Asian stocks rose for a third day, buoyed by advances in Japan and Hong Kong, in an extension of a recent shift toward non-US assets amid uncertainties unleashed by Donald Trump. Hong Kong equity benchmarks gained about 2%, boosted by BYD Co. shares at a record after it unveiled a new charging system for electric cars. Japanese gauges were up more than 1% after Berkshire Hathaway Inc. increased its stakes in the country’s biggest trading houses, underscoring expectations of longer-term growth prospects. As US stocks tipped into a correction earlier, global investors are hunting for opportunities elsewhere with Chinese and Japanese equities among the beneficiaries in recent weeks. A pivot by China toward stoking domestic consumption with Monday’s briefing, which would make the economy less vulnerable to tariffs, is helping to fuel a re-balancing. Gold climbed to touch a fresh all-time high above $3,000 an ounce. US assets traded in a tight range with the yield on 10-year Treasuries slipping by one basis point while the Bloomberg Dollar Index gained by 0.2%. US equity futures retreated in Asia after the S&P 500 Index closed up 0.6%. China’s world-beating stock rally may get a fresh catalyst from a slew of tech earnings, with Xiaomi Corp. and Tencent Holdings Ltd. set to report this week. BYD’s tech advancement also reinforces a narrative of the global competitiveness of Chinese companies. President Trump said Chinese leader Xi Jinping would visit Washington soon, amid brewing trade tensions between the world’s two largest economies. In Japan, financial stocks also gained along with elevated yields ahead of the Bank of Japan’s decision on Wednesday. The central bank is expected to keep the policy rate at 0.5%, according to economists surveyed by Bloomberg. The yen dropped for a third day, inching toward the 150 mark again. US retail sales rose by less than forecast in February and the prior month was revised lower. However, the so-called control-group sales — which feed into the government’s calculation of goods spending for gross domestic product — increased 1% last month, reversing the previous drop. A sense of wait-and-see may emerge from policymakers this week, in their first assessment of how Trump’s trade policies are impacting the economy. With Fed officials expected to hold rates steady on Wednesday, the market will focus on officials’ updated economic projections and Chair Jerome Powell’s press conference for clues on the path ahead. In commodities, oil rose for a third day as escalating tensions in the Middle East overshadowed concerns about a potential global glut. US After Hours HROW +16.9% up big on earnings; STLD -0.9% ticks lower following lowered Q1 EPS guidance.
Nikkei +1.20% Hang Seng +2.08% CSI +0.25% Shanghai +0.07% Shenzen +0.42%
Eur$ 1.0910 CNH 7.2350 CNY 7.2336 JPY 149.66 GBP 1.2975 CHF 0.8811 RUB 83.5947 TRY 36.6571 WTI$ 67.74 Gold 3,011 +0.37% BTC 83,145 -0.92% ETH 1,905 -1.50%
S&P -0.23% Nasdaq -0.32% EuroStoxx +0.52% FTSE +0.32% Dax +0.59% SMI +0.24% MIB +0.39%
Macro :
- Israel Ends Gaza Truce With Strikes, Blaming Hamas For Breakdown
- LGIM Takes Out Long Position in Swiss Franc Versus Swedish Krona
- LGIM Takes Out Long Position in Swiss Franc Versus Swedish Krona
- German Lawmakers Vote on Landmark Spending Bill: What to Watch
- HSBC Upgrades China’s 2025 GDP Growth Forecast to 4.8% From 4.5%
- Saudi Fund Broadens Quest for Cash to Meet MBS’ Spending Goals
- Watch European Defense Stocks on German Spending, Israel Strikes
Keep an eye on :
Keep an eye on :
- ADP FP : ADP Feb. Passenger Traffic +6.2%
- AEGN GA : Aegean Air FY Revenue Meets Estimates
- GOOGL US : Alphabet in Talks to Buy Startup Wiz for $30 Billion, WSJ Says
- GOOGL US : Waymo Approved to Operate Fully Autonomously in More CA Areas
- ALV GY : Allianz to Sell 26% Stake in Indian Insurance JVS for ~€2.6B
- ANIM IM : Syquant Capital Holds 5.003% in Anima, Consob Says
- ASCN SW : Ascom Hit by Cyberattack, Ticketing System Impacted
- BSGR NA : B&S Group FY Ebitda Meets Estimates
- BA/ LN : KNDS, BAE Systems Looking at Iveco Defense Unit: Corriere
- BIOAB SS : Bioarctic Gets US FDA Orphan Drug Status for Exidavnemab in MSA
- BOL FP : Bollore FY Net Income EU1.82B Vs. EU268M Y/y
- BOL FP : Bollore FY Net Income EU1.82B Vs. EU268M Y/y
- BT/ LN : Indian Billionaire Mittal Considering Increasing Stake in BT: FT
- BN CN :Carney Held Options Worth $6.8 Million Before Exiting Brookfield
- 1211 HK : BYD Shares Jump to Record on Five-Minute EV Battery Charging
- Dolce & Gabbana : Dolce & Gabbana Looks Beyond Fashion to Safeguard Independence
- EXENS FP : Exosens Holders Offer Shares for About €100m: Terms, *EXOSENS OFFERING PRICES AT EU31/SHARE: TERMS
- FRA GY : Fraport FY Ebitda Meets Estimates
- INS GY : Instone Real Estate Sees 2025 Adjusted Revenue EU500M to EU600M
- ITP FP : Interparfums Buys the Goutal Brand
- BAER SW : Julius Baer to Set up Branch in Milan to Open in 1H 2025
- MED SW : Medartis Sees 2025 Revenue +13% to +15%
- MSTR US : Strategy Buys More Bitcoin After Preferred Sale: Financials Wrap
- NANO FP : Strengthens Financial Position Through Amendment of Global Licensing Agreement for JNJ-1900 (NBTXR3)
- PEUG FP : Peugeot Invest Has Initiated Sale of About 2.5% of Spie
- SAABB SS : Colombia Rebuffs Claim US Tried to Stop Gripen Deal, SR Reports
- SPIE FP : Peugeot Invest Has Initiated Sale of About 2.5% of Spie, Spie Offering by Holder Peugeot Invest Prices at EU38.80/Share (-5%)
- STADA IPO : Drugmaker Stada Is Said to Postpone €1.5 Billion-Plus IPO (1)
- VOW GY : Audi to Reduce 7,500 Positions Until 2029, Invest €8 Billion