The Hang Seng Index fell 0.9% at 20,597.09 in Hong Kong. The move was the biggest since falling 1.6% on Jan. 22 and follows the previous session's increase of 2.8%. AIA Group Ltd. contributed the most to the index decline, decreasing 1.9%. Nongfu Spring Co. had the largest drop, falling 6.9%. Today, 67 of 83 shares fell, while 15 rose; all sectors were lower, led by commerce and industry stocks. Source: Bloomberg
The S&P 500 and Nasdaq Composite fell Wednesday after mixed quarterly figures from Alphabet and chipmaker AMD led the tech sector lower. A decline in Apple also put pressure on the major indexes. The broad market index dipped 0.2%, while the Nasdaq lost 0.5%. The Dow Jones Industrial Average hovered around the flatline. Alphabet shares tumbled 8% after the Google-parent posted a cloud revenue miss as it ramps up spending on artificial intelligence, spooking investors who worried the megacap tech company will take longer to capitalize on its AI ambitions. Overall revenue for the period...
The S&P 500 moved higher on Wednesday in choppy trading as investors shrugged off a revenue miss from AlphabetThe broad market index rose 0.1%, while the Dow Jones Industrial Average climbed 143 points, or 0.3%. The Nasdaq Composite fell 0.1%. Alphabet shares tumbled 7% after the Google-parent posted a cloud revenue miss as it ramps up spending on artificial intelligence, spooking investors who worried the megacap technology company will take longer to capitalize on its AI ambitions. Overall revenue for the period also came up short.AMD shares were also lower by 7% after the company's...