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Business Times
4 days ago
- Business
- Business Times
Asia: Stocks mixed before US-Russia summit
ASIAN stocks were mixed Friday after better-than-expected Japanese growth and weak Chinese data, while oil slipped back ahead of a US-Russia summit on Ukraine. On Thursday Wall Street finished little changed as strong wholesale inflation data tempered optimism about the US Federal Reserve cutting interest rates. A quarter-point cut is still expected but a larger half-point rate cut is likely 'off the table', said Jack Ablin of Cresset Capital Management. Intel surged 7.4 per cent following a Bloomberg News report that US President Donald Trump is considering an investment in the beleaguered chip company in exchange for a government stake. Japan's economy grew 0.3 per cent in the three months to June, while output for the previous period was revised upwards, averting a possible technical recession for the world's number four economy. The expansion came despite tariffs imposed by Trump on Japanese imports, including on cars - an industry accounting for eight per cent of Japanese jobs. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up In morning trade in Asia, the Nikkei was up almost one per cent while Shanghai, Seoul and Sydney also moved higher. But Hong Kong's Hang Seng fell for the second straight day after Chinese retail sales and industrial production grew at a slower rate than expected last month. A long-term crisis in the real estate sector and high youth unemployment have been weighing on Chinese consumer sentiment for several years. The situation has worsened with the heightened turmoil sparked by Trump's trade war. Oil prices dipped, reversing gains on Thursday ahead of Trump's Alaska summit with Russian President Vladimir Putin on ending the Ukraine war. Oil traders are worried 'that if the meeting doesn't go well, we'll see stronger sanctions on Russian oil thereby depriving the world of or making it much difficult for this oil to get to the market', said Stephen Schork of the Schork Group. AFP
Yahoo
4 days ago
- Business
- Yahoo
Asia stocks mixed before US-Russia summit
Asian stocks were mixed Friday after better-than-expected Japanese growth and weak Chinese data, while oil slipped back ahead of a US-Russia summit on Ukraine. On Thursday Wall Street finished little changed as strong wholesale inflation data tempered optimism about the US Federal Reserve cutting interest rates. A quarter-point cut is still expected but a larger half-point rate cut is likely "off the table", said Jack Ablin of Cresset Capital Management. Intel surged 7.4 percent following a Bloomberg News report that US President Donald Trump is considering an investment in the beleaguered chip company in exchange for a government stake. Japan's economy grew 0.3 percent in the three months to June, while output for the previous period was revised upwards, averting a possible technical recession for the world's number four economy. The expansion came despite tariffs imposed by Trump on Japanese imports, including on cars -- an industry accounting for eight percent of Japanese jobs. In morning trade in Asia, the Nikkei was up almost one percent while Shanghai, Seoul and Sydney also moved higher. But Hong Kong's Hang Seng fell for the second straight day after Chinese retail sales and industrial production grew at a slower rate than expected last month. A long-term crisis in the real estate sector and high youth unemployment have been weighing on Chinese consumer sentiment for several years. The situation has worsened with the heightened turmoil sparked by Trump's trade war. Oil prices dipped, reversing gains on Thursday ahead of Trump's Alaska summit with Russian President Vladimir Putin on ending the Ukraine war. Oil traders are worried "that if the meeting doesn't go well, we'll see stronger sanctions on Russian oil thereby depriving the world of or making it much difficult for this oil to get to the market", said Stephen Schork of the Schork Group. - Key figures at around 0230 GMT - Tokyo - Nikkei 225: UP 0.9 percent at 43,036.46 Hong Kong - Hang Seng Index: DOWN 1.1 percent at 25,236.62 Shanghai - Composite: UP 0.3 percent at 3,675.05 Euro/dollar: UP at $1.1658 from $1.1657 on Thursday Pound/dollar: UP at $1.3543 from $1.3535 Dollar/yen: DOWN at 147.28 yen from 147.76 Euro/pound: UP at 86.06 pence from 86.05 pence West Texas Intermediate: DOWN 0.2 percent at $63.84 per barrel Brent North Sea Crude: DOWN 0.1 percent at $66.76 per barrel New York - Dow: DOWN less than 0.1 percent at 44,911.26 (close) London - FTSE 100: UP 0.1 percent at 9,177.24 (close) burs-stu/dhc Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Int'l Business Times
4 days ago
- Business
- Int'l Business Times
Asia Stocks Mixed Before US-Russia Summit
Asian stocks were mixed Friday after better-than-expected Japanese growth and weak Chinese data, while oil slipped back ahead of a US-Russia summit on Ukraine. On Thursday Wall Street finished little changed as strong wholesale inflation data tempered optimism about the US Federal Reserve cutting interest rates. A quarter-point cut is still expected but a larger half-point rate cut is likely "off the table", said Jack Ablin of Cresset Capital Management. Intel surged 7.4 percent following a Bloomberg News report that US President Donald Trump is considering an investment in the beleaguered chip company in exchange for a government stake. Japan's economy grew 0.3 percent in the three months to June, while output for the previous period was revised upwards, averting a possible technical recession for the world's number four economy. The expansion came despite tariffs imposed by Trump on Japanese imports, including on cars -- an industry accounting for eight percent of Japanese jobs. In morning trade in Asia, the Nikkei was up almost one percent while Shanghai, Seoul and Sydney also moved higher. But Hong Kong's Hang Seng fell for the second straight day after Chinese retail sales and industrial production grew at a slower rate than expected last month. A long-term crisis in the real estate sector and high youth unemployment have been weighing on Chinese consumer sentiment for several years. The situation has worsened with the heightened turmoil sparked by Trump's trade war. Oil prices dipped, reversing gains on Thursday ahead of Trump's Alaska summit with Russian President Vladimir Putin on ending the Ukraine war. Oil traders are worried "that if the meeting doesn't go well, we'll see stronger sanctions on Russian oil thereby depriving the world of or making it much difficult for this oil to get to the market", said Stephen Schork of the Schork Group. Tokyo - Nikkei 225: UP 0.9 percent at 43,036.46 Hong Kong - Hang Seng Index: DOWN 1.1 percent at 25,236.62 Shanghai - Composite: UP 0.3 percent at 3,675.05 Euro/dollar: UP at $1.1658 from $1.1657 on Thursday Pound/dollar: UP at $1.3543 from $1.3535 Dollar/yen: DOWN at 147.28 yen from 147.76 Euro/pound: UP at 86.06 pence from 86.05 pence West Texas Intermediate: DOWN 0.2 percent at $63.84 per barrel Brent North Sea Crude: DOWN 0.1 percent at $66.76 per barrel New York - Dow: DOWN less than 0.1 percent at 44,911.26 (close) London - FTSE 100: UP 0.1 percent at 9,177.24 (close)
Economic Times
4 days ago
- Business
- Economic Times
Asian stocks trade mixed ahead of US-Russia summit
Asian stocks were mixed Friday after better-than-expected Japanese growth and weak Chinese data, while oil slipped back ahead of a US-Russia summit on Ukraine. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Asian stocks were mixed Friday after better-than-expected Japanese growth and weak Chinese data, while oil slipped back ahead of a US-Russia summit on Thursday Wall Street finished little changed as strong wholesale inflation data tempered optimism about the US Federal Reserve cutting interest rates.A quarter-point cut is still expected but a larger half-point rate cut is likely "off the table", said Jack Ablin of Cresset Capital surged 7.4 percent following a Bloomberg News report that US President Donald Trump is considering an investment in the beleaguered chip company in exchange for a government economy grew 0.3 percent in the three months to June, while output for the previous period was revised upwards, averting a possible technical recession for the world's number four expansion came despite tariffs imposed by Trump on Japanese imports, including on cars -- an industry accounting for eight percent of Japanese morning trade in Asia, the Nikkei was up almost one percent while Shanghai, Seoul and Sydney also moved Hong Kong's Hang Seng fell for the second straight day after Chinese retail sales and industrial production grew at a slower rate than expected last month.A long-term crisis in the real estate sector and high youth unemployment have been weighing on Chinese consumer sentiment for several situation has worsened with the heightened turmoil sparked by Trump's trade prices dipped, reversing gains on Thursday ahead of Trump's Alaska summit with Russian President Vladimir Putin on ending the Ukraine traders are worried "that if the meeting doesn't go well, we'll see stronger sanctions on Russian oil thereby depriving the world of or making it much difficult for this oil to get to the market", said Stephen Schork of the Schork - Nikkei 225: UP 0.9 percent at 43,036.46Hong Kong - Hang Seng Index: DOWN 1.1 percent at 25,236.62Shanghai - Composite: UP 0.3 percent at 3,675.05Euro/dollar: UP at $1.1658 from $1.1657 on ThursdayPound/dollar: UP at $1.3543 from $1.3535Dollar/yen: DOWN at 147.28 yen from 147.76Euro/pound: UP at 86.06 pence from 86.05 penceWest Texas Intermediate: DOWN 0.2 percent at $63.84 per barrelBrent North Sea Crude: DOWN 0.1 percent at $66.76 per barrelNew York - Dow: DOWN less than 0.1 percent at 44,911.26 (close)London - FTSE 100: UP 0.1 percent at 9,177.24 (close)
Time of India
4 days ago
- Business
- Time of India
Asian stocks trade mixed ahead of US-Russia summit
Asian stocks were mixed Friday after better-than-expected Japanese growth and weak Chinese data, while oil slipped back ahead of a US-Russia summit on Ukraine. On Thursday Wall Street finished little changed as strong wholesale inflation data tempered optimism about the US Federal Reserve cutting interest rates. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Top 15 Most Beautiful Women in the World Undo A quarter-point cut is still expected but a larger half-point rate cut is likely "off the table", said Jack Ablin of Cresset Capital Management. Intel surged 7.4 percent following a Bloomberg News report that US President Donald Trump is considering an investment in the beleaguered chip company in exchange for a government stake. Japan's economy grew 0.3 percent in the three months to June, while output for the previous period was revised upwards, averting a possible technical recession for the world's number four economy. Live Events The expansion came despite tariffs imposed by Trump on Japanese imports, including on cars -- an industry accounting for eight percent of Japanese jobs. In morning trade in Asia, the Nikkei was up almost one percent while Shanghai, Seoul and Sydney also moved higher. But Hong Kong's Hang Seng fell for the second straight day after Chinese retail sales and industrial production grew at a slower rate than expected last month. A long-term crisis in the real estate sector and high youth unemployment have been weighing on Chinese consumer sentiment for several years. The situation has worsened with the heightened turmoil sparked by Trump's trade war. Oil prices dipped, reversing gains on Thursday ahead of Trump's Alaska summit with Russian President Vladimir Putin on ending the Ukraine war. Oil traders are worried "that if the meeting doesn't go well, we'll see stronger sanctions on Russian oil thereby depriving the world of or making it much difficult for this oil to get to the market", said Stephen Schork of the Schork Group. - Key figures at around 0230 GMT - Tokyo - Nikkei 225: UP 0.9 percent at 43,036.46 Hong Kong - Hang Seng Index: DOWN 1.1 percent at 25,236.62 Shanghai - Composite: UP 0.3 percent at 3,675.05 Euro/dollar: UP at $1.1658 from $1.1657 on Thursday Pound/dollar: UP at $1.3543 from $1.3535 Dollar/yen: DOWN at 147.28 yen from 147.76 Euro/pound: UP at 86.06 pence from 86.05 pence West Texas Intermediate: DOWN 0.2 percent at $63.84 per barrel Brent North Sea Crude: DOWN 0.1 percent at $66.76 per barrel New York - Dow: DOWN less than 0.1 percent at 44,911.26 (close) London - FTSE 100: UP 0.1 percent at 9,177.24 (close)
