\u2014 Amala Balakrishner<\/p>\n
Japan’s Nikkei 225 share average falls over 2%<\/p>\n
Japanese stocks fell Monday with the blue-chip\u00a0Nikkei\u00a0225<\/a> benchmark and broader Topix index down over 2% in early trade.<\/p>\n Declines were led by financial names and export-oriented companies such as automobiles as the yen weakened against the greenback, following speculation of rate cuts by the U.S. Federal Reserve next month.<\/p>\n The 225-stock Nikkei 225 share average fell 2.05% to hit 39,969.79 at 10:05 a.m. local time (9:05 p.m. Sunday ET), while the broader Topix index declined by 1.81% to 2,895.54.<\/p>\n Stock Chart IconStock chart icon Nikkei 225<\/p>\n Meanwhile, the yen had depreciated by 0.22% against the U.S. dollar to 147.69.<\/p>\n \u2014 Amala Balakrishner<\/p>\n Asia-Pacific markets start the day lower<\/p>\n Asia-Pacific markets started the day mixed Monday.<\/p>\n Japan’s\u00a0Nikkei 225<\/a>\u00a0benchmark plunged 2.05%, while the broader Topix index declined by 1.86% as of 8:11 a.m. Singapore time (8:11 p.m. ET Sunday).<\/p>\n In South Korea, the\u00a0Kospi<\/a>\u00a0index ticked up 0.13%, while the small-cap Kosdaq added 0.53%.<\/p>\n Over in Australia, the\u00a0S&P\/ASX 200<\/a>\u00a0benchmark fell 0.21%.<\/p>\n \u2014 Amala Balakrishner<\/p>\n U.S. stock futures little changed<\/p>\n U.S. equity futures<\/a> were little changed in early Asia hours Monday as investors digested the U.S.’ latest round of tariffs, which have raised concerns over mounting inflation and an economic slowdown.<\/p>\n Futures tied to the broad-based S&P 500<\/a>\u00a0moved down 0.05%, while Nasdaq 100 futures<\/a> ticked up 0.06% as of 7:55 a.m. Singapore time (7:55 p.m. Sunday ET). Futures for the\u00a0Dow Jones Industrial Average<\/a>\u00a0declined by 12 points or 0.03%.<\/p>\n \u2014 Amala Balakrishner<\/p>\n Here are the opening calls for the day<\/p>\n Good morning from Singapore.<\/p>\n Investors are continuing to assess the U.S.’s latest tariffs which have now raised concerns over mounting inflation levels and an economic slowdown.<\/p>\n They will also be keeping a watch on oil prices after OPEC+ agreed to raise production to 547,000 barrels per day<\/a> in September.<\/p>\n Japan’s benchmark\u00a0Nikkei 225<\/a>\u00a0was set to open lower, with the futures contract in Chicago at 39,965, while its counterpart in Osaka last traded at 39,900, against the index’s Monday close of 40,799.60.<\/p>\n Futures for Hong Kong’s\u00a0Hang Seng index<\/a>\u00a0stood at 24,282 pointing to a weaker open compared with the HSI’s last close of 24,507.81.<\/p>\n Australia’s\u00a0S&P\/ASX 200<\/a>\u00a0was set to start the day lower with futures tied to the benchmark at 8,587, compared with its last close of 8,662.<\/p>\n \u2014 Amala Balakrishner<\/p>\n OPEC+ hikes oil production by 547,000 barrels per day for September<\/p>\n Oil prices slipped on Friday, weighed down by a stronger U.S. dollar and the possibility that OPEC+ will further increase its crude oil output.<\/p>\n Dado Ruvic | Reuters<\/p>\n OPEC+ agreed on Sunday to raise oil production<\/a> by 547,000 barrels per day for September, the latest in a series of accelerated output hikes to regain market share, as concerns mount over potential supply disruptions linked to Russia.<\/p>\n OPEC+ cited a healthy economy and low stocks as reasons behind its decision.<\/p>\n “Given fairly strong oil prices at around $70, it does give OPEC+ some confidence about market fundamentals,” said Amrita Sen, co-founder of Energy Aspects, adding that the market structure was also indicating tight stocks.<\/p>\n In early Asian trade on Monday, Brent crude futures<\/a>\u00a0fell 43 cents, or 0.62%, to $69.24 a barrel by 2218 GMT, while U.S. West Texas Intermediate<\/a>\u00a0crude was at $66.94 a barrel, down 39 cents, or 0.58%, after both contracts closed about $2 a barrel lower on Friday. \u00a0<\/p>\n Read more here<\/a>.<\/p>\n \u2014 Reuters<\/p>\n Fri, Aug 1 20254:17 PM EDT<\/p>\n Stocks close lower <\/p>\n Stocks closed lower on Friday, after a weaker-than-expected jobs report worried investors that the economy is meaningfully slowing down.<\/p>\n The S&P 500<\/a> slipped 1.6% to close 6,238.01, while the Nasdaq Composite<\/a> pulled back 2.24% 20,650.13. The Dow Jones Industrial Average<\/a> fell 542.40 points, or 1.23%, to finish the session 43,588.58. <\/p>\n \u2014 Brian Evans<\/p>\n","protected":false},"excerpt":{"rendered":"Chinese and Hong Kong stocks fall in early trade Chinese and Hong Kong stocks started the day lower…\n","protected":false},"author":3,"featured_media":117121,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[8002,8000,4740,7992,7998,133,64,81,144,3748,8001,7994,3348,7995,135,143,7997,147,6769,145,7996,6043,7991,67,132,68,7993,7999,137],"class_list":{"0":"post-117120","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-arm-holdings-plc","9":"tag-asia-economy","10":"tag-australia","11":"tag-australian-dollar-us-dollar-fx-spot-rate","12":"tag-breaking-news-asia","13":"tag-breaking-news-markets","14":"tag-business","15":"tag-business-news","16":"tag-dow-jones-industrial-average","17":"tag-dxy-us-dollar-currency-index","18":"tag-economic-events","19":"tag-hang-seng-index","20":"tag-ice-brent-crude-apr23","21":"tag-kospi-index","22":"tag-markets","23":"tag-nasdaq-composite","24":"tag-nikkei-225-index","25":"tag-nvidia-corp","26":"tag-prices","27":"tag-sp-500-index","28":"tag-sp-asx-200","29":"tag-shanghai","30":"tag-shenzhen-component-index","31":"tag-united-states","32":"tag-unitedstates","33":"tag-us","34":"tag-usd-jpy","35":"tag-world-markets","36":"tag-wti-crude-mar23"},"share_on_mastodon":{"url":"","error":"Validation failed: Text character limit of 500 exceeded"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/117120","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=117120"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/117120\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/117121"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=117120"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=117120"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=117120"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"hide](\"https:\/\/static-redesign.cnbcfm.com\/dist\/a54b41835a8b60db28c2.svg\")
<\/p>\n