• Investing
  • Stock
  • Economy
  • Editor’s Pick
Portfolio Performance Today
Stock

Hang Seng, Nifty lead Asian markets higher on Monday

by May 12, 2025
by May 12, 2025

Asian equities advanced on Monday as investors welcomed signs of easing tensions between the US and China following trade talks over the weekend.

A meeting in Geneva between officials from both countries led to commitments to continue negotiations.

China and Hong Kong stocks lead regional gains

China’s Shanghai Composite Index rose 0.82% to 3,369.24 after Vice Premier He Lifeng said both sides had agreed to establish a consultation mechanism to address ongoing trade and economic matters.

Hong Kong stocks outperformed, with the Hang Seng Index surging 3% and the Hang Seng Tech Index climbing 5.2%.

Alibaba led the rally with gains of more than 6%. Shares in BYD Electronic and Sunny Optical Technology each jumped over 13%, while Lenovo and XPeng rose more than 9%.

Both Hang Seng indices have now erased losses sustained since the steep “Liberation Day” tariffs were announced by President Donald Trump on April 2.

Indian equities rocket

Indian equity benchmarks surged sharply on Monday, driven by easing border tensions between India and Pakistan and notable progress in trade negotiations between the US and China.

The Sensex ended the session higher by 2,975.43 points, or 3.74%, at 82,429.90, while the Nifty rallied 916.70 points, or 3.82%, to close at 24,924.70.

In percentage terms, it marked the second-strongest single-day gain for both indices in four years, surpassed only by the rally on February 1, 2021, when benchmarks jumped more than 4.7%.

The rally was broad-based. All sectoral indices ended in positive territory, with notable strength seen in IT, financials, and consumer-facing sectors.

The BSE Midcap index rose 3.8%, while the Smallcap index outperformed with a 4% gain.

Top gainers on the Nifty included Infosys, Adani Enterprises, Shriram Finance, Trent, and HCL Technologies.

Japanese equities edge higher

Japanese markets registered modest gains on optimism around U.S.-China relations.

The Nikkei rose 0.38% to 37,644.26 and the Topix added 0.31% to 2,742.08. Gains in broader markets were tempered by corporate updates.

Panasonic Holdings fell nearly 2% after announcing plans to cut 10,000 jobs and take restructuring charges of ¥130 billion (about $896 million) this fiscal year.

Nippon Steel slumped 3.8% after projecting a 43% decline in net profit for the year ending March 2026.

Other regional markets

The Kospi in Seoul gained 1.17% to close at 2,607.33, supported by strength in technology and automobile shares.

SK Hynix, Hyundai Motor, Kia Corp, and Samsung Electronics all rose between 3% and 5%.

Australian stocks gave up early gains to end marginally higher. The S&P/ASX 200 edged up 0.07% to 8,197.60.

US markets on Friday

Wall Street closed out Friday on a quiet note, with major indices finishing narrowly mixed.

The Nasdaq edged up less than 0.1% to 17,928.92, while the S&P 500 dipped 0.1% to 5,659.91. The Dow lost 0.3% to close at 41,249.38.

For the week, the S&P 500 declined 0.5%, the Nasdaq lost 0.3%, and the Dow shed 0.2%.

Hopes for progress in US-China trade talks lifted early sentiment, with Bloomberg reporting that US officials aimed to reduce tariffs on Chinese imports to below 60%.

However, President Trump reiterated his preference for an 80% rate, capping enthusiasm.

The post Hang Seng, Nifty lead Asian markets higher on Monday appeared first on Invezz

0 comment
0
FacebookTwitterPinterestEmail

previous post
Hamas claims it will release American hostage Edan Alexander
next post
Top Dow Jones catalysts as the Fear and Greed Index surges

Related Posts

Nissan shares slump 6% after Mercedes-Benz stake sale...

August 26, 2025

Papa John’s to re-enter India in October with...

August 26, 2025

Red alert: Lloyds share price could drop soon...

August 26, 2025

Europe markets open: Stocks fall as Trump’s Fed...

August 26, 2025

Will the BT Group share price bull run...

August 26, 2025

Pudgy Penguins to launch Pudgy Party with ‘Early...

August 26, 2025

Bunzl shares surge on strong first-half results, share...

August 26, 2025

The coming Fed pivot: what it means for...

August 26, 2025

Here’s why the GoPro stock price is soaring...

August 26, 2025

Wood Group edges closer to Sidara takeover, London...

August 26, 2025

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.

Recent Posts

  • Mamdani’s Affordability Agenda Will Only Deliver Higher Prices

    August 26, 2025
  • Core vs Headline: What Really Drives Inflation Calculations

    August 26, 2025
  • Why a Teacher Union Exodus Could Be Imminent

    August 26, 2025
  • She Couldn’t Read Her Own Diploma: Why Public Schools Pass Students But Fail Society

    August 26, 2025
  • Digital Matter Celebrates 25 Years of Innovation, Entering Next Chapter of Global Growth as the World Leader in Battery-Powered IoT Asset Tracking

    August 26, 2025
  • Cellular IoT Connectivity Revenue to Exceed $30 Billion Globally in 2030

    August 26, 2025

Editors’ Picks

  • 1

    Meta executives eligible for 200% salary bonus under new pay structure

    February 21, 2025
  • 2

    Walmart earnings preview: What to expect before Thursday’s opening bell

    February 20, 2025
  • 3

    New FBI leader Kash Patel tapped to run ATF as acting director

    February 23, 2025
  • 4

    Anthropic’s newly released Claude 3.7 Sonnet can ‘think’ as long as the user wants before giving an answer

    February 25, 2025
  • 5

    Nvidia’s investment in SoundHound wasn’t all that significant after all

    March 1, 2025
  • 6

    Cramer reveals a sub-sector of technology that can withstand Trump tariffs

    March 1, 2025
  • 7

    Elon Musk says federal employees must fill out productivity reports or resign

    February 23, 2025

Categories

  • Economy (2,330)
  • Editor's Pick (223)
  • Investing (185)
  • Stock (1,573)
  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 Portfolioperformancetoday.com All Rights Reserved.

Portfolio Performance Today
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Portfolio Performance Today
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Copyright © 2025 Portfolioperformancetoday.com All Rights Reserved.

Read alsox

Asian markets open: Nikkei hits record high...

August 12, 2025

Brazil antitrust watchdog probes Microsoft after Opera...

August 2, 2025

China’s push to end oversupply could forge...

July 9, 2025