Stocks struggled in Tokyo ahead of the Bank of Japan's rate decisions on Friday. The yen dropped to a new 34-year low and fell below the 155 mark against the U.S. dollar. Canon's earnings fell short of market expectations.
China indexes advanced in the hopes that quarterly results would exceed lowered expectations amid fragile economic recovery, weak consumer sentiment, and protracted property market malaise.
Benchmark indexes in Japan soared more than 2%, tracking gains in tech stocks in overnight trading in New York. The yen hovered near the 34-year low ahead of the Bank of Japan's rate decision later in the week.
Stocks in Shanghai struggled amid weak interest, but market indexes in Hong Kong advanced, tracking gains in tech stocks in overnight trading in New York. Mobvoi plunged 15% in its debut trading, indicating weak investor sentiment for its initial public offering.
Stocks in Japan advanced for the second consecutive session in a row, tracking gains in overnight trading in New York. Honda is nearing an agreement with the Canadian government to build an electric vehicle manufacturing plant.
Stocks in Shanghai edged lower, but market indexes in Hong Kong advanced for the second day in a row. ChaPanda tea store network operator's stock plunged on the first day of trading in Hong Kong's largest public offering so far in 2024.
The Chinese securities regulator announced additional reforms to facilitate the listing of mainland Chinese companies on the Hong Kong Stock Exchange. The People's Bank of China held steady 1-year and 5-year loan prime rates.
The Nikkei 225 index extended its weekly loss to 4.5%, and crude oil prices jumped 4% after the rapid escalation of tensions between Iran and Israel. Semiconductor stocks extended weekly losses to more than 10% following losses in New York trading.
Market indexes in Shanghai and Hong Kong dropped and extended weekly losses after large explosions were confirmed in Iraq, Syria, and near nuclear installations in western Iran.
Market indexes in Tokyo declined for the fourth day in a row amid global interest rate uncertainties. The yen retained a downward bias and hovered near its 34-year low. Tech stocks were among the leading decliners.
Stocks in Shanghai and Hong Kong diverged for the second day in a row ahead of a pick-up in earnings releases. Market sentiment has been cautious after the release of the latest economic data, which confirmed a fragile and uneven economic recovery.
Japan's exports rose for the fourth month in a row, and the trade balance swung to a surplus for the first time in three months. Volume shipments to Asia and the European Union declined.
Market indexes in Shanghai and Hong Kong diverged based on differing interest rate expectations. Electric vehicle makers, banks, and property developers were among the most active stocks on two exchanges.
