Thu, Aug 14 20254:47 AM EDT

Asia-Pacific markets ended the day mixed

Asia-Pacific markets mostly closed lower Thursday.

Hong Kong’s Hang Seng Index dropped by 0.37% to close at 25,519.32, while mainland China’s CSI 300 index was flat at 4,173.31.

Meanwhile, South Korea’s Kospi index closed flat at 3,225.66, while the small-cap Kosdaq ticked up 0.14% to 815.26.

Australia’s S&P/ASX 200 benchmark advanced 0.53% to 8,8738.80, after hitting an intra-day high earlier in the session.

Japan’s Nikkei 225 benchmark declined by 1.45% to end the day at 42,649.26, while the broader Topix index lost 1.1% to 3,057.95.

Over in India, the 50-stock benchmark Nifty 50 was up 0.12%, while the BSE Sensex index ticked up 0.11% as of 1:40 p.m. Indian Standard Time (4:10 a.m. ET).

— Amala Balakrishner

Thu, Aug 14 20253:21 AM EDT

Japan’s Nikkei 225 closes lower

Japan’s Nikkei 225 index closed 1.45% lower at 42,649.26 Thursday, reversing course from the record gains it posted in its previous two sessions.

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Nikkei 225

Thu, Aug 14 20253:16 AM EDT

Australian stocks hit fresh intra-day high

Australia’s benchmark S&P/ASX 200 ended the 0.53% higher at 8,873.80, paring gains from its record intra-day high of 8,891.10 earlier in the session.

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S&P/ASX

Thu, Aug 14 20252:33 AM EDT

Indian stocks trade mostly flat

Indian stocks were little changed near midday.

The 50-stock benchmark Nifty 50 was trading near the flatline, while the BSE Sensex index was up around 0.1% as of 11:48 a.m. Indian Standard time (2:18 a.m. ET).

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Nifty 50 Index

Wed, Aug 13 202510:03 PM EDT

Australia unemployment rate eases to 4.2% in July

Australia’s unemployment rate eased to 4.2% on a seasonally-adjusted basis in July, in line with estimates of economists polled by Reuters.

The reading was lower than the 4.3% recorded in June, data released by the Australian Bureau of Statistics on Thursday showed.

Meanwhile, the number of employed individuals rose by 24,500 in July, from a revised increase of 1,000 the month before.

That latest reading still missed market forecasts of a 25,000 increase, according to Reuters poll data.

The Australian dollar rose as much as 0.32% to $0.6564, the highest since July 28, after the jobs data release.

— Amala Balakrishner, Nur Hikmah Md Ali

Wed, Aug 13 20259:35 PM EDT

China and Hong Kong stocks open mixed

Chinese and Hong Kong stocks traded mixed Thursday. 

As of 9:32 a.m. local time (9:32 p.m. ET Wednesday), the Hang Seng Index rose 0.58%, while mainland’s CSI 300 was flat.

— Nur Hikmah Md Ali

Wed, Aug 13 20259:51 PM EDT

Tencent shares rise over 2% on second-quarter revenue beat

Shares of Tencent rose over 2% early in the session Thursday following its better-than-expected second-quarter earnings results Wednesday. 

The Chinese tech giant reported a 15% jump year on year in second-quarter revenue, boosted by strong performance in its gaming unit and AI investments.

Its second-quarter revenue totaled 184.504 billion Chinese yuan ($25.7 billion), compared with 161.117 billion yuan in the same period last year. 

— Nur Hikmah Md Ali

Wed, Aug 13 20258:09 PM EDT

Asia-Pacific markets start the day mixed

Asia-Pacific markets opened mixed Thursday.

Japan’s Nikkei 225 benchmark fell 0.31%, reversing course from its record high close in the previous session. Meanwhile, the broader Topix index lost 0.64%, as of 8:05 a.m. Singapore time (8:05 p.m. ET Wednesday).

In South Korea, the Kospi index added 0.39%, while the small-cap Kosdaq was flat.

Over in Australia, the S&P/ASX 200 benchmark increased by 0.49%.

— Amala Balakrishner

Wed, Aug 13 20258:08 PM EDT

Bitcoin rises to record high after rally in U.S. equities

Bitcoin rose sharply early Thursday and briefly hit a record high of $123,769, following a rally in U.S. equities overnight.

As of 7:52 a.m. Singapore time (7:52 p.m. ET), Bitcoin had advanced 0.47% to $123,507.07.

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Bitcoin prices

Wed, Aug 13 20257:31 PM EDT

CNBC Pro: Buy or avoid India’s IT stocks after recent job cuts? 3 pros share their take

Wed, Aug 13 20257:41 PM EDT

Here are the opening calls for the day

Good morning from Singapore.

Investors are awaiting the release of a slew of employment-related data from Australia.

Economists polled by Reuters expect an increase of 25,000 employed individuals in July, compared to the modest jump of 2,000 the month before. The unemployment rate in July is expected to come in at 4.2%, an improvement from 4.3% in June.

Australia’s S&P/ASX 200 was set to start the day flat with futures tied to the benchmark at 8,825, compared with the index’s Wednesday close of 8,827.10.

Japan Nikkei 225 was set to open lower, with the futures contract in Chicago at 43,135 while its counterpart in Osaka last traded at 43,140, against the index’s last close of 43,274.67.

Futures for Hong Kong’s Hang Seng index stood at 25,741, pointing to a stronger open compared with the HSI’s last close of 25,613.67.

— Amala Balakrishner

Wed, Aug 13 20256:05 PM EDT

Stock futures open little changed

U.S. stock futures traded just below the flatline on Wednesday evening.

S&P 500 futures fell 0.1% shortly after 6 p.m. ET, along with Nasdaq 100 futures. Futures tied to the Dow Jones Industrial Average lost 36 points, or about 0.1%.

— Sean Conlon

Wed, Aug 13 20254:01 PM EDT

Warren Buffett drops out of top 10 richest people in the world

Wed, Aug 13 20253:38 PM EDT

Fundamental stock market backdrop remains robust, Wolfe Research says

In a Wednesday note to clients, Wolfe Research pointed to a solid earnings season for continuing the boost the fundamental backdrop of the U.S. economy.

“With U.S. policy (tariff and monetary) incredibly volatile throughout the quarter, we viewed these results as very strong,” wrote Chris Senyek, the firm’s chief investment strategist.

“While tariff volatility depressed the earnings outlook for the S&P 500 after the Trump Administration’s Liberation Day, estimates have bounced back as companies continue to beat expectations and provide solid forward guidance,” he continued. “Though we expect seasonal volatility to pick up in the weeks ahead, the fundamental picture for stocks continues to be strong, especially as strong secular tailwinds, such as the AI Spending Narrative, remain intact.”

— Lisa Kailai Han

Wed, Aug 13 20254:06 PM EDT

S&P 500, Nasdaq Composite notch second day of record closing highs in a row