Japanese market notably higher
The Japanese stock market is trading notably higher on Friday after briefly being in the red in early trades, recouping some of the sharp losses in the previous session, with the benchmark Nikkei 225 just above the 28,900 level, following the mixed cues overnight from Wall Street, as traders reacted to upbeat manufacturing and services PMI data. Traders are also upbeat after a sharp drop in coronavirus infection rates has led to the gradual reopening of the nation’s economy with Tokyo and Osaka lifting curfews. The benchmark Nikkei 225 Index is gaining 197.16 points or 0.69 percent to 28,905.74, after touching a high of 28,989.50 and a low of 28,546.57 earlier. Japanese shares closed sharply lower on Thursday. Market heavyweight SoftBank Group is gaining almost 2 percent and Uniqlo operator Fast Retailing is flat. Among automakers, Honda is adding almost 1 percent and Toyota is edging up 0.5 percent. In the tech space, Advantest is gaining almost 2 percent, Tokyo Electron is adding more than 4 percent and Screen Holdings are up almost 5 percent.
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Sensex down 102 points
Benchmark indices fell for the fourth day in a row amid volatility after a positive opening on Friday. Sensex closed 102 points lower while Nifty slipped 0.4percent. Banks and financials gained, while IT and metals dragged. Indian equity markets ended lower for the fourth day in a row in a choppy session even as indices opened firm on Friday. While banks and financials, and realty stocks rose, IT, pharma, and metal dragged. Sensex hit a high of 61,420 and a low of 60,551 intraday. ITC and Infosys were the biggest laggards on Friday.
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Nintendo, two others to join Nikkei 225 global exposure 50 index
Nikkei Inc. announced Friday that it will add Nexon, Murata Manufacturing and Nintendo to the Nikkei 225 Global Exposure 50 Index on Oct. 29 in a regular reshuffle of the index. The announcement came after Murata Manufacturing and Nintendo were added to the Nikkei Stock Average, or Nikkei 225 on Oct. 1, following a regular review based on new selection rules. Nexon had already been added to the 225-issue index on Oct. 29, 2020. Nikkei will also carry out a regular reshuffle of the Nikkei 225 Domestic Exposure 50 Index. Sumitomo Mitsui Trust Holdings and Matsui Securities will be added to the index on Oct. 29.
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CAC 40 rallies as Evergrande concerns ease
French stocks opened higher on Friday as China Evergrande Group reportedly supplied funds to pay interest on a U.S. dollar bond, helping ease contagion fears. Strong earnings from L’Oreal also boosted sentiment. The benchmark CAC 40 jumped 75 points, or 1.1 percent, to 6,762 after closing 0.3 percent lower the previous day. Investors shrugged off the results of a survey showing that France’s private sector grew at the slowest pace in six months in October. IHS Markit said its composite output index fell to 54.7 in October, as economists’ expected, from 55.3 in September.
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Miners pull London’s FTSE 100 lower; Unilever gains
London’s FTSE 100 index fell on Thursday, as miners dropped due to rising troubles in China’s property sector and investors fretted about rate-hike prospects, while Unilever was among the top gainers after posting strong quarterly sales growth.
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S&P 500 hits record high amid upbeat third-quarter earnings
The S&P 500 closed at a record high Thursday, a day after the Dow Jones Industrial Average briefly set a new intraday record, as the stock market rallied on the back of positive third-quarter earnings reports from corporate America. The S&P 500 rose 0.3 percent, closing at an all-time high of 4,549 points, while the Dow was nearly flat and the Nasdaq gained 0.6 percent in a mixed day of trading. It was the seventh straight day of gains for the S&P 500 index, which is now up around 5 percent so far this month. The market has mounted a comeback in October as corporate profits have proved resilient despite rising costs: Through Wednesday, some 84 percent of S&P 500 companies that have reported earnings topped estimates, according to data from Refinitiv.
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NASDAQ composite index closes at 15,215.70 up 94.02 points
Thursday’s session closes with the NASDAQ Composite Index at 15,215.70. The total shares traded for the NASDAQ was over 8.28 billion. Advancers stocks led declining by 1.01 to 1 ratio. There were 2351 advancers and 2330 decliners for the day. On the NASDAQ Stock Exchange 96 stocks reached a 52 week high and 43 those reaching lows totaled. The most active, advancers, decliners, unusual volume and most active by dollar volume can be monitored intraday on theMost Active Stocks page. The NASDAQ 100 index closed up .66 percent for the day; a total of 100.88 points. The current value is 15,489.59.