA, Philippines (AP) — Asian shares were mixed on Thursday after days of gains driven by hopes for lower U.S. interest rates, while U.S. futures slipped. In Tokyo, the Nikkei 225 fell 1.4% to 42,657.94 as investors sold to lock in recent gains that have taken the benchmark to all-time records. The Japanese yen rose against the dollar after U.S. Treasury Secretary Scott Bessent said in an interview with Bloomberg that Japan was 'behind the curve' in monetary tightening. He was referring to the slow pace if increases in Japan's near-zero interest rates. Low interest rates tend to make the yen weaker against the dollar, giving Japanese exporters a cost advantage in overseas sales. The dollar fell to 146.55 Japanese yen early Thursday, down from 147.39 yen. The euro fell to $1.1703 from $1.1705. In Chinese markets, Hong Kong's Hang Seng index shed less than 0.1% to 25,597.85, while the Shanghai composite index gained 0.2% to 3,690.88. South Korea's Kospi slid 0.3% to 3,215.61, while Australia's S&P ASX 200 index added 0.5% to 8,871.80. Taiwan's TAIEX fell 0.4%, while India's Sensex edged 0.1% higher. 'Asian markets opened today like a party that ran out of champagne before midnight — the music still playing, but the dance floor thinning out,' Stephen Innes of SPI Asset Management said in a commentary. The futures for the S&P 500 and the Dow Jones Industrial Average were down less than 0.1%. On Wednesday, U.S. stocks ticked higher, extending a global rally fueled by hopes the Federal Reserve will cut U.S. interest rates. The S&P 500 rose 0.3% to 6,466.58, coming off its latest all-time high. The Dow climbed 1% to 44,922.27, while the Nasdaq composite added 0.1% to its own record set the day before, closing at 21,713.14. Treasury yields eased in the bond market in anticipation that the Fed will cut its main interest rate for the first time this year at its next meeting in September. Lower rates can boost investment prices and the economy by making it cheaper for U.S. households and businesses to borrow to buy houses, cars or equipment, though they risk worsening inflation. Stocks of companies on Wall Street that could benefit most from lower interest rates helped lead the way. PulteGroup climbed 5.4%, and Lennar rose 5.2% as part of a broad rally for homebuilders and others in the housing industry. Lower rates could make mortgages cheaper to get, which could spur more buying. The cryptocurrency exchange company Bullish ended its debut day of trading after an initial public offering of more than $10 billion with a gain of nearly 84% to $68 a share. The hopes for lower interest rates are helping to drown out criticism that the U.S. stock market has broadly grown too expensive after its big leap since hitting a low in April. President Donald Trump has angrily been calling for cuts to help the economy, often insulting the Fed Chair Jerome Powell while doing so. But the Fed has hesitated of the possibility that Trump's sweeping higher tariffs could make inflation much worse. Fed officials have said they want to see more fresh data about inflation before moving. On Thursday, a report will show how bad inflation was at the wholesale level across the United States. Economists expect it to show inflation accelerated a touch to 2.4% in July from 2.3% in June. In other dealings early Thursday, U.S. benchmark crude rose 24 cents to $62.89 per barrel. Brent crude, the international standard, added 27 cents to $65.90 per barrel. ___ AP Business Writer Stan Choe contributed. Teresa Cerojano, The Associated Press
Yahoo
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Exploring Undiscovered Gems in Asia for August 2025
As global markets continue to navigate complex economic landscapes, recent developments have seen the Bank of England cutting rates amidst labor market concerns and the U.S. Nasdaq Composite reaching fresh all-time highs. In this dynamic environment, identifying promising small-cap stocks in Asia can offer unique opportunities for investors seeking growth potential beyond mainstream indices. A good stock in this context often combines strong fundamentals with resilience to broader market fluctuations, making it a compelling candidate for those exploring undiscovered gems in the region. Top 10 Undiscovered Gems With Strong Fundamentals In Asia Name Debt To Equity Revenue Growth Earnings Growth Health Rating Hong Ho Precision TextileLtd 3.47% 54.41% 83.19% ★★★★★★ System ResearchLtd 12.02% 10.93% 15.51% ★★★★★★ Toukei Computer NA 5.63% 13.86% ★★★★★★ Shangri-La Hotel NA 23.33% 39.56% ★★★★★★ Zhejiang Wanfeng ChemicalLtd 12.56% 19.68% -28.34% ★★★★★★ Kaneko Seeds NA 1.50% -1.04% ★★★★★★ Alltek Technology 100.78% 4.48% 7.73% ★★★★★☆ Guangdong Delian Group 28.18% 5.07% -36.51% ★★★★★☆ Ogaki Kyoritsu Bank 100.29% 3.05% 10.51% ★★★★☆☆ Fengyinhe Holdings 0.60% 39.37% 65.41% ★★★★☆☆ Click here to see the full list of 2494 stocks from our Asian Undiscovered Gems With Strong Fundamentals screener. Let's review some notable picks from our screened stocks. Jiangsu Bide Science and TechnologyLtd Simply Wall St Value Rating: ★★★★☆☆ Overview: Jiangsu Bide Science and Technology Co., Ltd. operates primarily in the rail transit equipment sector and has a market capitalization of CN¥4.47 billion. Operations: Bide's revenue is primarily derived from its rail transit equipment segment, totaling CN¥488.72 million. The company's focus on this sector influences its financial performance and strategic priorities. Jiangsu Bide Science and Technology Ltd. stands out in the Asian market with its impressive earnings growth of 74% over the past year, surpassing the Machinery industry average of 1%. Despite this, it's important to note that earnings have decreased by 35% annually over five years. The company's debt-to-equity ratio has risen from 0.2 to 0.8 in five years, yet it maintains more cash than total debt, indicating a manageable financial position. While its share price has been highly volatile recently, Jiangsu Bide's high-quality past earnings suggest resilience amidst market fluctuations. Click here and access our complete health analysis report to understand the dynamics of Jiangsu Bide Science and TechnologyLtd. Gain insights into Jiangsu Bide Science and TechnologyLtd's past trends and performance with our Past report. NORINCO International Cooperation Simply Wall St Value Rating: ★★★★★☆ Overview: NORINCO International Cooperation Ltd. is an engineering contractor operating across Asia, Africa, the Middle East, and internationally with a market cap of CN¥13.18 billion. Operations: The company generates revenue primarily from engineering contracting services across multiple regions. It reports a net profit margin of 3.5%, reflecting its profitability after accounting for expenses. NORINCO International Cooperation, a smaller player in the construction sector, trades at a favorable price-to-earnings ratio of 13.7x compared to the broader CN market's 43.8x. The company's net debt to equity ratio stands at a satisfactory 13.2%, reflecting prudent financial management with debt levels reduced from 60.1% to 55.5% over five years. Despite experiencing negative earnings growth of -2.6% last year, which is better than the industry average of -5.4%, NORINCO shows potential for improvement with forecasted earnings growth of 10%. Recent shareholder meetings have focused on strategic agreements and insurance for key personnel, indicating proactive governance measures. Take a closer look at NORINCO International Cooperation's potential here in our health report. Gain insights into NORINCO International Cooperation's historical performance by reviewing our past performance report. Jiangsu Yunyi ElectricLtd Simply Wall St Value Rating: ★★★★★★ Overview: Jiangsu Yunyi Electric Co., Ltd. is engaged in the research, development, manufacturing, marketing, and sale of automotive electronic parts both in China and internationally, with a market capitalization of approximately CN¥11.52 billion. Operations: Yunyi Electric generates its revenue primarily from the sale of automotive electronic parts in both domestic and international markets. The company's financial performance is highlighted by a net profit margin of 8.5%, reflecting its efficiency in converting sales into actual profit after all expenses. Jiangsu Yunyi Electric, a small player in the auto components sector, has shown impressive earnings growth of 19.7% over the past year, outpacing the industry's 4.3%. The company is trading at a significant discount of 38.7% below its estimated fair value and boasts high-quality earnings. Over five years, it has reduced its debt-to-equity ratio from 10.3 to 3.5 while maintaining more cash than total debt, indicating financial prudence. Recent board changes and amendments to governance systems could signal strategic shifts aimed at fostering future growth in this volatile market space. Delve into the full analysis health report here for a deeper understanding of Jiangsu Yunyi ElectricLtd. Learn about Jiangsu Yunyi ElectricLtd's historical performance. Next Steps Investigate our full lineup of 2494 Asian Undiscovered Gems With Strong Fundamentals right here. Hold shares in these firms? Setup your portfolio in Simply Wall St to seamlessly track your investments and receive personalized updates on your portfolio's performance. Maximize your investment potential with Simply Wall St, the comprehensive app that offers global market insights for free. Ready To Venture Into Other Investment Styles? Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include SHSE:605298 SZSE:000065 and SZSE:300304. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
Yahoo
14 minutes ago
- Yahoo
Cabka Reports First Half 2025 Earnings
Explore Cabka's Fair Values from the Community and select yours Cabka (AMS:CABKA) First Half 2025 Results Key Financial Results Revenue: €86.5m (down 8.4% from 1H 2024). Net loss: €4.70m (loss widened by 147% from 1H 2024). We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. All figures shown in the chart above are for the trailing 12 month (TTM) period Cabka Earnings Insights Looking ahead, revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Packaging industry in Europe. Performance of the market in the Netherlands. The company's shares are down 2.6% from a week ago. Risk Analysis It is worth noting though that we have found 1 warning sign for Cabka that you need to take into consideration. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
