Hong Kong shares ended higher Friday, extending the previous day's near-three percent gains, as global markets were boosted by a better-than-expected reading on US jobs creation. The Hang Seng Index jumped 0.99 percent, or 248.93 points, to 25,373.12. The benchmark Shanghai Composite Index rose 2.01 percent, or 62.24 points, to 3,152.81 while the Shenzhen Composite Index on China's second exchange rallied 1.28 percent, or 25.84 points, to 2,041.89. Source : AFP
China stocks ticked up on Thursday as global central banks look poised to ease policies, while concerns about a slowdown in the country's economic growth weighed on investor sentiment. At the close, the Shanghai Composite index was up 0.1% at 2,917.76. The blue-chip CSI300 index was flat. CSI300's financial sector sub-index was higher by 0.1%, the consumer staples sector fell 0.2%, while the healthcare sub-index eased 0.3%. The smaller Shenzhen index ended down 0.1%, while the start-up board ChiNext Composite index was higher by 0.2%. Source : Reuters
European stocks opened higher Thursday morning after U.S. Federal Reserve Chairman Jerome Powell signaled that the central bank could cut interest rates imminently. The pan-European Stoxx 600 climbed 0.2% at 388.15 after the opening bell, oil and gas leading gains with a 0.9% rise while construction and material stocks fell 0.2%. Powell told the House Financial Services Committee in a prepared testimony on Wednesday that the central bank will œact as appropriate to sustain expansion as œcrosscurrents are weighing on the economic outlook. Source : CNBC
Tokyo stocks rose on Thursday, extending US rallies on growing expectations of a rate cut, while Nintendo surged after the game giant unveiled a scaled back, cheaper version of its Switch console. The benchmark Nikkei 225 index gained 0.51 percent, or 110.05 points, to close at 21,643.53, while the broader Topix Index was up 0.47 percent, or 7.31 points, at 1,578.63. Source : AFP
Hong Kong stocks started with gains on Thursday as investors welcomed a dovish testimony by Federal Reserve boss Jerome Powell that reinforced hopes for an interest rate cut. The Hang Seng Index rose 0.51 percent, or 143.17 points to 28,347.86. The benchmark Shanghai Composite Index rose 0.44 percent, or 12.76 points, to 2,928.06, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, gained 0.51 percent, or 7.97 points, to 1,558.84. Source : AFP
Asian stocks rose and the dollar sagged on Thursday after Federal Reserve Chair Jerome Powell reinforced prospects of a U.S. interest rate cut later this month. In an appearance before his congressional overseers on Wednesday, Powell confirmed that the U.S. economy is still under threat from disappointing factory activity, tame inflation and a simmering trade war. Powell said the central bank stands ready to œact as appropriate. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.2%, while Japan's Nikkei added 0.15%. South Korea's climbed 0.7%. Australian stocks were...