Hong Kong stocks close down after Iran attacks Israel

Hong Kong shares fell on Monday in line with the rest of Asia after Iran's weekend attack on Israel fanned fresh fears of a major conflict in the Middle East. The Hang Seng Index sank 0.72 percent, or 121.23 points, to 16,600.46. The Shanghai Composite Index rose 1.26 percent, or 37.90 points,...

Hong Kong Shares Open Sharply Lower

Hong Kong shares sank more than one percent at the open Monday as geopolitical tensions surge in the wake of Iran's attacks on Israel over the weekend, with traders nervously awaiting Tel Aviv's response. The Hang Seng Index tumbled 1.40 percent, or 234.33 points, to 16,487.36. The Shanghai...

Market Review Friday, April 12, 2024

Nikkei Tokyo stocks closed higher on Friday after US tech shares gained, while the yen weakened against the dollar. The benchmark Nikkei 225 index rose 0.21 percent, or 80.92 points, to 39,523.55, while the broader Topix index added 0.46 percent, or 12.68 points, to 2,759.64. Hang Seng Hong...

Hong Kong shares edge lower at open

Shares fell at the open of business in Hong Kong on Friday as tech firms suffered early selling, while traders shrugged off a positive lead from Wall Street. The Hang Seng Index slipped 0.68 percent, or 116.33 points, to 16,978.70. The Shanghai Composite Index was flat, nudging up 1.33 points to...

Hong Kong stocks close lower after US inflation data

Hong Kong stocks finished Thursday in negative territory after a bigger-than-expected bump in US inflation dealt a blow to hopes for a series of interest rate cuts this year. The Hang Seng Index dipped 0.26 percent, or 44.14 points, to 17,095.03. The Shanghai Composite Index added 0.23 percent,...

Hong Kong Shares Plunge at The Open

Hong Kong stocks tumbled at the open Thursday, tracking a sell-off on Wall Street and across Asia after hotter-than-expected US inflation data dented hopes the Federal Reserve will cut interest rates this year. The Hang Seng Index dived 1.65 percent, or 282.98 points, to 16,856.19. The Shanghai...

Hong Kong stocks end with more gains

Hong Kong stocks rallied Wednesday on the back of a surge in tech giants including Alibaba and Tencent, while investors were preparing for the release of key US inflation data later in the day. The Hang Seng Index jumped 1.85 percent, or 311.10 points, to 17,139.17. The Shanghai Composite Index...

Hong Kong Shares Kick Off With Gains

Hong Kong stocks rose at the open on Wednesday following a positive lead from Wall Street, with focus firmly on US inflation data that is due later in the day. The Hang Seng Index added 0.58 percent, or 97.95 points, to 16,926.02. The Shanghai Composite Index dipped 0.08 percent, or 2.58 points,...

Market Review Tuesday, April 9, 2024

Nikkei Tokyo stocks closed higher on Tuesday, helped by rallies in US tech shares and a stable dollar-yen exchange rate. The benchmark Nikkei 225 index added 1.08 percent, or 426.09 points, to 39,773.13 while the broader Topix index ended up 0.97 percent, or 26.37 points, at 2,754.69. Hang...

Hong Kong stocks begin with gains

Hong Kong shares rose at the open of business Tuesday morning as investors turned their attention to the release of US consumer price data later in the week. The Hang Seng Index edged up 0.52 percent, or 86.33 points, to 16,819.18. The Shanghai Composite Index eased 0.08 percent, or 2.44 points,...

Market Review Monday, April 8, 2024

Nikkei Tokyo stocks ended higher on Monday as investors took heart from strong US jobs data and Israel's withdrawal of forces from the southern Gaza Strip. The benchmark Nikkei 225 index was up 0.91 percent, or 354.96 points, to end at 39,347.04, while the broader Topix index added 0.95 percent,...

Hong Kong stocks open with losses

Hong Kong stocks opened slightly lower Monday morning after strong US jobs data dealt another blow to hopes that the Federal Reserve will cut interest rates in June. The Hang Seng Index dipped 0.44 percent, or 73.09 points, to 16,650.83. The Shanghai Composite Index fell 0.39 percent, or 11.97...

Hong Kong Shares Close with Healthy Gains

Hong Kong stocks rose Thursday, tracking a record day on Wall Street, thanks to a rally in tech giants such as Alibaba and JD.com, while investors awaited the release of key US inflation data. The Hang Seng Index gained 0.91 percent, or 148.58 points, to 16,541.42. The Shanghai Composite Index...

Hong Kong Shares Close Lower

Hong Kong stocks ended Friday with steep losses as tech firms tanked after a US official said a major Chinese chip manufacturer "potentially" broke American law by making a processor for sanctioned telecom giant Huawei. The Hang Seng Index shed 2.16 percent, or 363.63 points, to 16,499.47. The...

Hong Kong stocks rally as Fed boosts rate optimism

Hong Kong stocks advance ahead of Fed decision

Hong Kong shares finished on a positive note Wednesday, tracking a record close on Wall Street as investors await the end of a key Federal Reserve policy meeting later in the day. The Hang Seng Index edged up 0.08 percent, or 13.59 points, to 16,543.07. The Shanghai Composite Index added 0.55...

Hong Kong stocks finish with losses

Hong Kong stocks ended sharply down Tuesday ahead of a keenly awaited Federal Reserve policy decision that traders hope will shine some light on officials' plans for interest rates. The Hang Seng Index fell 1.24 percent, or 207.64 points, to 16,529.48. The Shanghai Composite Index dropped 0.72...

Hong Kong stocks close higher

Hong Kong stocks closed higher on Monday after China released data showing an uneven economic recovery, with strong industrial production but sluggish household consumption. The Hang Seng Index added 0.10 percent, or 16.23 points, to 16,737.12. The Shanghai Composite Index gained 0.99 percent,...

Hong Kong Stocks Open Sharply Lower

Hong Kong stocks tumbled more than one percent at the open Friday after data showing US producer prices surged more than expected last month, denting hopes for interest rate cuts. The Hang Seng Index sank 1.20 percent, or 203.30 points, to 16,758.36. The Shanghai Composite Index slipped 0.22...

Hong Kong stocks finish lower

Hong Kong stocks closed lower Thursday for a second day following a recent healthy run-up, with attention now on the release of US data due later in the day, including on producer prices. The Hang Seng Index dropped 0.71 percent, or 120.45 points, to 16,961.66. The Shanghai Composite Index lost...