Japan's producer price inflation in April was positive for the 35th consecutive month. The Nikkei 225 Stock Average and the Topix erased early April losses after the U.S. launched a tariff war.
China and Hong Kong stock market indexes rebounded after JD.com reported a sharp rise in revenue and earnings in the first quarter. China's e-commerce companies are accelerating their push to attract export-driven companies to sell in the domestic market.
The Nikkei 225 Stock Average and Topix rebounded, tracking overnight gains on Wall Street after the U.S. and China halted the implementation of the previously announced sky-high tariffs.
China and Hong Kong stock market indexes turned lower amid fading hopes of additional stimulus measures and ongoing uncertainty about the U.S. trade agreement.
Japan's current account surplus rose to a record high for the second consecutive financial year 2024, driven by a rise in primary income and international trade surplus.
China and Hong Kong stock market indexes advanced after the U.S. and China trade talks negotiators sent positive signals in their public statements. However, the two sides are poles apart in their expectations, and an agreement is less likely in the imminent future.
Japan's stock market indexes extended gains for the fifth consecutive week after nominal household spending and wages advanced in March. Inflation-adjusted spending declined for the second consecutive month amid rising food prices.
Japan and the U.S. remain far apart on trade barriers and tariff levels, and trade negotiations are likely to yield few agreements before the June deadline.
China stocks advanced for the sixth consecutive session after the PBOC and Chinese regulators announced technical measures to shore up liquidity and investor confidence. Auntea Jenny soared on the first day of trading on the Hong Kong Stock Exchange.
Japan's service sector activities picked up pace at the start of the second quarter, driven by a surge in sales and an increase in new orders. U.S.-Japan trade talks stalled, but negotiators held out for a possible agreement before the June deadline.
The People's Bank of China and the China Securities Regulatory Commission announced additional measures to stabilize financial markets and support economic expansion. The U.S. and China are set to start their tariff-linked talks later in the week in Switzerland.
China stock market indexes advanced after investors returned from Labor Day holidays and U.S. legislators intensified their push against China's industrial espionage, human rights abuses, and international trade.
The Nikkei 225 Stock Average registered a weekly rise of 3.4% and extended gains for the third consecutive week and erased losses induced by the U.S.-led tariff war.
