Hong Kong equities rose 75 points, or 0.3%, to 25,834 in Thursday morning deals, reversing a sharp drop the previous day as gains mainly from tech and consumer stocks lifted risk appetite. An extended rally on Wall Street overnight lent further support ahead of Friday's PCE index, the Fed's preferred inflation gauge, while markets priced in a potential 25bps rate cut next week amid softer labor market signals. Locally, economists expect Hong Kong's HIBOR to stay between 2-3% in the coming quarters, providing a stable backdrop for asset markets and the broader economy. Gains were capped, however, by the third consecutive session of weakness in mainland stocks after weak November PMI fueled concerns over a prolonged property slump and a persistently sluggish economic output, with no signs of fresh stimulus from Beijing ahead of year-end. Early top performers included Akeso Inc. (3.8%), Trip.com (3.1%), Xiaomi Corp. (2.6%), and Meituan (1.6%). (asd)
Source: Newsmaker.id
Hong Kong stocks weakened slightly in early trading on Thursday. The Hang Seng Index fell 74 points (-0.3%) to 26,514, reversing the previous session's gains as weakness spread across many sectors. I...
Hong Kong stocks edged higher in Wednesday morning trading. The index rose around 32 points, or 0.1%, to 26,518, attempting to break a downtrend that had lasted four consecutive sessions. This small ...
Hong Kong equities fell 172 points, or 0.7%, to 26,392 in early Tuesday trade, extending losses to a fourth straight session amid a sharp drop in U.S. futures after President Trump threatened to impos...
Hong Kong shares were little changed in Friday morning deals, hovering around 26,165 after two sessions of declines, as weakness in property and financials was offset by gains in tech and consumer sto...
Hong Kong stocks weakened again on Thursday as the Hang Seng remained under broad selling pressure, with most sectors closing lower. Sentiment was weighed down by a sharp dip in US futures and heavy s...
Gold prices briefly caused a stir after hitting a new record, but then slowed. The main trigger: US President Donald Trump withheld the threat of tariffs on Europe and claimed there was a "framework" for a future agreement on Greenland. This calmer...
Oil prices were little changed in Asian trading on Thursday after US President Donald Trump backed down from a threat to impose tariffs on European countries over Greenland. This decision helped ease geopolitical tensions and improve market...
The Nikkei 225 Index climbed 1.73% to close at 53,689, while the broader Topix Index rose 0.74% to 3,616 on Thursday, snapping a five-day losing streak as Japanese shares were lifted by a strong rally in chip and artificial intelligence related...