The Hang Seng Index rose 2% at 20,953.34 in Hong Kong. The move follows the previous session's decrease of 2.2%. Meituan contributed the most to the index gain, increasing 5.6%. Haidilao International Holding Ltd. had the largest increase, rising 9.3%. Today, 65 of 82 shares rose, while 16 fell; all sectors were higher, led by commerce and industry stocks. Source : Bloomberg
Shares on Wall Street scaled record highs on Thursday, lifting stock markets around the world, while U.S. Treasuries yields retreated as investors processed a second Donald Trump presidency and awaited a Federal Reserve policy decision. The Fed is expected to cut interest rates by 25 basis points at the end of its policy meeting on Thursday, a decision that may seem a footnote given the uncertain economic terrain it may soon navigate under a second Trump administration. The S&P 500 rose 0.5%, the Dow Jones Industrial Average added 0.12%, and the Nasdaq Composite jumped 1.1%. All three...
European stocks regained ground on Thursday, boosted by technology and resources shares, while Britain's FTSE 100 dipped after the Bank of England cut interest rates but projected higher inflation following the new government's first budget. The pan-European STOXX 600 closed 0.7% higher, powered by a 2.2% bounce in the tech sector recouping losses from the previous session. Autos also added 2.2% after a more than 2% decline on Wednesday. Investors will now shift their focus to the U.S. Federal Reserve's interest rate decision at 1900 GMT. Europe's STOXX 600 gained as much as 1.9% in the...