Insightful Word
  • Investing
  • Stock
  • Economy
  • Politics
  • Investing
  • Stock
  • Economy
  • Politics
No Result
View All Result
Insightful Word
No Result
View All Result
Home Investing

Asian stocks close mixed on Monday: Nifty, Sensex jump over 1%, Nikkei slips 1.30%

admin by admin
April 21, 2025
in Investing
0
Asian stocks close mixed on Monday: Nifty, Sensex jump over 1%, Nikkei slips 1.30%
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

Asian stocks delivered a mixed performance in thin holiday trade on Monday, with markets in Hong Kong, Australia, and New Zealand closed for the Easter holiday.

Investors navigated lingering US-China tensions, a volatile dollar, and fresh political drama in Washington.

The US dollar slumped after President Donald Trump escalated criticism of Federal Reserve Chair Jerome Powell, threatening to remove him over rate decisions and accusing him of political bias.

In a post on Truth Social, Trump called Powell “always TOO LATE AND WRONG” for not cutting rates, adding pressure ahead of the next monetary policy meeting.

White House economic adviser Kevin Hassett confirmed on Friday that the administration was reviewing the legal feasibility of dismissing Powell, claiming the Fed’s actions were intended to benefit Democrats ahead of the election.

The controversy added to market jitters already frayed by trade disputes.

Asian markets on Monday

In equity markets, China’s Shanghai Composite Index rose 0.45% to 3,291.43 after the People’s Bank of China kept its loan prime rates unchanged, maintaining its accommodative stance.

Trump also unveiled an eight-point plan targeting what he described as “non-tariff cheating” by foreign countries, a move he warned could strain both diplomatic and trade ties.

In response, China’s Commerce Ministry said it would retaliate against countries aligning with the United States in its ongoing tariff war.

Japanese stocks declined sharply as the yen surged to its strongest level since September against the dollar, reflecting investor caution ahead of planned US-Japan currency talks later this week.

The Nikkei 225 dropped 1.30% to 34,279.92, while the broader Topix index lost 1.18% to 2,528.93.

Export-oriented stocks led the losses, with Toyota Motor falling 2.9% and Suzuki Motor down 3.9%.

South Korea’s Kospi index edged 0.20% higher to 2,488.42, extending gains for a third straight session.

However, preliminary trade data for April revealed sharp declines in exports to both the United States and China, casting a shadow over the country’s economic outlook.

Indian markets outperform

Indian stocks outperformed Asian peers on Monday.

Equity indices Sensex and Nifty ended higher on Monday, lifted by gains in heavyweight stocks including HDFC Bank and ICICI Bank after their earnings reports, along with continued foreign fund inflows.

Tech Mahindra, Axis Bank, HDFC Bank, Infosys, State Bank of India, and IndusInd Bank were among the top performers on the Sensex, while Adani Ports, ITC, Bharti Airtel, Titan, Hindustan Unilever, and Sun Pharma declined.

The Sensex closed 855.30 points, or 1.09%, higher at 79,408.50, while the Nifty advanced 273.90 points, or 1.15%, to settle at 24,125.55.

The post Asian stocks close mixed on Monday: Nifty, Sensex jump over 1%, Nikkei slips 1.30% appeared first on Invezz

Previous Post

US stocks slide at open: Dow slumps over 450 points, Nasdaq down around 2%

Next Post

Here’s why the GLD ETF stock has surged to a record high

admin

admin

Next Post
Here’s why the GLD ETF stock has surged to a record high

Here’s why the GLD ETF stock has surged to a record high

Trending News

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

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

March 1, 2025
Fed minutes may begin to show the hurdle to further rate cuts

Fed minutes may begin to show the hurdle to further rate cuts

January 8, 2025
Argentine peso futures fall amid uncertainty ahead of IMF deal and currency policy

Argentine peso futures fall amid uncertainty ahead of IMF deal and currency policy

April 12, 2025
Subscribe to Insightful Word


    Recent News

    S&P 500 nears record high despite headwinds: key drivers behind the surprise rally

    S&P 500 nears record high despite headwinds: key drivers behind the surprise rally

    June 26, 2025
    Top Nasdaq 100 Index stocks of 2025 as it breaks new all-time high

    Top Nasdaq 100 Index stocks of 2025 as it breaks new all-time high

    June 26, 2025
    S&P 500 nears record high as Wall Street opens higher amid tech momentum

    S&P 500 nears record high as Wall Street opens higher amid tech momentum

    June 26, 2025
    Galaxy Digital launches $175 million fund to back DeFi and stablecoin startups

    Galaxy Digital launches $175 million fund to back DeFi and stablecoin startups

    June 26, 2025

    Recent News

    S&P 500 nears record high despite headwinds: key drivers behind the surprise rally

    S&P 500 nears record high despite headwinds: key drivers behind the surprise rally

    June 26, 2025
    Top Nasdaq 100 Index stocks of 2025 as it breaks new all-time high

    Top Nasdaq 100 Index stocks of 2025 as it breaks new all-time high

    June 26, 2025

    Latest News

    • S&P 500 nears record high despite headwinds: key drivers behind the surprise rally
    • Top Nasdaq 100 Index stocks of 2025 as it breaks new all-time high
    • S&P 500 nears record high as Wall Street opens higher amid tech momentum

    About Insightful Word

    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools
    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools

    Copyright © 2025 Insightfulword.com. All Rights Reserved.

    No Result
    View All Result
    • Investing
    • Stock
    • Economy
    • Politics

    Copyright © 2025 Insightfulword.com. All Rights Reserved.