A look at the day ahead in European and global markets from Kevin Buckland
Stock market momentum is waning as a dearth of fresh economic clues sees the feverish punting over the pace of Federal Reserve rate cuts finally settle down.
Most Asian equity indexes declined on Tuesday, led by the Hang Seng's more than 2% retreat from the previous session's multi-month high. Japan's Nikkei stood out as the sole beneficiary of the Nasdaq's record run... (continue reading...)
SHANGHAI (Reuters) - China's Li Auto said it has postponed plans to launch pure electric SUV models to next year, citing hurdles such as a lack of enough fast chargers, sending its shares down more than 17% on Tuesday.
The decision comes as Li Auto, which has built its profits and success on four extended-range gas electric hybrid models, has also encountered a setback with its first fully electric model Mega that didn't meet its original expectation... (continue reading...)
BEIJING (Reuters) - China's embassy in Japan on Tuesday said it firmly opposes Japanese lawmakers visiting Taiwan and expressed firm protests.
"The Japanese government and some politicians ignored China's strong opposition and congratulated Taiwan's Lai," an embassy spokesperson said according to a statement.
Taiwan President Lai Ching-te asked China on Monday to stop its military and political threats, saying in his inauguration speech... (continue reading...)
BEIJING (Reuters) - China's embassy in South Korea on Tuesday said it resolutely opposes and condemns South Korean lawmakers visiting Taiwan to attend the so-called "inauguration ceremony of the leader".
A spokesperson for the embassy said the move runs counter to the China-South Korea strategic cooperative partnership.
Lai Ching-te was sworn in as Taiwan's new president on Monday, in footage shown live on television from the presidential... (continue reading...)
By Kevin Buckland
TOKYO (Reuters) - Asian stocks drifted lower while the dollar held firm on Tuesday as investors awaited minutes of the Federal Reserve's latest policy meeting to gauge the timing and extent of possible interest rate cuts this year.
Japan's tech-heavy Nikkei edged higher though, driven by chip shares after the Nasdaq hit a record high overnight ahead of Nvidia earnings due on Wednesday.
Gold inched back... (continue reading...)
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