American Invest Hub
  • Politics
  • Investing
  • Business
  • Latest News

American Invest Hub

  • Politics
  • Investing
  • Business
  • Latest News
Business

Asia markets mixed as Wall Street slides; Japan’s Nikkei drops, Hang Seng rallies

by admin February 26, 2025
February 26, 2025
Asia markets mixed as Wall Street slides; Japan’s Nikkei drops, Hang Seng rallies

Asia-Pacific markets traded mixed on Wednesday as investors reacted to overnight losses on Wall Street, driven by weak US consumer confidence data and a pullback in tech stocks.

Japan’s Nikkei 225 and Australia’s ASX 200 extended their losing streaks, while Hong Kong’s Hang Seng index surged on optimism ahead of the city’s budget announcement.

Japan and Australia decline; South Korea and China edge higher

Japan’s benchmark Nikkei 225 fell for a second straight session, dropping 1.09%, while the Topix index declined 0.99%, as investors assessed global economic concerns.

In Australia, the S&P/ASX 200 slipped 0.26%, weighed down by persistent inflation worries.

The country’s consumer price index rose 2.5% year-on-year in January, aligning with market expectations and reinforcing cautious sentiment.

Meanwhile, South Korea’s Kospi inched up 0.11%, with the Kosdaq rising 0.52%, while China’s CSI 300 opened 0.16% higher.

Hong Kong’s Hang Seng index led regional gains, climbing 1.71% ahead of the government’s 2025-2026 budget announcement.

Wall Street downturn weighs on sentiment

Overnight, US stocks retreated as investors fretted over slowing economic growth and the Federal Reserve’s monetary policy outlook.

The S&P 500 fell 0.47%, marking its fourth straight losing session, while the Nasdaq Composite plunged 1.35%, dragged down by a 2.8% drop in Nvidia’s shares.

The Dow Jones Industrial Average, however, bucked the trend, rising 0.37%.

The broader sell-off in tech stocks continued, with the “Magnificent Seven” mega-cap tech stocks slumping 3%, pacing for their worst session since December 2024.

Among individual stocks, Palantir shares slid 4% on Tuesday, extending last week’s 15% decline, after the company announced a stock sale plan by CEO Alex Karp and concerns emerged over potential defense budget cuts.

Treasury yields slide; dollar dips, oil and gold rebound

US Treasury yields continued their decline on Wednesday as growing expectations of Federal Reserve rate cuts pressured the market.

The benchmark 10-year yield slipped to a more than two-month low of 4.2830%, while the two-year yield edged down by 1 basis point to 4.0860%.

The weaker yields weighed on the dollar, particularly against the yen.

The greenback dipped 0.13% to 148.81 yen after hitting a four-month low in the previous session.

Meanwhile, the euro hovered near a one-month high at $1.0522, and the British pound remained close to a two-month peak, last trading at $1.2675.

In commodities, Brent crude rebounded 0.34% to $73.27 per barrel, recovering some ground after a sharp 2% drop in the prior session.

US West Texas Intermediate (WTI) crude followed suit, rising 0.36% to $69.18 per barrel after Tuesday’s 2.5% slump.

Gold also saw modest gains, edging up 0.1% to $2,918.50 an ounce as investors sought safety amid economic uncertainty.

The post Asia markets mixed as Wall Street slides; Japan’s Nikkei drops, Hang Seng rallies appeared first on Invezz

0
FacebookTwitterGoogle +Pinterest
previous post
Avoid the QQQ ETF, buy this Nasdaq 100 ETF alternative instead
next post
Germany’s election shock: Key results, implications, and what’s next

Related Posts

Germany’s business confidence looks up in October, ifo...

October 25, 2024

Dow tumbles 475 points, S&P 500 suffers worst...

April 15, 2024

Ripple effect? Northvolt crisis drives record bankruptcy surge...

November 1, 2024

Asian markets close: Nikkei flat as Japan’s GDP...

May 16, 2025

Compass stock price soared, but a risky chart...

January 16, 2025

Walmart-backed fintech One introduces buy now, pay later...

April 26, 2024

Sagility India stock soars: what’s driving the rally?

January 5, 2025

JEPI ETF put to the ultimate test: is...

April 9, 2025

Amazon owes $525 million in cloud-storage patent fight,...

April 17, 2024

H&M shares slide 8% on Q3 profit miss...

September 26, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest News

    • How Donald Trump’s immigration crackdown may tank the labor market

      August 4, 2025
    • Trump’s tariff threat looms over India’s Russian oil deals

      August 4, 2025
    • Trump moves nuclear submarines near Russia: what triggered the move and what’s ahead

      August 3, 2025
    • BOE rate cuts offer little relief as UK households face mounting financial strain

      August 3, 2025
    • Retail investors shift focus to Europe as US valuations stretch

      August 3, 2025

    Categories

    • Business (3,583)
    • Investing (2,703)
    • Latest News (2,031)
    • Politics (1,530)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: americaninvesthub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 americaninvesthub.com | All Rights Reserved