The Hang Seng lost 256 points or 1.1% to close at 23,892 on Wednesday, giving up gains from the prior session amid weak data from China. Consumer prices on the mainland edged up in June for the first time in five months, but deflation risks lingered.
Meanwhile, producer prices fell the most in two years as muted demand and tariff-related uncertainties intensified price competition. Losses were broad-based, driven by falls tech, property, and consumers.
Henderson Land plunged 8.6% after issuing a HKD-denominated convertible bond. Other notable laggards included Sun Hung Kai Properties (-3.1%), Meituan (-2.5%), and Xiaomi Corp. (-2.0%).
Further losses were capped by remarks from U.S. President Trump, who said trade talks with the EU and China were progressing well, easing fears that Beijing would be targeted in the next round of tariff hikes. Meantime, IPO momentum in Hong Kong is likely to surge in H2, with 100–139 new listings for the year, according to the South China Morning Post.
Source: Trading economi
Hong Kong stocks continued to weaken. The Hang Seng Index fell 1.3% to 25,555.02 at 10:14 a.m. local time, widening its weekly loss to 2.8%. Hang Seng Tech also fell 2.3%. The biggest pressure came fr...
The Hong Kong stock market posted moderate gains on Thursday (October 16th), with the Hang Seng Index rising 96 points, or 0.37%, to 26,007. This increase occurred despite mixed performance in the tec...
The Hang Seng Index rose 1.6% to 25,836.06 at 10:12 a.m. local time on Wednesday, snapping a seven-day losing streak (~-7%). The rise was driven by expectations of a Fed rate cut this month after Jero...
Hong Kong stocks rose on Tuesday, ending six consecutive days of declines. The Hang Seng Index rose 0.2% to 25,925, as investors expressed optimism that tensions between China and the United States wo...
The Hang Seng dipped 401 points or 1.5% to end at 25,889 on Monday, marking a sixth session of losses as all sectors weighed on the index. Sentiment weakened further after President Trump announced Fr...
Both the STOXX 50 and the STOXX 600 fell 1.5% on Friday, tracking a global equity sell-off as signs of credit stress among US regional banks reignited concerns about credit quality and the potential spillover to other sectors. Banking and financial...
Japanese stocks fell, led by the financial sector, as investors were shaken by revelations of loan problems at two regional US banks that raised concerns about the credit market.The Topix index fell 1% to 3,170.44 at the close of trading in...
The US dollar and Treasury yields fell after Zions Bancorp and Western Alliance admitted to fraudulent lending to funds investing in troubled commercial mortgages. The Bloomberg Dollar Spot Index weakened 0.1% (the fourth straight day) and is...
Fed Chairman Jerome Powell hinted that the central bank may stop shrinking its balance sheet in the coming months.
The Fed chairman also indicated...
Federal Reserve Chair Jerome Powell on Tuesday delivers his last scheduled remarks before the Fed's next meeting with the economy enjoying...
U.S. President Donald Trump remains on track to meet Chinese leader Xi Jinping in South Korea in late October, U.S. Treasury Secretary Scott Bessent...
Asian stock markets opened higher on Thursday morning (October 16th), following a positive close on Wall Street despite volatile trading. Stocks in...