Asian markets showed mixed results amid global economic uncertainty, with Japan's Nikkei rising 0.8% and the Topix up 1.0%, driven by a weak yen. In contrast, China's Shanghai index fell 0.3% as investor sentiment remained fragile due to fears of a potential tariff war linked to US policies. Notably, Tokyo Electron surged 6.45%.
The SMI closed lower, with Novartis, Roche, and Nestlé experiencing losses, while Wall Street showed positive momentum and cryptocurrencies gained. In individual stocks, TDK surged 7% after raising its profit forecast, Nomura Holdings climbed 8% following a significant quarterly profit increase, and Sanrio's shares rose 14% after boosting its net profit outlook. Despite these gains, caution prevails among investors ahead of the US presidential election, contributing to high volatility in the Nikkei.
Wall Street showed positive momentum, while the Swiss stock market faced losses, with major companies like Novartis, Roche, and Nestlé declining. In Japan, TDK surged 7% after raising its profit forecast, and Nomura Holdings climbed 8% following a significant quarterly profit increase. Despite these gains, investor caution prevails ahead of the US presidential election, contributing to high volatility in the Nikkei.
The SMI closed lower while Roche's share price surged, and Kühne+Nagel hit an annual low following disappointing figures. In Asia, investors are cautious ahead of the US presidential election, with the Shanghai index up 0.5% and Tokyo's Nikkei down 0.3%, as political uncertainty weighs on market sentiment. Automakers like Toyota and Honda saw gains, benefiting from a weaker yen, but overall investment activity remains subdued as traders await election outcomes.
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