The Hang Seng Index weakened again for the second consecutive day. The Hong Kong stock exchange closed down 2.2%, or 611.54 points, to 26,775.57 on Monday (February 2) its biggest daily decline since the index fell 2.4% on November 21. This means that this selling pressure is not just a slight correction, but has entered a more pronounced "risk-off" phase. Compounding the decline, the decline was widespread across almost all sectors. Trade and industrial stocks led the decline, and the overall market looked "total red": out of 88 stocks, 75 fell, while only 11 rose. This usually indicates...
Japanese stocks rallied strongly on Tuesday, with the Nikkei 225 surging 3.92% to close at 54,721, setting a new record high. This rally was led by technology stocks and the financial sector, which solidly lifted the index. Global sentiment also contributed: a rebound in precious metals boosted risk appetite, while surprisingly expansionary US factory data bolstered confidence that growth prospects and corporate profits remain quite solid. Domestically, the weakening yen also provided a boost, benefiting Japan's export-driven economy. In the technology and AI sectors, stocks led the gains:...
The Hang Seng Index rose 0.2% to 26,834.77 in Hong Kong, stabilizing after the previous session's 2.2% decline. Today's gains were led by the financial sector, with three of the four sectors posting gains; of the 88 stocks, 61 rose and 27 fell. HSBC Holdings, the largest contributor to the index's gains, rose 3.1%. Meanwhile, CSPC Pharmaceutical Group, the stock with the largest surge, surged 8.1%. In terms of medium-term performance, the Hang Seng has risen about 33% in the past 52 weeks still below the 37% rise of the MSCI AC Asia Pacific Index over the same period. The index is...