Hong Kong shares fell 195 points or 0.7% to 26,160 in early deals on Tuesday, marking a second day of losses as most sectors retreated. Sentiment weakened after PBoC Governor Pan Gongsheng's Monday briefing failed to deliver the easing measures investors had hoped for, with policymakers showing little urgency for major stimulus amid resilient exports and a stock market rally. In the U.S., futures were steady as Fed officials tempered bets for further cuts, noting inflation remains above target, though new Fed Governor Stephen Miran continued to advocate for deeper cuts. Losses were capped...
European stocks edged higher on Tuesday, with the STOXX 50 and STOXX 600 both up 0.1%, supported by a tech-led rally on Wall Street and optimism over AI following news of a Nvidia–OpenAI partnership. Traders also awaited fresh PMI data from Europe's largest economies. France disappointed, with both services and manufacturing slipping into contraction territory. On the corporate front, LVMH (+0.5%), Siemens (+1%), Schneider Electric (+1.9%) and ABB (+0.7%) booked gains, while Orsted surged more than 7% after a US court ruling cleared the way to resume work on the Revolution Wind project off...
The Hang Seng dropped 185 points, or 0.7%, to close at 26,159 on Tuesday, its second straight decline and the lowest in nearly two weeks. Sentiment weakened as China's policy measures fell short of expectations following a press briefing by top financial regulators on Monday, including the PBoC governor. Locally, Hong Kong shut down ahead of Super Typhoon Ragasa, with most flights suspended until Thursday. In the U.S., three Fed officials signaled the need for caution on inflation, while markets awaited a speech from Chair Powell later today. Losses were partly limited by pledges from the...