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

Hang Seng, Nifty lead Asian markets higher on Monday

by May 12, 2025
by May 12, 2025
Asian markets soar

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
US, China strike trade deal: key tariffs reduced, but some remain
next post
Free ride: Allies, even Laura Loomer, turn on President Trump for accepting luxury jet from Qatar

Related Posts

Asian markets close: Nikkei, Kospi down; Sensex closes...

May 19, 2025

Qualcomm unveils AI chips for data centres with...

May 19, 2025

Best crypto to buy now: Bitcoin Pepe leads...

May 19, 2025

JPMorgan cuts Netflix rating, citing balanced risk-reward post-rally;...

May 19, 2025

Bitcoin ETF open interest dips 5% to $29.47B...

May 19, 2025

US stocks slip in the red on Monday:...

May 19, 2025

Why this brokerage downgraded UnitedHealth’s rating to ‘hold’

May 19, 2025

Should Klarna IPO remain on watch list after...

May 19, 2025

Nvidia opens NVLink Fusion ecosystem, expands Taiwan AI...

May 19, 2025

Cathie Wood says Trump’s tariffs could unlock tech...

May 19, 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

  • The Steep Price of Declining Civility

    June 2, 2025
  • China’s ‘Vanishing’ Data Can’t Hide Its Economic Slowdown

    June 2, 2025
  • Is the ABA’s Accreditation Monopoly Coming to an End?

    June 2, 2025
  • Kinéis launches its services and expands in Asia with WMG Limited

    June 2, 2025
  • The Steep Price of Declining Civility

    June 2, 2025
  • China’s ‘Vanishing’ Data Can’t Hide Its Economic Slowdown

    June 2, 2025

Editors’ Picks

  • 1

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

    February 20, 2025
  • 2

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

    February 21, 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

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

    February 23, 2025
  • 6

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

    March 1, 2025
  • 7

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

    March 1, 2025

Categories

  • Economy (1,316)
  • Editor's Pick (136)
  • Investing (165)
  • Stock (845)
  • 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

Asia markets close: Nikkei rallies, China slips...

May 9, 2025

Tesla stock jumps 3.4% in premarket trading...

March 3, 2025

How crazy popcorn buckets became big business...

February 20, 2025