The Hang Seng fell 23 points or 0.12% to end at 19,823 on Wednesday, closing in the red for the fourth session amid a sharp drop in US futures as concerns built that US President-elect Donald Trump's planned policies might fuel inflation and slow the pace of interest rate cuts.
Markets hit their lowest in nearly seven weeks, dragged by the potential appointment of China hawks to key US cabinet positions, which could lead to a tougher stance on trade and tariffs against Beijing.
Property and financials mainly retreated, with investors staying vigilant ahead of key US inflation data and upcoming Chinese activity readings. Still, losses were capped by reports that China may cut taxes on home buying by the end of this year.
Meantime, positive outcomes are expected from the Chinese central government's work forum and a Politburo meeting in December. Smoore Intl. Ltd. sank near 6.6%, alongside Akeso Inc. (-3.8%), Wuxi Biologics (-3.0%), Haidilao Intl. Hlds. (-2.7%), and Geely Auto (-2.1%).
The Hang Seng slipped 356 points, or 1.4%, to end at 26,128 on Friday, marking a second straight session of losses as consumer stocks slumped after President Trump proposed steep tariffs, including a ...
The Hang Seng Index started the day down by 212 points or 0.8%, closing at 26,272 points; the H-share index fell by 77 points or 0.82%, to 9,366 points; while the technology index dropped by 61 points...
The Hang Seng slipped 34 points, or 0.13%, to close at 26,485 on Thursday, swinging from a rally in the previous session and following a subdued morning trade. A retreat from record highs on Wall Str...
The Hang Seng Index started the day with a marginal increase of 17 points or 0.06%, reaching 26,536 points. Concurrently, the H-share index dropped by 5 points or 0.05%, standing at 9,437 points, whil...
The Hang Seng Index rose 1.4% at 26,518.65 in Hong Kong. The move follows the previous session's decrease of 0.7%. Alibaba Group Holding Ltd. contributed the most to the index gain and had the larges...
US stocks closed higher on Friday (September 26th), as investors reacted positively to an inflation report that met expectations, while also considering President Trump's new wave of tariffs and weakening consumer sentiment. The S&P 500 rose...
Oil prices rose on Friday as Ukrainian drone attacks on Russian energy infrastructure cut the country's fuel exports. Brent crude futures closed at $70.13 per barrel, up 71 cents, or 1.02%. U.S. West Texas Intermediate (WTI) crude closed at $65.72...
Gold strengthened on Friday (September 26th) after US inflation data matched expectations, bolstering speculation that the Federal Reserve will continue interest rate cuts later this year. Spot gold rose 0.8% to $3,778.62 an ounce at 1:30 p.m. EDT...
China would purchase U.S. soybeans if the United States removes what it calls "unreasonable tariffs" and creates conditions to support bilateral...
European stocks slipped into the red on Thursday, with both the STOXX 50 and STOXX 600 down 0.6%, following a subdued session the day before. Market...
Asia-Pacific markets fell Friday after U.S. President Donald Trump announced fresh tariffs on furniture, heavy trucks and pharmaceutical...
US stocks weakened for a third session on Thursday, as investors weighed strong economic data against expectations of future Fed rate cuts. The...