The Hang Seng fell 72 points, or 0.4%, to close at 19,688 on Monday after trading slightly higher in the morning, dragged down by losses across sectors. Sentiment turned sour as China's markets slumped to a near three-month low, down for a fourth session amid growing concerns over a sluggish recovery and trade risks as Trump returns to the White House. Limiting losses was a private sector survey that showed China's services activity rose the most in seven months in December, even as overseas orders fell and cost pressures increased. Meanwhile, the Shanghai and Shenzhen bourses met with...
European markets opened higher on Monday, looking to recover from a tumultuous start to the year for stocks. The regional Stoxx 600 index rose 0.3% in early trade, while sector gains were led by technology and autos, up 1.4% and 1.3%, respectively. Finnish fuel producer Neste led the gains, rising nearly 5%, continuing its positive momentum after last week announcing its largest contract to supply sustainable aviation fuel. Source: CNBC
Stocks rose on Monday, recovering from last week's losses as chipmakers surged. The Dow Jones Industrial Average traded 79 points higher, or 0.2%. The S&P 500 gained 0.8%, and the Nasdaq Composite gained 1.3%. Chip stocks led the gains after Foxconn reported record fourth-quarter revenue. Nvidia and Broadcom rose more than 3.2% and 2.9%, respectively, while Micron Technology gained 9%. Market sentiment was also helped Monday by a Washington Post report that said President-elect Donald Trump's tariff plan would be narrower than anticipated. The report said the levies would only cover...