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

Asian stocks end mostly higher on Thursday: Nikkei up 0.60%, Kospi up 0.2%

by July 17, 2025
by July 17, 2025

Asian equity markets rose broadly on Thursday as investor sentiment improved following US President Donald Trump’s comments downplaying the likelihood of removing Federal Reserve Chairman Jerome Powell.

While he didn’t completely rule it out, Trump said the move was “highly unlikely” unless “he has to leave for fraud.”

China and Hong Kong stay in the green

China’s Shanghai Composite Index advanced 0.37% to 3,516.83 after Citi upgraded China equities, citing improving earnings and structural growth drivers.

The CSI 300 Index also gained 0.2%.

In Hong Kong, the Hang Seng Index gave up early gains to end just 0.1% higher at 24,529.36, after rising as much as 0.6% intraday.

The Hang Seng Tech Index added 0.7%. EV stocks led the advance after Beijing vowed to curb “irrational competition” in the sector, part of a broader push under its “anti-involution” campaign.

Li Auto surged 9.6%, Geely Automobile rose 4.5%, and BYD climbed 1.5%.

Japan rallies ahead of election

Japanese shares posted solid gains ahead of Sunday’s upper house election.

The Nikkei rose 0.60% to 39,901.19 — its highest close in two weeks — while the broader Topix added 0.72% to 2,839.81.

June trade data showed weak exports to the US and China but stronger shipments to the EU, ASEAN, and Russia.

Despite Trump’s remark that the US would likely “live by the letter” on tariffs with Japan, tech stocks led the market higher.

Other regional markets

In South Korea, the Kospi reversed early losses to close 0.19% higher at 3,192.29.

Samsung Electronics jumped 3.1% after the Supreme Court upheld a not-guilty verdict for chairman Jay Y. Lee.

Australia’s S&P/ASX 200 rose 0.90% to 8,639, led by bank stocks, as a surprise uptick in the June unemployment rate to 4.3% fueled speculation of a rate cut by the Reserve Bank of Australia in August.

The All Ordinaries index added 0.84% to 8,890.80.

Indian benchmark indices ended lower on Wednesday, with the Nifty closing just above the 25,100 mark, as weakness in IT and banking stocks weighed on sentiment.

The Sensex declined 375.24 points, or 0.45%, to end at 82,259.24, while the Nifty slipped 100.60 points, or 0.40%, to settle at 25,111.45.

Among the Nifty constituents, Tech Mahindra, IndusInd Bank, Infosys, SBI Life Insurance, and Wipro were the top laggards.

On the other hand, Tata Consumer Products, Tata Steel, Hindalco Industries, Trent, and Mahindra & Mahindra led the gainers.

Sectorally, IT and PSU Bank indices dropped between 0.5% and 1%, while metal, consumer durables, and realty shares posted gains in the same range.

The BSE midcap index ended flat, whereas the smallcap index edged up by 0.25%.

The post Asian stocks end mostly higher on Thursday: Nikkei up 0.60%, Kospi up 0.2% appeared first on Invezz

0 comment
0
FacebookTwitterPinterestEmail

previous post
Congress considers permanent national park fee increase for international visitors
next post
Kolhapuri vs couture: How Prada’s sandal sparked a cultural row in India

Related Posts

Banijay to acquire majority stake in Tipico creating...

October 28, 2025

Cathie Wood warns investors to brace for correction,...

October 28, 2025

European markets open mixed on Tuesday: FTSE opens...

October 28, 2025

Entry and Midnight Foundation launch integration to unite...

October 28, 2025

Elon Musk challenges Wikipedia with Grokipedia, his AI-driven...

October 28, 2025

Novartis shares fall as profit lags estimates; downside...

October 28, 2025

Nio stock price forecast: is it safe to...

October 28, 2025

IBEX 35 Index has soared: top Spanish stocks...

October 27, 2025

Australia commits A$83.5 million to boost cyber resilience...

October 27, 2025

Honda joins India’s clean energy drive with OMC...

October 27, 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

  • Understanding Medicaid

    October 28, 2025
  • Colonel Harwood’s Legacy: The Engineer Who Built an Economic Institution

    October 28, 2025
  • Digi International Announces Digi XBee 3 Global LTE Cat 4 Cellular Modem for IoT Applications

    October 28, 2025
  • Trumponomics Is Pushing Young Voters Into Socialism

    October 28, 2025
  • Banijay to acquire majority stake in Tipico creating a European gaming powerhouse

    October 28, 2025
  • Cathie Wood warns investors to brace for correction, backs this unlikely winner

    October 28, 2025

Editors’ Picks

  • 1

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

    February 21, 2025
  • 2

    Pop Mart reports 188% profit surge, plans aggressive global expansion

    March 26, 2025
  • 3

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

    February 23, 2025
  • 4

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

    February 20, 2025
  • 5

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

    March 1, 2025
  • 6

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

    February 25, 2025
  • 7

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

    March 1, 2025

Categories

  • Economy (3,033)
  • Editor's Pick (297)
  • Investing (185)
  • Stock (2,064)
  • 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

Nvidia backs UK AI sector with $2.7B...

September 19, 2025

Italy flags risks in $2.75T crypto rally...

April 30, 2025

Anora’s Oscar triumph: how the low-budget indie...

March 3, 2025